ADESA has signed an agreement to acquire Sanford Auto Dealers Exchange (SADE) in Sanford, Fla., the company announced.

This location joins four other ADESA auctions in the region: ADESA Sarasota, ADESA Tampa, ADESA Jacksonville, and ADESA Ocala.

"The addition of Sanford Auto Dealers Exchange expands our geographic footprint in the large, robust car market in central Florida," said ADESA President and CEO Stéphane St-Hilaire. 

The 70-acre facility is located just north of Orlando, near the I-4 and 417 Greenway. It has six fully automated auction lanes, along with full-service reconditioning facilities, including a body shop and mechanic shop. The auction will be renamed ADESA Orlando, and Mike Tumminello, president of SADE, will remain as general manager.

This transaction includes The Ocala Auto Dealers Exchange (OADE) in Ocala, Florida. This auction will merge and move to the ADESA Ocala location. The closing of this transaction is subject to customary conditions and is expected to close in the second quarter of 2016.