XLerate Group said last week that it has completed its purchase of America’s Auto Auction, wrapping up a deal reported first by Auto Remarketing on Dec. 22.

The companies did not disclose the transaction’s terms.

The combined company includes 39 auction locations in 19 states, digital and mobile auction businesses and related financing operations.

XLerate has fixed-site and mobile sales in California, Florida, Georgia, Illinois, Indiana, Louisiana, Michigan, New Mexico, Pennsylvania, South Carolina, Texas and Wisconsin.

Bringing America's into the fold adds Alabama, Kentucky, Massachusetts, Missouri, Ohio, Oklahoma and Virginia to the mix, along with additional locations in most of the states where XLerate operates.

XLerate chief executive officer Cam Hitchcock and the company’s current executive team will operate the company, including executive vice president and chief revenue officer Chuck Tapp and EVP/chief financial officer Charles Kunkel.

XLerate, which is headquartered in Carmel, Ind., is owned by affiliates of Brightstar Capital Partners.

Brightstar will be the controlling shareholder of the combined entity.

“This expansion of our business and capabilities comes at a very exciting time for the industry,” Hitchcock, the XLerate CEO, said in a news release.

“We’re looking forward to growing this combined company in partnership with our new colleagues from AAA,” he said. “Our cooperative efforts will allow us to truly become a leading player within the vehicle remarketing sector — in terms of offering our customers the best physical and digital auction services, including financing solutions tailored to their needs.”

Brightstar partner Gary Hokkanen added: “We are very pleased to play a part in bringing together AAA and XLerate. Combining these respected companies creates an impactful opportunity to provide best-in-class services to dealers and institutional customers throughout our expanding geographical footprint while benefiting all stakeholders, including employees and our investors.”