Chicago Attorneys Noted in 'Law360'
Chicago Partners Brian Sher and John Goebel and Associates Faisal Delawalla and Alejandro Montenegro were noted Feb. 14 in Law360 for their representation of Dealer Inspire and Launch Digital Marketing (LDM) in an acquisition by Cars.com for $165 million in cash at closing with potential additional consideration based on future performance. Cars.com will supplement Dealer Inspire's and LDM's sales of innovative dealer technologies by integrating and distributing relevant digital solutions through the company's sales network for the benefit of its more than 20,000 dealer customers nationwide. The article noted that Dealer Inspire provides dealers with digital products such as websites or messaging platforms, and LDM offers a variety of marketing solutions. Dealer Inspire and LDM generated revenues of $41 million and have 1,700 customers serviced by 400 employees. The acquisition will allow Cars.com to offer more digital solutions to its dealership clients, including a platform that creates custom ads based on inventory data and a program that helps customers compare a wide range of the financial aspects of their purchase while shopping, the company said. Click here to read the article; subscription may be required.
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