The XLerate Group has acquired Columbus Fair Auto Auction (CFAA), the group now operates under thirteen auction brands.
Other XLerate locations operate in California, Florida, Georgia, Illinois, Michigan, New Mexico, Pennsylvania, South Carolina, Texas, and Wisconsin.
“This acquisition bolsters XLerate’s presence in the critical Midwestern market and our capabilities to service large fleet/lease and financial institution customers,” said XLerate’s CEO Cam Hitchcock. “We are excited that Greg Levi and his team will join XLerate’s highly talented management group. XLerate’s team will benefit from Greg’s deep experience in consignor compliance and digitally-enabled sales platforms.”
CFAA has operated since 1958 and features financial institution, fleet/lease, and dealer consignment sales each Wednesday at its Obetz, Ohio location.
The auction stands atop 154 acres and operates an 11-lane arena, reconditioning facility, body shop, and mechanical shop.