American Auto Auction Group (AAAG) announced that Chuck Tapp, CEO of Primeritus Financial Services, has joined its Board of Directors. AAAG is a dealer-centric auction group with physical and private label sale operations in California, Texas, Florida, South Carolina, Mississippi and Wisconsin. AAAG was recently acquired and recapitalized by Huron Capital Partners, a Detroit-based private equity firm, and AAAG management.
“Chuck Tapp has more than 25 years of experience in all facets of the automotive remarketing industry, building high performance teams and companies,” said Cam Hitchcock, CEO of American Auction Group (AAAG). Prior to co-founding Primeritus Financial Services in 2012, Chuck had been a senior executive at Openlane, ADESA, Banc One Credit Company, Drivers Mart and Alamo Rent-A-Car. Hitchcock continued, “Our management team and Huron are very excited to work with Chuck and benefit from his insight into the dynamic auction industry and AAAG’s strategy to capitalize on its growth initiatives.”
“I look forward to working with Huron and the AAAG management team. Their auctions have a reputation for superior customer service,” said Tapp. “I’m confident that my experience will allow me to contribute significantly to the Board.”
Huron Capital Senior Partner Peter Mogk commented, “Chuck’s deep industry experience and track record will allow him to be a great resource and sounding board for the AAAG Board. We very much look forward to working with him.”