CARMEL, Ind. -

Less than a month after purchasing all eight Brasher's auctions, ADESA has made yet another big auction purchase move and signed a definitive agreement to buy Sanford Auto Dealers Exchange.

The auction is located in Sanford, Fla. ADESA now has five locations in this region, including ADESA Sarasota, ADESA Tampa, ADESA Jacksonville and ADESA Ocala.

ADESA said in its news release that the auction will change names to ADESA Orlando.

SADE president Mike Tumminello will stay on as general manager.

With the purchase of SADE also comes the purchase of the Ocala Auto Dealers Exchange, which will merge into the existing ADESA Ocala auction.

It is expected the transaction will close next quarter.

“The addition of Sanford Auto Dealers Exchange expands our geographic footprint in the large, robust car market in central Florida,” ADESA president and chief executive officer Stéphane St-Hilaire said in the news release. “It is the perfect fit for bringing our end-to-end vehicle remarketing services and comprehensive online solutions to customers in and around that thriving market. I look forward to having Mike Tumminello and his experienced team join ADESA.”

Tumminello added: “For the past 24 years, Sanford Auto Dealers Exchange has strived to provide the best customer service possible to car dealers in the Orlando area. I am proud of the accomplishments of my team, and I look forward to taking our service to the next level with ADESA.”