The XLerate Group has acquired Columbus Fair Auto Auction, which joins XLerate’s group of auctions. This transaction bolsters the Indianapolis-based company’s presence in the critical Midwestern market and its capabilities to service large fleet/lease and financial institution customers.
CFAA’s principal owner Alexis Jacobs said that “Joining the XLerate group is the right choice for CFAA’s customers and employees. We identified a cultural match that felt comfortable for both our employees and our customers. The support and resources that the XLerate offers to its auction family were key factors in my decision to sell to XLerate. My auction family is excited to join a high quality, high integrity group of operators who share our commitment to providing superior customer experience and a powerful commitment to the communities where they operate.”
CFAA has been in continuous operation since 1958 and features financial institution, fleet/lease and dealer consignment sales at its Obetz location. The auction operates an 11-lane arena, reconditioning facility, body shop and mechanical shop situated on approximately 154 acres.
XLerate is an auction provider with sites in California, Florida, Georgia, Illinois, Michigan, Ohio, South Carolina, Pennsylvania, New Mexico, Texas and Wisconsin as well as private-label auctions across multiple markets.