Back America’s Auto Auction Announces Acquisition of Auction Broadcasting Company
America’s Auto Auction, a wholesale automobile auction company and portfolio company of Trinity Hunt Partners, today announced the acquisition of Auction Broadcasting Company, a full-service auto auction company based in Indianapolis, Indiana. The acquisition creates one of the largest privately-held wholesale auto auction platform in the U.S., increasing America’s Auto Auction’s market presence to 19 locations across the country.
“This acquisition further establishes us as a leading automobile auction company in the country,” said Ben Lange, CEO of America’s Auto Auction. “This consolidation will allow greater potential for dealers, fleet and lease, and institutional customers, and the culture of both companies is built around providing quality service to our customers and employees.”
Auction Broadcasting Company was founded by Mike Hockett in 2000. The family-owned company has locations in Baton Rouge, Louisiana; Birmingham, Alabama; Bowling Green, Kentucky; Toledo, Ohio; Lancaster, Pennsylvania; St. Louis, Missouri; and Virginia Beach, Virginia.
“When we began our partnership with America’s Auto Auction, we set out to enhance the range of services provided and increase the company’s national footprint,” said Dan Dross, managing partner of Trinity Hunt. “This add-on acquisition is an ideal fit that achieves both objectives. We are excited to continue helping Ben and his team grow organically, as well as through strategic acquisitions.”
Trinity Hunt acquired a majority share of America’s Auto Auction and a minority stake in Auction Credit Enterprise in April 2015. To learn more about its partnership with America’s Auto Auction, contact Dan Dross at 214-777-6601 or ddross@trinityhunt.com.
About Trinity Hunt Partners
Trinity Hunt Partners is a Dallas-based private equity firm investing in established middle-market companies that are valued between $25 million and $150 million, where additional capital and operating resources can accelerate growth. The firm considers investment opportunities within a select group of sectors where it has developed domain expertise, including B2B business services, industrial growth, non-cyclical consumer and healthcare services. For more information on Trinity Hunt Partners, visit www.trinityhunt.com.