INDIANAPOLIS and KALAMAZOO, Mich. –
XLerate Group has acquired Greater Kalamazoo Auto Auction. With its purchase of GKAA, the auction family formerly known as American Auto Auction Group now has seven members.
“With the addition of GKAA, XLerate continues the objective of growing our business by acquiring quality independent sales to enhance our auction family offering,” said XLerate chief executive officer Cam Hitchcock.
“This acquisition bolsters XLerate’s presence in the key Midwest market. We are honored that the Devries family entrusts us with its legacy and very much look forward to working with them over the coming years,” Hitchcock said.
GKAA founder Don Devries added: “Our family looks forward to seamlessly joining the XLerate family of auctions, widely recognized for superior customer service and business integrity. Combining the companies will benefit our customers and employees as well as enhancing the existing quality brand of XLerate auctions.”
GKAA — located on about 50 acres in Schoolcraft, Mich., just south of Kalamazoo — hosts fleet, lease, financial institution and dealer consignment sales every Thursday and includes an eight-lane arena, nine-bay reconditioning facility, and mechanical shop.
Source URL (retrieved on 01/21/2021 – 4:42pm): https://www.autoremarketing.com/wholesale/xlerate-acquires-greater-kalamazoo-auto-auction