Portfolio

XLerate

Portfolio

XLerate

Brightstar Capital Partners completed the acquisition of XLerate Group in September 2021 in partnership with the Company’s senior management team. The partnership will help the Company grow and continue to provide quality service to dealers and institutional customers.

Car Auctions XLerate

INVESTMENT OVERVIEW

HEADQUARTERS

Carmel, IN

YEAR OF INVESTMENT

2021

BCP BOARD MEMBERS

Gary Hokkanen BOARD CO-CHAIR

Andrew Weinberg BOARD CO-CHAIR

Joe Bartek

Michael Drexler

Renee Noto

Yue XI

SECTOR

Business Services

EXlerate Logo

XLerate Group (“XLerate”) 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, XLerate facilitates the selling and buying of used vehicles at physical auction sites across 13 states 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.

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Gary Hokkannen

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.

KEVIN MEIER, PRESIDENT, TEXAS WATER SUPPLY

Brightstar’s knowledge of sustainable business practices has helped transform TWS into a diversified wholesale water supply company. Our partnership will help us continue to grow and serve our customers.

CAM HITCHCOCK, CEO, XLERATE

We are thrilled to join forces with Brightstar to scale XLerate even further. Their team’s relationship-driven approach is perfectly suited for the auction industry, and Brightstar’s prior experience in a related vertical and operational acumen will facilitate new opportunities for us.

RAUL DEJU, PARTNER, BRIGHTSTAR CAPITAL PARTNERS

Texas Water Supply is making vital investments to provide a sustainable water supply to the Texas Hill Country region and serve the commercial and residential customers in their communities.

TEXAS WATER SUPPLY

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