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Announced

Huron Capital-backed XLerate Group completed the acquisition of Columbus Fair Auto Auction.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private Equity

auto auction

Acquisition

Friendly

Majority

Single Bidder

Auto Services

Private

Pending

Synopsis

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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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