Southeastern Auto Auction of Savannah
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Southeastern Auto Auction of Savannah - overview
Established
1986
Location
Savannah, GA, US
Primary Industry
Transportation Services
About
Southeastern Auto Auction of Savannah specializes in facilitating vehicle auctions for various clients, including franchise and independent dealers, through live and online platforms, ensuring efficient transactions and high-quality service. Southeastern Auto Auction of Savannah, founded in 1986 in Savannah, US, is dedicated to vehicle auction services. The company was acquired by XLerate Group in January 2019, though financial terms were not disclosed. The auction house focuses on the southeast United States, serving key markets in Georgia, South Carolina, and Florida.
Southeastern Auto Auction of Savannah offers a broad range of services designed to facilitate vehicle auctions, catering to institutional accounts, franchise dealers, and independent dealers. Their core services include live and online auctions, vehicle inspections, title processing, and repair services such as paintless dent repair and vehicle detailing. Utilizing Edge Simulcast technology, they allow dealers to participate remotely and manage an inventory of over 500 vehicles weekly. Their offerings are structured to meet the needs of dealers for timely vehicle sales and foster buyer confidence with detailed condition reports and post-sale inspections.
The company operates on a transactional revenue model primarily from vehicle auction sales, charging fees to both sellers and buyers based on vehicle sales prices. Revenue is generated during the auction process, initiated by vehicle consignment and subsequent bidding. Additional revenue streams include inspection fees and dent repair services, designed to enhance the overall auction experience. The operational framework emphasizes efficiency and strong customer relations across a wide network of automotive dealers and financial service providers.
There are currently no publicly available details regarding upcoming products or specific geographic expansion plans for Southeastern Auto Auction of Savannah. Following the acquisition by XLerate Group in January 2019, the company may leverage the resources of its parent organization to explore opportunities for growth and market expansion.
Current Investors
XLerate Group
Primary Industry
Transportation Services
Sub Industries
Car Hire Services
Website
www.southeasternaa.com
Verticals
IoT (Internet of Things)
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Southeastern Auto Auction of Savannah - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Southeastern Auto Auction of Savannah | - |
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