The financial underpinnings for the private equity firm investment in America’s Auto Auction and affiliated company, Auction Credit Enterprises, received a boost on Monday.

Babson Capital Management, a leading global asset management firm with more than $217 billion in assets under management, purchased equity interests to support Trinity Hunt Partners' acquisition of AAA and ACE.

Founded in 2005 and based in Dallas, AAA is a wholesale auction company offering a full spectrum of remarketing services for buyers and sellers of used vehicles. The company has 11 facilities.

ACE is a related finance company providing floor-plan financing to dealers who purchase vehicles at auction.

“Trinity Hunt is pleased to partner with Babson on our investments in AAA and ACE," said Daniel Dross, managing partner for Trinity Hunt Partners.

“We value Babson's relationship-oriented approach to investing as well as its core strength in fundamental investment analysis, and we look forward to working with Babson’s team on future opportunities,” Dross continued.

Michael Klofas, managing director and head of Babson’s mezzanine and private equity group, explained why the firm made this decision.

“Babson is excited to broaden our partnership with Trinity Hunt through our support of the AAA and ACE investment,” Klofas said.

“Trinity Hunt has a proven track record of working with management to help companies realize their growth potential, and we believe the prospects for AAA and ACE are very attractive given favorable industry trends and opportunities to grow organically,” Klofas went on to say.