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America's Auto Auction Acquires ABC Auctions

America's Auto Auction has acquired Auction Broadcasting Company. ACB Auctions controls eight used-car auctions in the Midwest and the Eastern seaboard of the United States. 
 
The acquisition means AAA now owns a total of 20 auctions, and reinforces its presence in states such as Illinois and Pennsylvania, where both companies had separate presences. AAA will also gain entry in local markets in the states of Louisiana, Alabama, Kentucky and Virginia.

AAA was founded in 2005 as Automotive Remarketing Group. ABC was founded five years previously by Mike Hockett, who also separately founded ADESA Auctions back in 1989.

Image: AAA
30/01/2017  |  Frank Jacobs

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