About XLerate Group
XLerate Group is a Transportation, Automotive & Logistics company based in Indianapolis (United States) founded in 2010, and was acquired by Brightstar Capital Partners in September 2021. Automotive auctions and remarketing facilities are provided nationwide. XLerate Group has completed 11 acquisitions, including AuctionCredit, Bossier Auto Auction and Clark County Auto Auction. Its chief executive, as recorded, is Chuck Tapp. XLerate Group offers products and services including Auto Auctions, Online Marketplace, and Mobile Auctions. Its focus areas include Auto, Auto Retail & Aftersales, Dealership and Cars. Its competitors include Carvana, Copart and Vroom; 2 of its 3 listed competitors have raised funding.
Company details
XLerate Group was founded in 2010 and is headquartered in Indianapolis, United States. Operations focus on the automotive sector, where auction services and remarketing facilities are managed for vehicle distribution. Core activities include facilitating sales through physical and digital platforms, supporting dealers and fleet operators across the country. Leadership is provided by CEO Chuck Tapp, with emphasis placed on efficient inventory turnover and market access.
- Headquarters Indianapolis, United States
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website xlerategroup.com
- Social LinkedIn Facebook
- Acquired by Brightstar Capital Partners (Sep 2021)
- InvestorsBrightstar Capital Partners
& 1 more
- Investments & AcquisitionsAuctionCredit
& 10 more
- Acquired by
Products & Services of XLerate Group
XLerate Group offers a comprehensive portfolio of products and services, including Auto Auctions, Online Marketplace, and Mobile Auctions.
Platform for buying and selling vehicles at live and online auctions
Service for sourcing and selling vehicles digitally anytime
App-based system for vehicle auctions on dealer lots
Funding Insights of XLerate Group
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of XLerate Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2014 | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in XLerate Group
XLerate Group has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Brightstar Capital Partners and Huron Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Huron Capital is engaged in private equity investments in North American services businesses. | 1999 | huroncapital.com | Detroit, United States | |
Private equity firm focused on business services, consumer, industrial, government services, and technology sectors | 2015 | brightstarcp.com | New York, United States |
Investor details for XLerate Group
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People of XLerate Group
13 people are tracked at XLerate Group (1 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Chuck Tapp | CEO | Leadership |
Johanna Studzinski | National Account Manager | Team |
Chris Monfreda | Outside Sales | Team |
Samantha Corman | Acccounts Payable | Team |
Renee Noto | Board Member | Team |
Peter Mogk | Board Member | Team |
Annie H. | Social Media Marketing | Team |
Tamara Noble Farris | Sales / Internet Sales / Dealer Registration / Customer Service | Team |
Gyna Santana | Sales Account Manager And Customer Relations Representative | Team |
James Jacobs | Reconditioning Manager | Team |
Hannah Rompf | Outside Sales Specialist | Team |
Lori Bendy | Business Consultant | Team |
Leeann Lacarbonara | Accounting Clerk | Team |
Complete people profiles for XLerate Group
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Investments & Acquisitions by XLerate Group
XLerate Group has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include AuctionCredit, Bossier Auto Auction and Clark County Auto Auction.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Term loans are extended to small and medium enterprises. | auctioncredit.com | Dallas, United States | 2006 | Jan 2022 | •••• | |
Automotive aftermarket accessories are manufactured for vehicle enhancement. | clarkcountyautoauction.com | Jeffersonville, United States | 1982 | Sep 2021 | •••• | |
Automotive aftermarket accessories are manufactured for various vehicle enhancements. | gsbautoauction.com | Shreveport, United States | 2006 | Sep 2021 | •••• | |
Internet marketing solutions are offered to automotive dealerships. | liquidmotors.com | Richardson, United States | 2005 | Jul 2021 | •••• | |
Auto auction services are provided in Columbus, United States. | cfaa.com | Columbus, United States | 1959 | Oct 2019 | •••• | |
Used and salvage cars are auctioned through an online marketplace. | southeasternaa.com | Savannah, United States | 1987 | Jan 2019 | •••• | |
Offers auto auction services | mortonaa.com | Morton Grove, United States | 1978 | Jan 2019 | •••• | |
B2C car auctions are provided via an online marketplace. | corryade.com | Corry, United States | 1946 | Mar 2017 | •••• | |
Online marketplace for automotive vehicle sales is facilitated. | tlsaa.com | Austin, United States | 2001 | Dec 2016 | •••• | |
Marketplace for selling of cars | epiaa.com | El Paso, United States | 2010 | Jun 2016 | •••• |
Complete acquisition details for XLerate Group
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Timeline of XLerate Group
14 dated milestones of XLerate Group across 12 years, from founding to its latest funding, stage changes and deals.
- Founded XLerate Group is founded.
- Funding First funding round.
- Exit Acquired by Huron Capital.
- Acquisition Acquires Epi El Paso.
- Acquisition Acquires Texas Lone Star Auto Auction Austin.
- Acquisition Acquires Corry Auto Dealers Exchange.
- Acquisition Acquires Morton Auto Auction.
- Acquisition Acquires Southeastern Auto Auction.
- Acquisition Acquires Columbus Fair Auto Auction.
- Acquisition Acquires Liquid Motors.
- Exit Acquired by Brightstar Capital Partners.
- Acquisition Acquires Bossier Auto Auction.
- Acquisition Acquires Clark County Auto Auction.
- Acquisition Acquires AuctionCredit.
Competitors of XLerate Group
XLerate Group has 3 listed competitors in our database, 2 of them funded. They include Carvana, Copart and Vroom.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| carvana.com | 2012 | Phoenix, United States | $460M | 37,296 | Pre-owned vehicles are sold online with financing and valuation services. | |
| copart.com | 1982 | Dallas, United States | 10,200 | Used and salvaged vehicles are offered via an online marketplace. | ||
| vroom.com | 2013 | New York, United States | $707.61M | 1,613 | Used cars are purchased and resold online through Vroom's platform. |
Detailed competitors of XLerate Group
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Related news about Xlerate Group
Complete news archive for XLerate Group
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Frequently Asked Questions about XLerate Group
XLerate Group was founded in 2010 and raised its 1st funding round 4 years after it was founded.
XLerate Group is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
Chuck Tapp is the CEO of XLerate Group, as recorded in our data.
XLerate Group was founded in 2010 and is headquartered in Indianapolis, United States. Operations focus on the automotive sector, where auction services and remarketing facilities are managed for vehicle distribution. Core activities include facilitating sales through physical and digital platforms, supporting dealers and fleet operators across the country. Leadership is provided by CEO Chuck Tapp, with emphasis placed on efficient inventory turnover and market access.
XLerate Group offers Auto Auctions, Online Marketplace, and Mobile Auctions.
XLerate Group has made 11 acquisitions, including AuctionCredit, Bossier Auto Auction, and Clark County Auto Auction.
XLerate Group has 2 investors. Key investors include Brightstar Capital Partners, and Huron Capital.
Yes. XLerate Group was acquired by Brightstar Capital Partners in September 2021.