America’s Group buys Z66 Tulsa Auto Auction
It’s an M&A summer for America’s Group.
The parent company of America’s Auto Auction and AXLE Funding has made its fourth acquisition since June, announcing Tuesday that it has purchased Z66 Tulsa Auto Auction.
After expanding on the East Coast by adding Motley’s Richmond Auto Auction earlier this month, America’s Group’s purchase of the Oklahoma auction this week continues its growth in the Heartland.
The company announced its acquisition of San Antonio Auto Auction from BA&W Enterprises Ownership Group on June 17, followed by the purchase of Corpus Christi Auto Auction from the same group on July 8.
With the purchase of Z66, America’s Group now includes 42 auto auctions in its ranks.
“The addition of Z66 Tulsa to our portfolio not only expands our inventory offering but significantly strengthens our presence in Oklahoma,” America’s Group CEO Chuck Tapp said in a news release. “This move underscores our commitment to delivering unparalleled auto remarketing services to our clients, ensuring they receive the highest level of service and support.”
Robert Zoellner, the former owner of Z66, added: “After 11 successful years, I am proud to entrust Z66 to America’s Auto Auction. I am confident that they will continue our legacy of caring for our employees and customers. I extend my heartfelt thanks to everyone who contributed to making Z66 the success it is today.”
Chris Elliott, vice president of mergers and acquisitions at America’s Group, joined the Auto Remarketing Podcast earlier this summer to kick off a series on “M&A + Auto Auctions.”
Elliott and Cherokee Media Group senior editor Joe Overby discuss the company’s growth strategy and M&A targets as well as overall buy-sell growth/consolidation in the auto auction industry. Listen to their conversation in the window below.