Announced
Financials
Tags
United States
Private Equity
auto auction
Acquisition
Friendly
Majority
Single Bidder
Auto Services
Private
Pending
Synopsis
Huron Capital-backed XLerate Group, a nationwide auction and remarketing platform, completed the acquisition of Columbus Fair Auto Auction, an auto auction in Obetz, Ohio. Financial terms were not disclosed. "This acquisition bolsters XLerate's presence in the critical Midwestern market and our capabilities to service large fleet/lease and financial institution customers. We are excited that Greg Levi and his team will join XLerate's highly talented management group. XLerate's team will benefit from Greg's deep experience in customer compliance and digitally-enabled sales platforms," Cam Hitchcock, XLerate CEO.
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