Used Car Marketplace Beepi Closes Down

Beepi is closing after failed attempts to merge with and DGDG; the firm is now working with Sherwood Partners to sell its assets through an assignment for the benefit of creditors process; Beepi provided an innovative online solution for used car sales; sources say the firm was paying exorbitant salaries and benefits for its employees; Sherwood Partners has not provided any details on buyers of the firm’s assets however it is reported that may be involved.  Source