Huron Capital sells interest in XLerate Group.

Auto Business News-October 13, 2021--Huron Capital sells interest in XLerate Group

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Auto Business News - 13 October 2021

Huron Capital, a US-based lower-middle-market private equity company, has sold its interest in XLerate Group, the nationwide used car auction and remarketing platform, to Brightstar Capital Partners, a United States-based middle-market private equity company.

The deal was completed on September 27. Terms of the deal were not revealed.

Cam Hitchcock, XLerate CEO, said, 'We had a clear vision when we established XLerate Group with Huron Capital and, together, have achieved many of those goals to establish XLerate as a leader in the used vehicle remarketing industry. We see enormous potential for this business and...

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