AFS Automotive Group Closes High Value Equity Sale for Keeler Motor Car Company
ArentFox Schiff represented Keeler in its sale to Open Road Capital of a majority stake in Keeler’s business, which operates Mercedes-Benz, Honda, BMW, and Mini dealerships in Albany, NY and Ridgefield, CT.
The ArentFox Schiff transactional team handled all aspects of the transaction for Keeler, including restructuring operations into a new post-closing organizational structure and counsel on franchise issues with the four manufacturers involved, state licensing, employment agreements for Keeler executives involved in the post-closing business and sophisticated tax strategies involved with the transaction and the transfer of real estate proceeds into a 1031 exchange.
Keeler was advised by a legal team led by Kevin Timson and Russell McRory and supported by Partners Christian McBurney, Kelly Ballentine, and Stephen Hanson and Associates Shayshari Potter, Gurpartap Singh, and Steven Yoon on the transaction.
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