American Auto Auction Group Acquires Your Auction, Inc.

Fourth Acquisition by AAAG since early 2010

CHARLESTON, S.C., October 6, 2011

Baird Capital Partners (BCP), the U.S.-based buyout fund of Baird Private Equity, announced today that its portfolio company American Auto Auction Group, LLC (AAAG) has acquired Your Auction, Inc. (YAI), the largest independent auto auction operator in the state of Florida. Founded in 1993 by Gary Connors, Your Auction, Inc. has locations in Tampa and Fort Myers, and operates mobile auctions in Florida and Alabama.

Northwestern Mutual Capital and U.S. Bank National Association provided financing for the transaction. The terms of the deal were not disclosed.

AAAG was established in early 2010 in partnership with experienced industry veterans to execute an acquisition platform strategy in the whole car auction market. In addition to YAI, AAAG has acquired Charleston Auto Auction (Moncks Corner, S.C.), Mid-South Auto Auction (Pearl, Miss.) and Texas Lone Star Auto Auction (Carrollton, T.X.). Auto auctions create a transaction marketplace for finance companies, fleets, wholesalers, independent dealers, and franchise dealers to sell and purchase vehicles.

“The acquisition of Your Auction, Inc. complements AAAG’s strategy and reinforces our commitment to acquiring well run, successful independent auctions,” said Tom Costello, BCP Principal. “AAAG has been a great partner in executing our acquisition growth strategy.”

“The acquisition of Your Auction is a great example of the strong partnership we have established with Baird Capital Partners,” said Steve Simon, CEO of American Auto Auction Group. “This acquisition represents another important milestone in AAAG’s plans to become a national platform of independent auctions.”


About Baird Capital Partners
Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, invests in lower middle-market companies in the business services, manufactured products and healthcare sectors. Established in 1989, Baird Capital Partners leverages its deep sector knowledge, experienced investment team and extensive operating resources to drive value in its portfolio companies. Baird Capital Partners is supported by operating resources in China and India focused on facilitating and executing Asia sourcing, manufacturing and distribution strategies for Baird Capital Partners’ portfolio companies. Baird Private Equity, the global private equity group of Robert W. Baird & Co. (Baird), makes venture capital, growth equity and buyout investments in smaller, high potential companies in the United States through Baird Venture Partners and Baird Capital Partners, in China through Baird Capital Partners Asia, and in Europe through Baird Capital Partners Europe. Baird Private Equity has a global team of investment and operations professionals across the United States, Europe and Asia, including a team of operating professionals in Asia. Baird Private Equity and its affiliates have raised and managed over $2.7 billion in capital and invested in more than 245 companies since the 1980s. For more information, please visit bairdcapitalpartners.com.

About American Auto Auction Group
American Auto Auction Group is headed by industry veterans Steve Simon and Keith Lelux. Building on a network of independent auctions throughout the country, AAAG provides a viable alternative for vehicle sellers who require national sales coverage. AAAG is headquartered in Charleston, South Carolina, and currently operates the following auction properties: Charleston Auto Auction in Moncks Corner, SC; Mid-South Auction in Pearl, MS; and Texas Lone Star Auto Auction in Carrollton, TX. For additional information about American Auto Auction Group call 843-579-AUTO or visit americanautoauctiongroup.com.