Brightstar Capital completed the acquisition of a majority stake in XLerate.

Brightstar Capital, a private equity firm, completed the acquisition of a majority stake in XLerate, an operator of an automotive auction and remarketing company. Huron Capital will retain minority equity stakes in the business. Financial terms were not disclosed. "We're excited to partner with CEO Cam Hitchcock and Xlerate's experienced and talented team to fuel the Company's growth in this fragmented industry. Combining management's unparalleled knowledge of the auto industry with our resources and network of relationships, we aim to add value for XLerate's customers and employees as well as our investors," Andrew Weinberg, Brightstar Founder and CEO.