GSBAA, which services dealers and consignors in Louisiana, Texas and Arkansas, is the XLerate Group's 10th acquisition. It operates under 14 auction brands with fixed site and mobile sales in California, Florida, Georgia, Illinois, Louisiana, Michigan, New Mexico, Pennsylvania, South Carolina, Texas and Wisconsin.
"GSBAA is the latest step in XLerate's strategy to grow our business, footprint and service offerings by acquiring high-quality independent sales with strong operating management and demonstrated high service levels," XLerate's CEO Cam Hitchcock said in the release. "Steve Chiasson and Keith Hightower started GSBAA in 2008 and have since expanded and relocated the sale."
Matt Chiasson, son of GSBAA co-founder Steve Chiasson, will continue to run GSBAA as its GM. Chuck Tapp, executive vice president of XLerate, said, "Matt is a proven operator with a keen focus on customer service. He has an intimate knowledge of the regional customer base and their expectations."
"GSBAA's customers and employees will be well served by the resources and depth of product offerings that come with being part of the XLerate Group," added Matt Chiasson. Steve Chiasson, co-owner of GSBAA, said, "Joining the XLerate Group gives GSBAA capabilities and relationships it did not have as a single auction."
GSBAA has dealer consignment and fleet/lease sales each Wednesday at its Shreveport facility. The auction operates a four-lane arena and wash bay on about 23 acres.