M&A Deal Summary

XLerate Group Acquires Southeastern Auto Auction

On January 11, 2019, XLerate Group acquired business services company Southeastern Auto Auction

Acquisition Highlights
  • This is XLerate Group’s 5th transaction in the Business Services sector.
  • This is XLerate Group’s 7th transaction in the United States.
  • This is XLerate Group’s 1st transaction in Georgia.

M&A Deal Summary
Date 2019-01-11
Target Southeastern Auto Auction
Sector Business Services
Buyer(s) XLerate Group
Deal Type Add-on Acquisition

Target

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

Search 201,292 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 7 of 14
Sector (Business Services) 5 of 9
Type (Add-on Acquisition) 6 of 13
State (Georgia) 1 of 1
Country (United States) 7 of 14
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Morton Auto Auction

Morton, Illinois, United States

Morton Auto Auction is an auction and remarketing facilitation company with locations in California, Wisconsin, South Carolina, Pennsylvania, Texas, Michigan, Illinois, Georgia, and Florida, as well as private-label auctions across multiple markets. XLerate also facilitates transactions between buyers and sellers with its Internet-enabled physical and private label remote sales auction technology. Morton Auto Auction is based in Morton, Illinois.

Buy -
Mergr

Product

Company

Legal