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Chris Burton Named President of Auction Credit Enterprises and XL Funding

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Carmel, IN and Dallas, TX, February 24, 2022 – XLerate Group (XLerate), the parent company of America’s Auto Auction (AAA), Auction Credit Enterprises (ACE), XLerate Auctions and XL Funding (XLF), has named Chris Burton President of Auction Credit Enterprises and XL Funding, bringing both floor plan finance companies under common leadership. Burton previously served as […]

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Brightstar Capital Partners- Backed XLerate to Join Forces with America’s Auto Auction: Combination Creates a Major Player in Vehicle Auction Market

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Carmel, IN and Dallas, TX, December 22, 2021 – XLerate Group (“XLerate”), a leading nationwide vehicle auction and remarketing company owned by affiliates of Brightstar Capital Partners (“Brightstar”), announced today that it has signed a definitive agreement to acquire America’s Auto Auction (“AAA”), another leading vehicle auction provider. The strategic combination of XLerate and AAA […]

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Brightstar Capital Partners Completes Acquisition of XLerate Group

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New York and Carmel, IN , September 28, 2021 – Brightstar Capital Partners (“Brightstar”), a private equity firm focused on partnering with families, founders, entrepreneurs and management teams, announced today that it has completed its acquisition of XLerate Group (“XLerate” or the “Company”), a leading nationwide car auction and remarketing facilitation company, in partnership with […]

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