Greater Kalamazoo Auto Auction

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Greater Kalamazoo Auto Auction - overview

Established

1976

Location

-, MI, US

Primary Industry

Retail

About

Greater Kalamazoo Auto Auction is a wholesale auction platform specializing in the buying and selling of vehicles, offering both live and online auction services to automotive dealers and other clients. Founded in 1976 and headquartered in Kalamazoo, Michigan, Greater Kalamazoo Auto Auction operates as a wholesale auction platform. In May 2015, it was acquired by American Auto Auction Group, LLC, which is backed by Huron Capital Partners and Trinity Hunt Partners. Currently, there is no information available about the founder or CEO.


America's Auto Auction Greater Kalamazoo primarily operates as a wholesale auction platform, providing services designed to facilitate the buying and selling of vehicles. The company specializes in offering live auctions, both in-lane and online, through its Edge Simulcast technology, allowing dealers to participate from remote locations. Core services include vehicle reconditioning, title processing, condition reporting, paintless dent repair, and vehicle detailing. They cater to automotive dealers, fleet management companies, and financial institutions in the Midwest, serving regions such as Michigan, Indiana, and Ohio.


America's Auto Auction Greater Kalamazoo generates revenue through transaction fees associated with vehicle sales at its auctions, along with additional fees for services such as reconditioning and inspections. Fees are structured based on the sale price of the vehicles, operating on a commission basis where sellers incur listing costs and buyers may pay a buyer's premium. This revenue model effectively links vehicle sellers with a diverse pool of buyers. Following its acquisition in May 2015, Greater Kalamazoo Auto Auction aims to enhance its operational capacity.


While specific upcoming products and services have not been disclosed, the company is expected to leverage new strategies to improve auction efficiency. No explicit plans for expansion into new geographical markets have been announced, but the company's established presence in the Midwest suggests a potential focus on regional growth. The recent acquisition may provide an opportunity to invest in technology and service improvements.


Current Investors

XLerate Group

Primary Industry

Retail

Sub Industries

Automobile Dealerships

Website

www.kalamazooaa.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Greater Kalamazoo Auto Auction - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedGreater Kalamazoo Auto Auction-

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