America’s Auto Auction, a portfolio company of Trinity Hunt Partners, has acquired Grand Rapids, Michigan-based West Michigan Auto Auction, an auto auction company. No financial terms were disclosed.
America’s Auto Auction, a wholesale automobile auction company and portfolio company of Trinity Hunt Partners, today announced the acquisition of West Michigan Auto Auction, a full-service auto auction company based in Grand Rapids, Michigan. The acquisition continues America’s Auto Auction’s nationwide growth and expands its market presence to 21 locations across the country.
“This acquisition represents a compelling opportunity to add two high-quality auction locations to the America’s Auto Auction platform,” said Ben Lange, CEO of America’s Auto Auction. “We are excited to welcome West Michigan’s employees and customers to our organization, and are impressed by the culture of service already in place at the Company.”
West Michigan Auto Auction was founded in 1996 and was owned by Dan DeVos. The Company has two locations in Grand Rapids and Parma, Michigan, and is one of the largest and fastest growing auto auctions in the Midwest.
“We are excited to continue to build out America’s Auto Auction’s geographic footprint through this acquisition,” said Dan Dross, managing partner of Trinity Hunt. “The acquisition of West Michigan Auto Auction represents the continued execution of the value creation plan we developed in partnership with management when we invested in the Company.”
Trinity Hunt acquired a majority share of America’s Auto Auction in April 2015. To learn more about its partnership with America’s Auto Auction, contact Dan Dross at 214-777-6601 or firstname.lastname@example.org.
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.