M&A Deal Summary

XLerate Group Acquires Grand Rapids Auto Auction

On May 11, 2016, XLerate Group acquired business services company Grand Rapids Auto Auction

Acquisition Highlights
  • This is XLerate Group’s 3rd transaction in the Business Services sector.
  • This is XLerate Group’s 4th transaction in the United States.
  • This is XLerate Group’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2016-05-11
Target Grand Rapids Auto Auction
Sector Business Services
Buyer(s) XLerate Group
Deal Type Add-on Acquisition

Target

Grand Rapids Auto Auction

Jenison, Michigan, United States
Grand Rapids Auto Auction is a full service auto auction dealer.

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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 4 of 14
Sector: Business Services M&A 3 of 9
Type: Add-on Acquisition M&A Deals 4 of 13
State: Michigan M&A 2 of 2
Country: United States M&A 4 of 14
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 Schoolcraft Auto Auction

Schoolcraft, Michigan, United States

Schoolcraft Auto Auction, Inc. (dba Greater Kalamazoo Auto Auction) is a provider of auto auctions services in the Midwest.

Buy -
FOLLOWING 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 -