May 29, 2022

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Harris Williams Advises America’s Auto Auction and Auction Credit Enterprises on Their Sale to XLerate Group

RICHMOND, Va., January 05, 2022–(Business WIRE)–Harris Williams, a worldwide investment decision bank specializing in M&A advisory products and services, announces it recommended America’s Automobile Auction (AAA) and Auction Credit Enterprises (ACE), portfolio firms of Trinity Hunt Companions (Trinity Hunt), on their sale to XLerate Group (XLerate), a portfolio enterprise of Brightstar Money Partners (Brightstar). AAA is a foremost auto auction provider headquartered in Dallas, and ACE is a car or truck financing provider. The transaction was led by the Harris Williams Transportation & Logistics (T&L) Group, such as Jershon Jones, Jason Bass and George Stephenson.

“AAA has built an amazing platform with a solid track record for delivering most effective-in-course car remarketing products and services,” said Jershon Jones, a handling director at Harris Williams. “It was a enjoyment working with the teams at AAA, ACE and Trinity Hunt on this transaction, and we look ahead to seeing the firms keep on to prosper in partnership with XLerate and Brightstar.”

“The AAA and ACE transaction highlights investors’ ongoing fascination in platforms of scale in the automotive sector and represents a different fantastic consequence for the Harris Williams T&L Team,” additional Jason Bass, a controlling director at Harris Williams.

AAA is a primary complete-provider automobile auction expert services service provider that facilitates the remarketing of motor vehicles. Centered in Dallas, AAA facilitates the marketing and buying of cars, largely by way of 23 physical auction internet sites throughout 15 states. The enterprise also has a funding affiliate, ACE.

Trinity Hunt is a advancement-oriented center sector private fairness organization concentrated on partnering with business enterprise owners to make environment-class organization, healthcare and purchaser solutions providers. With more than $1.2 billion of assets beneath administration, Trinity Hunt has gained a track record for furnishing the strategic, operational and economical knowledge to consider entrepreneurial products and services businesses to the upcoming degree.

XLerate is a main total-assistance auction companies service provider that facilitates the remarketing of motor vehicles, offering a vital liquidity purpose to the car sales ecosystem. Primarily based in Carmel, Indiana, XLerate facilitates the marketing and purchasing of vehicles at actual physical auction internet sites across 13 states as very well as on electronic platforms. The firm also has a whole-support funding affiliate, XL Funding. The firm’s day-to-day mission is basic and simple: provide the best quality company and operational execution for sellers and institutional customers.

Brightstar is a personal fairness organization targeted on partnering with outstanding family members, founders, business people and management groups wherever the agency is ideally positioned to drive price generation. Brightstar employs an operationally intense strategy that leverages its considerable encounter and romantic relationship community to assistance companies arrive at their comprehensive prospective.

Harris Williams, an financial commitment lender specializing in M&A advisory solutions, advocates for sellers and consumers of companies throughout the world through critical milestones and offers thoughtful information in the course of the lives of their enterprises. By collaborating as a single agency across Marketplace Teams and geographies, the firm assists its customers realize results that support their objectives and strategically build benefit. Harris Williams is dedicated to execution excellence and to creating enduring, valued interactions that are primarily based on mutual have faith in. Harris Williams is a subsidiary of the PNC Economical Expert services Group, Inc. (NYSE: PNC).

The Harris Williams Transportation & Logistics Group serves firms in a broad variety of eye-catching niches, like 3rd-get together logistics (3PL), automotive and hefty-duty automobile, transportation products, and truck, rail, marine and air transportation. For far more facts on the firm’s T&L Team and other current transactions, go to the T&L Group’s segment of the Harris Williams internet site.

Harris Williams LLC is a registered broker-supplier and member of FINRA and SIPC. Harris Williams & Co. Ltd is a personal confined firm integrated under English law with its registered office environment at 8th Ground, 20 Farringdon Street, London EC4A 4AB, British isles, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Economic Carry out Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the nearby courtroom of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Primary, Germany (email handle: [email protected]). Geschäftsführer/Administrators: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade title beneath which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct enterprise.

Perspective supply variation on businesswire.com: https://www.businesswire.com/news/residence/20220105005729/en/

Contacts

Julia Moore
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