Texas auto auction company acquired by Capital Partners for XLerate GroupFri, 02, Dec 2016
Huron Capital Partners, a Detroit investment group, has acquired a Texas-based auto auction for one of its portfolio companies, the Indianapolis-based XLerate Group, which runs online and onsite auto auctions.
AutoNation plans leap into auction businessMon, 28, Nov 2016
AutoNation is getting into the auction business in a much bigger way with plans to open four AutoNation-branded auto auctions over the next two years, going to five sites from one now. AutoNation expects to sell more than 20,000 vehicles annually at each of its auction locations.