CHARLESTON, SC - American Auto Auction Group, LLC (AAAG) is pleased to announce the acquisition of Auctions In Motion, Southern California’s renowned independent auction leader.
The acquisition is in line with AAAG’s strategy to grow its core businesses, increase its market share and expand its geographic footprint from coast to coast. Effective immediately, Auctions In Motion will become part of American Auto Auction Group. The management team will remain in place without changes.
“We are extremely proud and excited to join forces with Auctions In Motion. George Pero and his team have built a company that has earned a national reputation as ‘the auction that comes to the dealer’ while providing superior service and competitive pricing,” says AAAG CEO Bill McIver. “AAAG has also met dealer’s changing needs with more than 10 mobile or ‘Private Label’ auction operations, making this a great fit with our overall corporate business model. The joint strengths and values of both our companies grow from an unsurpassed passion for customer service. This union will benefit our customers, partners and employees."
Auctions In Motion founder and CEO, George Pero, summarizes the key benefits of this agreement: “Auctions In Motion sought a well-capitalized partner with in-depth operational and strategic experience in assisting independently owned auctions to mature and expand. AAAG will allow us to develop the full menu of services we offer customers. We look forward to working with AAAG in the next phase of our growth.”
“Our customers are our most valued assets,” Pero adds. “We are proud to be a part of a talented group that shares our commitment to providing the best resources to support the ever-growing business needs of auto dealers.”
American Auto Auction Group is headed by industry leaders Bill McIver (CEO), Keith Lelux (COO), and Darris McClure (CFO). Headquartered in Charleston, South Carolina, AAAG now includes twenty-four auto auction operations with the addition of Auctions in Motion. The group includes the premier auction properties of Charleston Auto Auction in Moncks Corner, SC; Mid-South Auction in Jackson, MS; Texas Lone Star Auto Auction in Carrollton, TX; Badger State Auto Auction in Fond du Lac, WI; Your Auction in Tampa, Ft. Myers, and Pasco, FL; and Auctions In Motion locations in Pasadena, Santa Ana, Ventura and Thousand Oaks, CA. AAAG also operates Private Label sales at an additional thirteen locations in Florida, Mississippi and Texas.
For additional information about American Auto Auction Group call (843) 579-AUTO or visit www.americanaag.com.
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Originally posted on Automotive Fleet
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