Zeppos Rautiola represents Channel LLC in acquisition by Auction.com
IRVINE AND SILICON VALLEY, CA. — Auction.com, LLC, the nation’s leading online real estate marketplace, has completed its cash and equity acquisition of Channel, LLC, a Newport Beach, California-based real estate technology solutions provider that offers a leading-edge real estate transaction platform aimed at residential brokers and consumers.
Auction.com, LLC, is the nation’s leading online real estate marketplace. Founded in 2007, the company has sold over $29 billion in residential and commercial real estate assets. Auction.com has over 900 employees. Channel’s platform enables real estate investment firms, financial institutions, asset management companies, and other service providers to efficiently manage and liquidate their real estate assets by automating and standardizing the workflow and tasking for all team members within the management and disposition life cycle.
Demo Zeppos, partner at Zeppos Rautiola LLP, represented Channel LLC as lead counsel in facilitating the above transactions, which included negotiating the payment terms, structuring the purchase agreements, tax structure and post-closing agreements, as well as exit-planning services for the owners.