Sale to Huron Capital Partners, LLC

Industrial
Sale to Huron Capital Partners, LLC

Summary

Baird served as the exclusive financial advisor to American Auto Auction Group

About

American Auto Auction Group (“AAAG”), a portfolio company of Baird Capital Partners (“Baird Capital”), was recently acquired by Huron Capital Partners, LLC (“Huron”). Terms of the transaction were not disclosed.

AAAG is a national full-service, dealer-centric re-marketing platform composed of independent auctions. Established by Baird Capital in 2010, AAAG has acquired six auction businesses across the United States and increased its services offering. Over the same period, the number of cars auctioned annually grew from approximately 55,000 to more than 215,000. American Auto Auction Group is headquartered in Charleston, South Carolina.

Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Since 1989, Baird Capital’s U.S. Private Equity group has invested in growing and profitable lower-middle-market companies in the Business Services, Healthcare, and Industrial and Consumer Products sectors. Having invested in more than 270 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital is the direct private investment arm of Robert W. Baird & Co.

Huron Capital is an operationally-focused private equity firm that seeks to grow lower middle-market companies through customized buy-and-build strategies. Founded in 1999, Huron has raised over $1.1 billion in capital through four committed private equity funds and its portfolio companies have employed over 7,500 people throughout North America. With offices in Detroit and Toronto, Huron's sector focus includes Specialty Manufacturing, Business Services, Consumer Goods & Services, and Healthcare.

For additional information about this transaction, please contact:

Adam Czaia (414) 298-7358
Owen Hart (415) 627-3273
Chris Coetzee (312) 609-4913
Paul Rogalski 312.609.4912
Tom Coburn (414) 298-5972
Satoshi Matsumoto (312) 609-5446
Industrial
Sale to Huron Capital Partners, LLC
Date
May 2014
Company
American Auto Auction Group
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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