The XLerate Group added a new member to its auction family today, as it announced the acquisition of Grand Rapids Auto Auction (GRAA). The Michigan auction joins XLerate’s established group of auctions with physical and satellite sale operations in California, Texas, Florida, South Carolina, Michigan, and Wisconsin.
“With the addition of GRAA, XLerate continues to execute on its plan to grow our business and its service offering by acquiring quality independent sales. GRAA is highly respected and will be a phenomenal complement to XLerate’s Greater Kalamazoo Auto Auction,” said Cam Hitchcock, XLerate’s CEO.
GRAA has been in continuous operation since 1948 and features financial institution, fleet/lease, and dealer consignment sales each Tuesday at its Grand Rapids, Mich. location.
“Joining the XLerate group is a great thing for GRAA’s customers and employees. The support and resources that the XLerate Group offers to its auction family allow me to better focus on building my business and serving GRAA’s customers,” said Mark Capel, GRAA’s principal owner.