The XLerate Group has acquired Southeastern Auto Auction in Savannah, Ga., and Morton Auto Auction in Morton, Ill., the auction provider has announced. The group now operates 21 auctions in eight states.
Southeastern Auto Auction, which sees volume from dealers and fleet/lease consignors, is XLerate's second regional acquisition in the South Carolina-Georgia corridor. XLerate alum and current auction operator Bill McCready will continue in his role. He previously served as the assistant general manager of Charleston Auto Auction.
"We are pleased to welcome Bill back to the XLerate family officially," said Chuck Tapp, executive vice president of XLerate. "He is a proven operator with a laser focus on customer service. He has an intimate knowledge of the regional customer base as well as a great track record with commercial consignors."
The auction has dealer consignment, fleet/lease, and financial institution sales each Wednesday at its Savannah facility, as well as a weekly public sale on Thursday. The auction operates a four-lane arena and reconditioning facility on approximately 15 acres.
XLerate also acquired Morton Auto Auction, which has been owned and operated by the Krupa family since 2006. It's the company's fifth Midwest auction.
The auction has served "a broad swath of dealers" in five states since 1978, as well as key commercial consignors, according to XLerate.
"Adding MAA to the XLerate family helps solidify our Midwest footprint and adds another highly respected independent operator to our management team," said CEO Cam Hitchcock. "Steve and Ted Krupa have owned and grown the sale since purchasing it in 2006 from the Weihmeir family, MAA's co-founders. Steve is quite active in key industry groups and associations, promoting and protecting the interest of his independent auction constituents."
Steve Krupa and Shawn Glatz, general manager, will continue to operate the auction, which has dealer consignment, fleet/lease, and financial institution sales each Wednesday at its 22-acre facility.
XLerate Group now operates under twelve auction brands with sales in California, Florida, Georgia, Illinois, Michigan, Pennsylvania, South Carolina, Texas, and Wisconsin.