CARY, N.C. -

On Wednesday, the same day ADESA’s agreement to purchase its eight auctions was announced, Brasher’s posted a statement to its website that explained the decision to sell its locations. Additionally, Brasher's provided some detail on the impacts going forward.

The company made the decision to sell its eight auctions “after much serious consideration and evaluation of our history, current state of the auctions, and the future of the auctions and our family,” it said. 

The statement goes on to acknowledge the many questions that folks may have, not the least of which is why Brasher’s chose to sell its locations.

“We believe our auctions are the best in the industry. We have the best employees, the best customers, and the best service. We are proud of the culture of excellence that has extended three generations over 67 years,” the company said.

“In recent months, the current 10 owners of Brasher’s have been considering how to transition this business to the fourth generation,” it continued. “We were beginning to discuss the possibility of several difficult options, including the possibility of breaking up our family of auctions amongst the different family members. All of these options seemed very difficult and painful.

“During this process, we were approached by ADESA about purchasing our auctions. As discussions ensued, it became clear that this was the best way forward for our family and for the future of the auctions.”

In the statement, Brasher’s also aimed to assuage some concerns that may come up. They began by clarifying that the locations will continued to be managed by the Brasher family, and further emphasize that “massive changes” should not be expected.

“We are young, with lots of life left in us, and this business is part of us. We will continue to work side by side with you and make our auctions as great as possible,” Brasher’s said.

“Secondly, please know that we have a terrific culture and a great reputation in the industry. ADESA knows this, and they want to preserve that culture and reputation,” the statement reads. “There are not massive changes coming. We will continue to use our computer system for the foreseeable future, and continue to provide all the same services to our dealers that we do now.

“Changes will come, and we will be here to go through all of them with you. We will be here to answer all the questions we can. Please call us, email us, or come in and talk to us.”

The full letter can be found at www.brashers.com/brashers-auto-auctions-to-be-acquired-by-adesa.