America’s Group adds Iowa to footprint with latest purchase
Image courtesy of America's Group.
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America’s Group has moved into another new state: Iowa.
The company announced its first location in the Hawkeye State, acquiring Plaza Auto Auction in Mount Vernon.
The auction, founded in 1963 by Bob and Norma Edleman, will now operate as America’s Auto Auction Iowa.
It is one of the few remaining evening dealer-only sales in the Midwest, hosting sales at 6:15 pm local time every Wednesday.
The three-lane facility brings in dealers from Iowa, Illinois, Wisconsin, Minnesota, Missouri and Indiana, while also offering online bidding.
“After 62 years of serving dealers and commercial consignors throughout the Midwest, I am proud to announce the sale of Plaza Auto Auction to America’s Auto Auction,” owner Sean McNeal said in a news release.
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“First and foremost, I would like to express my sincere gratitude to our customers and employees. Your dedication, loyalty, and hard work have been the foundation of Plaza’s success and the driving force behind what the company has become today,” McNeal said.
“This transaction positions the auction for continued growth and long-term success under new ownership. I am confident that America’s Auto Auction is the right organization to build upon our strong legacy and elevate the business to new heights. I look forward to watching Plaza thrive in this next chapter.”
America’s Group is closing in on CEO Chuck Tapp’s stated goal of 60 locations by the end of 2026.
Currently, there are more than 50 America’s Auto Auction locations in 24 states.
“This acquisition represents an exciting milestone for America’s Auto Auction as we establish our presence in Iowa. Plaza Auto Auction has built an incredible legacy over more than six decades, and we are honored to carry that tradition forward as part of the America’s Auto Auction family,” Tapp said. “We will continue investing in the people, technology, and service that dealers rely on every week.”
