Wholesale, Inc. Sold to RumbleOn, Inc.

We represented Wholesale, LLC. and Wholesale Express, LLC., an independent distributor of pre-owned vehicles in the US, in its sale to RumbleOn, Inc. (Nasdaq: RMBL) for $16 million in cash and 1,317,329 in shares of RumbleOn Series B Preferred Stock. The transaction marks RumbleOn’s entry to the automotive sector and closed October 2018.

RumbleOn operates a capital-light disruptive e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned vehicles in one online location.

 

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