M&A Deal Summary

XLerate Group Acquires America s Auto Auction

On December 30, 2021, XLerate Group acquired automotive company America s Auto Auction from Trinity Hunt Partners and Barings Private Equity

Acquisition Highlights
  • This is XLerate Group’s 2nd transaction in the Automotive sector.
  • This is XLerate Group’s 13th transaction in the United States.
  • This is XLerate Group’s 3rd transaction in Texas.

M&A Deal Summary
Date 2021-12-30
Target America s Auto Auction
Sector Automotive
Buyer(s) XLerate Group
Sellers(s) Trinity Hunt Partners
Barings Private Equity
Deal Type Add-on Acquisition

Target

America s Auto Auction

Dallas, Texas, United States
America's Auto Auction is a wholesale automobile auction company offering a full spectrum of remarketing services for both buyers and sellers of used vehicles. America's Auto Auction was formed in 2005 and is based in Dallas, Texas.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

XLerate Group

Carmel, Indiana, United States
Category Company
Founded 2010
Sector Business Services
DESCRIPTION

XLerate Group is an auction and remarketing facilitation company facilitating transactions between buyers and sellers at its Internet-enabled physical and private label remote sales in California, Texas, Florida, South Carolina, Michigan, Wisconsin, Georgia, Illinois, and Pennsylvania. XLerate Group was founded in 2010 and is based in Carmel, Indiana.

DEAL STATS #
Overall 13 of 14
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 12 of 13
State (Texas) 3 of 4
Country (United States) 13 of 14
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-17 Clark County Auto Auction

Jeffersonville, Indiana, United States

Clark County Auto Auction specializes in the sale of bank and finance company repossessions, lease remarketing, rental car fleets, new car dealership trades, used car dealership trades, donated vehicles, government vehicles, and corporate fleets. Clark County Auto Auction was founded in 1982 and is based in Jeffersonville, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Auction Credit Enterprises

Dallas, Texas, United States

Auction Credit Enterprises is a floor plan finance company that provides short-term, asset-backed inventory financing to dealers who buy auction vehicles. Auction Credit Enterprises was founded in 2006 and is based in Dallas, Texas.

Buy -

Seller(S) 2

SELLER

Trinity Hunt Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Trinity Hunt Partners is a private equity firm focused on investing in lower middle-market companies throughout US. Trinity targets established companies with EBITDA of $4 to $25 million and investment size between $15 and $70 million of equity invested into each portfolio company. Specific areas of interest include business, healthcare, and consumer services. The Firm focuses on majority and significant minority recapitalizations, buy-and- builds, management buyouts. Trinity Hunt Partners was founded in 1993 and is based in Dallas, Texas.

DEAL STATS #
Overall 16 of 21
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Texas) 8 of 11
Country (United States) 16 of 20
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 FLEET Response

Englewood, Colorado, United States

FLEET Response is a provider of residential and commercial restoration, mitigation and repair services with locations across the U.S. To date, Fleet Response has developed hubs in the Pacific Northwest, Midwest and Southwest through partnerships with leading restoration services businesses in these regions. FLEET Response was founded in 2020 and is based in Englewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Auction Credit Enterprises

Dallas, Texas, United States

Auction Credit Enterprises is a floor plan finance company that provides short-term, asset-backed inventory financing to dealers who buy auction vehicles. Auction Credit Enterprises was founded in 2006 and is based in Dallas, Texas.

Sell -
SELLER

Barings Private Equity

Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 5.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 37 of 37
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 23 of 23
State (Texas) 2 of 2
Country (United States) 33 of 33
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Renovation Brands

Florence, Alabama, United States

Renovation Brands is a distributor and retailer of electric fireplaces, electric heating appliances, customized fireplace mantels, and outdoor heating products. Renovation Brands was founded in 2002 and is based in Florence, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 USA Industries

South Houston, Texas, United States

USA Industries is a manufacturer of piping maintenance products, serving blue-chip refining, petrochemical, chemical, industrial, OEM, engineering, procurement, and construction customers. USA Industries was founded in 1982 and is headquartered in South Houston, Texas.

Buy -
Mergr

Product

Company

Legal