XLerate Acquires Auction

By Staff Writer September 13, 2021

The XLerate Group announces the addition of a new member to its auction family with the acquisition of Greater Shreveport-Bossier Auto Auction. XLerate Group now operates 14 auction brands with fixed site and mobile sales in California, Florida, Georgia, Illinois, Louisiana, Michigan, N.Mexico, Pennsylvania, South Carolina, Texas and Wisconsin.

“Greater Shreveport-Bossier is the latest step in XLerate’s strategy to grow our service offerings by acquiring high-quality independent sales with strong operating management and demonstrated high service level,” XLerate’s CEO Cam Hitchcock said. “Steve Chiasson and Keith Hightower started GSBA Auction in 2008 and have since expanded and relocated the sale.” 

Matt Chiasson, son of GSBAA co-founder Steve Chiasson, will continue to run GSBAA as its GM. 

“GSBAA’s customers and employees will be well served by the resources and depth of product offerings that come with being part of the XLerate Group,” Matt Chiasson said.

Steve Chiasson said he and Keith Hightower are excited for dealers and the auction family.

“Joining the XLerate Group gives Greater Shreveport capabilities and relationships it did not have as a single auction,” Steve Chiasson said. “During our time in this industry, we have had the pleasure of working with so many great people. We say, ‘Thank You’ to everyone who has worked for, done business with, and continues to do business with us.”

Rate this item
(0 votes)
Last modified on Monday, 13 September 2021 01:34