Brightstar Capital Partners-backed XLerate completed the acquisition of America's Auto Auction.

Brightstar Capital Partners-backed XLerate, a nationwide vehicle auction and remarketing company, completed the acquisition of America's Auto Auction, a vehicle auction provider. Financial terms were not disclosed. "The independent vehicle auction sector is poised for significant growth, as consumer demand expands, and technology continues to enhance the remarketing process. We are thrilled to welcome our talented colleagues at AAA, and appreciate the trust placed in us by Brightstar. Together, we will develop a platform built on lasting relationships and superior service that leverages the best of digital and physical offerings, and further redefines the remarketing industry," Cam Hitchcock, XLerate CEO.