CARMEL, Ind. -

In a move announced Monday by parent company ADESA, subsidiary PAR North America has purchased Seattle-based remarketing company Associate Fleet.

Explaining a bit more about the company, officials noted that Associate Fleet sells fleet and repossessed units, mainly selling to customers in Washington, Idaho, Oregon, Alaska and Hawaii.

Additionally, a great deal of recreational vehicles like boats, motorcycles and personal watercraft are offered by Associate Fleet.

“Associate Fleet is an established remarketer of used vehicles and a great match for our business model,” said Jerry Kroshus, the president of PAR North America. “This acquisition allows PAR to remain highly competitive in the remarketing industry while further expanding our presence in the credit union space.”

He added: “We look forward to leveraging this acquisition to further benefit our customers. Combining PAR’s expertise in complete vehicle remarketing with Associate Fleet’s experience and knowledge in the industry will mutually benefit everyone.”