XLerate Group has merged with America’s Auto Auction, creating a leading vehicle auction platform across 39 sites in 19 states under Brightstar Capital Partners' stewardship.

Information on the Target

XLerate Group, headquartered in Carmel, Indiana, is a preeminent full-service provider of used-car auction services. The company specializes in facilitating the wholesale remarketing of used vehicles for B2B customers, thereby ensuring critical liquidity within the used car sales ecosystem. With a network of physical auction sites spanning 13 states and a budding presence in digital platforms, XLerate is well-positioned to meet the needs of its customers. Additionally, the company operates a full-service dealer floorplan affiliate named XLFunding, which further enhances its service offerings.

America’s Auto Auction (AAA), based in Dallas, Texas, is another significant player in the vehicle auction market. Like XLerate, AAA provides comprehensive auction services, focusing on the buying and selling of vehicles through its 23 physical auction locations across 15 states. Furthermore, AAA operates a financing affiliate known as Auction Credit Enterprises. The merger of XLerate and AAA signifies a strategic consolidation aimed at enhancing the capacity and service offerings within the vehicle auction industry.

Industry Overview in the Target’s Specific Country

The vehicle auction industry in the United States has experienced remarkable growth in recent years, driven by an increase in consumer demand and advancements in digital technology. As more consumers seek efficient methods for buying and selling used vehicles, auction f