ADESA Acquires Six Auctions & Breaks Ground on New Facility


CARMEL, Ind. - 

While also breaking ground on a brand new site, ADESA revealed a significant acquisition late Wednesday as the auction company secured six facilities from the Premier Auction Group.

Included in ADESA’s acquisition are Bay Auto Auction in Bay City, Mich.; Dealers Auto Auction of Michigan in Clare, Mich.; East Tennessee Auto Auction in Fall Branch, Tenn.; Montpelier Auto Auction in Montpelier, Ohio; Premier’s Las Vegas Auction in North Las Vegas; and Wisconsin Auto Auction in Lomira, Wis.

To strengthen the transition, ADESA executives indicated Bob Hubregsen, president of the Premier Auction Group, will serve as a vice president for ADESA.

“I look forwarding to joining the ADESA team and continuing to offer the highest level of service possible to current and new customers alike,” Hubregsen stated.

Company officials insist this acquisition of PAG’s auctions strategically complements ADESA’s dealer consignment initiative and strengthens the company’s footprint in Michigan, Tennessee, Ohio and Wisconsin.

Furthermore, they believe it also provides ADESA with the addition of a specialty sale less than two miles from the construction of the company’s new greenfield auction, ADESA Las Vegas.

Over time, ADESA pointed out these six locations will be integrated into its current infrastructure and resources. Ultimately, management said these six sites should offer the full scope of ADESA’s product and service offerings.

“The acquisition of the Premier Auction Group demonstrates our commitment to increasing our dealer consignment business and enhancing the scale of our offerings to our national consignors,” noted ADESA president and chief executive officer Tom Caruso.

“This acquisition, along with the construction of a new auction in Las Vegas, highlights ADESA’s focus on growing our position in the North American market,” Caruso added.

ADESA Breaks Ground on New Auction Facility in Las Vegas

In other breaking news coming out late Wednesday, ADESA announced that it is beginning work on a major construction project in Las Vegas with a brand-new whole car auction facility.

Named ADESA Las Vegas, officials said that the site is located just 10 miles North of the famous Las Vegas strip. It is being designed to firmly establish ADESA in the nation’s 28th largest metropolitan area.
Along with a prime location, the company emphasized this greenfield auction is expected to have full detailing capabilities, a complete reconditioning shop, body shop and mechanic shop. ADESA also mentioned all auction lanes should be equipped with digital and audio feeds for online auction capability and Automotive Finance Corp. is set to be located on-site.
Other customer amenities are to include a full-service cafeteria and dealer lounge equipped with online workstations for easy access to inventory on LiveBlock and DealerBlock.
ADESA is currently scheduled to begin marshalling vehicles for a major consignor at ADESA Las Vegas later this month.
Officials believe the new facility should be open for business in the spring of next year.
“The addition of ADESA Las Vegas will allow us to expand our geographic footprint in a major market that ADESA previously did not have a presence,” Caruso stated.
“This facility will enable us to enhance our offerings to both our national consignors as well as local dealers in this region,” he concluded.

Comments

Here ya go!

Great for Adesa, the consignors, the buyers and the public at large who will be the ultimate recipients of todays efforts for tomorrows future. If other companies would show such confidence in these times then these times would change for the better. Congrats Adesa ... Roll on America!

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