The XLerate Group has acquired Lone Star Auto Auction (LSAA) in Lubbock, Texas. The independent auction joins XLerate’s existing Texas locations in Dallas, Austin, according to XLerate.
“LSAA represents yet another step in XLerate’s plan to grow our business, footprint and service offerings by acquiring high quality independent sales with strong management," said Cam Hitchcock, XLerate CEO. "Formerly owned by Jim McNulty, LSAA is the dominant auction in West Texas and offers both dealer and commercial consignors another turnkey XLerate option in the critical Texas market."
LSAA commenced operations in 1985. LSAA has dealer consignment, fleet/lease, and financial institution sales each Wednesday at its facility. The auction operates a seven-lane arena, reconditioning facility, and mechanical shop situated on approximately 111 acres.
“Joining the XLerate Group is exciting for me, and for the LSAA auction family,” said Dale Martin, LSAA general manager. “A geographically diverse group of sales like XLerate will provide a wide-range of growth opportunities for both our employees and our business.”