Dealers Auto Auction Group continues to spread its reach throughout the Southeast.
The company announced that it has purchased Tri-Cities Auto Auction in Bluff City, Tenn. A news release indicated the auction will be renamed Dealers Auto Auction of East Tennessee.
The facility operates with four lanes along with detail and mechanical departments and offers more than 250 units every Wednesday starting at 10 a.m. ET.
The company added that Gary Montgomery will continue as general manager.
“We are very excited with the acquisition of Tri-Cities Auto Auction into the DAAG family,” Dealers Auto Auction Group chief executive officer David Andrews said.
“We feel that this location is a good fit within the overall footprint of our auctions and will be able to offer our customers another outlet to buy and sell their vehicles,” Andrews continued.
With the purchase of this operation, Dealers Auto Auction Group now possesses seven locations. Dealers Auto Auction Group was started back in 2001 with its first auction in Horn Lake, Miss. The company portfolio now includes:
— Dealers Auto Auction of Jackson
— Dealers Auto Auction of Memphis
— Dealers Auto Auction of Murfreesboro
— Dealers Auto Auction of Chattanooga
— Dealers Auto Auction of Huntsville
— Dealers Auto Auction of Mobile
— Dealers Auto Auction East Tennessee
Scott Keener, director of operations for DAAG added, “DAAG has a business growth plan to expand our footprint over the next five years, and this acquisition is one of many more to come.”
For more information, visit www.dealersauto.com.