Cerberus completed the acquisition of a 80% stake in Off Lease Only.

Cerberus Capital Management, a mid-market private equity firm completed the acquisition of an 80% stake in Off Lease Only, a used car dealership. Financial terms were not disclosed. Off Lease Only founders Mark and Eileen Fischer will maintain 20% ownership of the company and will continue to provide strategic direction and support. “We look forward to working with Mark, Eileen, and their talented team to expand the Company’s footprint and further strengthen the business through strategic investments and the integration of operations and technology initiatives," Scott Wille, Cerberus Co-Head of Private Equity and Senior Managing Director.