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Xlerate Group Acquires Clark County Auto Auction

Sep 18, 2021•almost 4 years ago

Acquiring Company

The Xlerate Group

Acquired Company

Clark County Auto Auction

OtherSoftware

Description

The XLerate Group announces the addition of the newest member to its auction family with the acquisition of Clark County Auto Auction (CCAA). CCAA is run by the third generation of the Fetter family and is well known and highly respected by regional dealers and increasingly by national consignors, too. XLerate Group now operates under fifteen auction brands with fixed-site and mobile sales in California, Florida, Georgia, Illinois, Indiana, Louisiana, Michigan, New Mexico, Pennsylvania, South Carolina, Texas, and Wisconsin.

Company Information

Company

The Xlerate Group

About

XLerate Group is a leading full-service used-car auction services provider that facilitates the wholesale remarketing of used vehicles for B2B customers, delivering a critical liquidity function to for the used car sales ecosystem. Based in Carmel, IN, XLerate facilitates the selling and buying of used vehicles at physical auction sites across 13 states as well as on digital platforms. The Company also has a full-service dealer floorplan affiliate, XL Funding. The company's daily mission is simple and straightforward: provide the highest quality service and operational execution for dealers and institutional customers. For more information, please visit https://www.xlerategroup.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed