XLerate Group (Huron Capital) Acquires Morton Auto Auction
January 14, 2019
Huron Capital’s auction and remarketing platform, XLerate Group, has acquired Morton Auto Auction from the Krupa family in an add-on deal that expands XLerate’s Midwest footprint. Morton Auto Auction — founded in 1978 and employing over 100 full- and part-time staff — will remain led by existing operators while gaining XLerate’s digital and operational resources to drive additional volume.
- Buyers
- XLerate Group, Huron Capital
- Targets
- Morton Auto Auction
- Sellers
- Krupa family (Steve and Ted Krupa)
- Platforms
- XLerate Group
- Industry
- Automotive
- Location
- Illinois, United States
- Transaction Type
- Addon
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