Portfolio
America’s Group
Portfolio
America’s Group
Brightstar Capital Partners completed the acquisition of XLerate Group in September 2021 in partnership with the Company’s senior management team. The Company joined forces with America’s Auto Auction in December 2021 and the combined company became America’s Group in 2022. Brightstar believes the Company is well-positioned to grow and continue to provide quality service to dealers and institutional customers.
INVESTMENT OVERVIEW
HEADQUARTERS
Carmel, IN
YEAR OF INVESTMENT
2021
BRIGHTSTAR BOARD MEMBERS
Gary Hokkanen BOARD CHAIR
Bruce Roberson
Michael Drexler
Andrew Weinberg
Yue Xi
SECTOR
Business Services
America’s Group includes America’s Auto Auction (“AAA”) and Axle Funding, leading nationwide vehicle auction/remarketing and floorplan finance companies. AAA is a leading full-service used-car auction services provider that facilitates the wholesale remarketing of used vehicles for B2B customers, delivering a critical liquidity function to enable the used car sales ecosystem. Based in Carmel, IN, AAA facilitates the selling and buying of used vehicles at physical auction sites across the country as well as on digital platforms. The company’s daily mission is simple and straightforward: provide the highest quality service and operational execution for dealers and institutional customers.
GARY HOKKANEN, PARTNER, BRIGHTSTAR CAPITAL PARTNERS
“ The automotive remarketing sector is poised for tremendous change due to an increased use of technology, evolving vehicle mix and changing expectations from both buyers and sellers. We are enthusiastic about the opportunity to enhance XLerate’s position and its customer experience through our investment and partnership with the XLerate team. ”
GARY HOKKANEN, PARTNER, BRIGHTSTAR CAPITAL PARTNERS
“The automotive remarketing sector is poised for tremendous change due to an increased use of technology, evolving vehicle mix and changing expectations from both buyers and sellers. We are enthusiastic about the opportunity to enhance XLerate’s position and its customer experience through our investment and partnership with the XLerate team.”
CHUCK TAPP, CEO, AMERICA’S GROUP
“ I believe that the men and women of AAA, partnering with Brightstar, are poised to capitalize on opportunities and leverage both our digital and physical auction sites to redefine the remarketing industry. ”
