M&A Deal Summary

XLerate Group Acquires Corry Auto Dealers Exchange

On March 13, 2017, XLerate Group acquired automotive company Corry Auto Dealers Exchange

Acquisition Highlights
  • This is XLerate Group’s 1st transaction in the Automotive sector.
  • This is XLerate Group’s 6th transaction in the United States.
  • This is XLerate Group’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-03-13
Target Corry Auto Dealers Exchange
Sector Automotive
Buyer(s) XLerate Group
Deal Type Divestiture

Target

Corry Auto Dealers Exchange

Corry, Pennsylvania, United States
Corry Auto Dealers Exchange is an owned and operated by the Swift family. CADE services dealers and consignors in six states, and is XLerate's first Pennsylvania-based auction.

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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 6 of 14
Sector (Automotive) 1 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 6 of 14
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 Texas Lone Star Auto Auction

Carrollton, Texas, United States

Texas Lone Star Auto Auction LLC is an online platform that provides auto auction services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-11 Southeastern Auto Auction

Pooler, Georgia, United States

Southeastern Auto Auction has dealer consignment, fleet/lease, and financial institution sales each Wednesday at its Savannah, GA facility as well as a weekly public sale on Thursday. The auction operates a four-lane arena and reconditioning facility on approximately 15 acres

Buy -
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