XLerate Group, a leader in used car remarketing, has been acquired by Brightstar Capital Partners, positioning it for further growth and technological advancements.

Target Company Overview

XLerate Group, a leading player in the used car auction and remarketing space, has effectively positioned itself for continued growth following its acquisition by Brightstar Capital Partners. Founded with the vision of transforming traditional auto auctions, XLerate has evolved into a comprehensive tech-enabled platform with multiple auction sites across the United States. The firm’s strategic focus on both organic growth and acquisitions has enabled it to scale rapidly over a period of seven years.

Under the leadership of CEO Cam Hitchcock and with support from Huron Capital, XLerate has successfully transitioned from a conventional wholesale auction model to a diverse powerhouse offering in-lane, mobile, and digital auction services, alongside various ancillary offerings designed to enhance customer experience and drive auction volumes.

Industry Overview

The used car auction industry in the United States is currently experiencing robust growth, driven by advancements in technology and a shifting consumer focus towards online purchasing s