M&A Deal Summary

XLerate Group Acquires Auction Credit Enterprises

On January 5, 2022, XLerate Group acquired financial services company Auction Credit Enterprises from Trinity Hunt Partners

Acquisition Highlights
  • This is XLerate Group’s 1st transaction in the Financial Services sector.
  • This is XLerate Group’s 14th transaction in the United States.
  • This is XLerate Group’s 4th transaction in Texas.

M&A Deal Summary

Date 2022-01-05
Target Auction Credit Enterprises
Sector Financial Services
Buyer(s) XLerate Group
Sellers(s) Trinity Hunt Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

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.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

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 14 of 14
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 13
State: Texas M&A 4 of 4
Country: United States M&A 14 of 14
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-30 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.

Buy -

Seller(S) 1

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 17 of 22
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 6
State: Texas M&A 9 of 12
Country: United States M&A 17 of 21
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-30 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 SpineOne

Lone Tree, Colorado, United States

SpineOne Medical Center is a regional medical center for minimally invasive spine care and has treated thousands of people in Colorado and surrounding states for back and/or neck pain. SpineOne was founded in 2000 and is based in Lone Tree, Colorado.

Buy -