During a phone conversation with Auto Remarketing just a couple of hours after the acquisition closed, XLerate Chief Executive Officer Cam Hitchcock conveyed a message to customers of CFAA, an auction that’s been operating near the Ohio capital for more than 60 years.
“Their service team isn’t changing,” Hitchcock said. “The same individuals who have taken care of them for many years at Columbus Fair will continue to take care of them going forward on the commercial consignor side and the dealer side. I would expect more of the same, superior customer service and a commitment to excellence.”
Columbus Fair joins XLerate’s established group of auctions, which have physical and satellite sale operations in California, Florida, Georgia, Illinois, Michigan, New Mexico, Pennsylvania, South Carolina, Texas and Wisconsin. Hitchcock pointed out the acquisition diversifies the group’s portfolio more than just geographically.
“We’re always excited when we acquire very high-quality sales,” Hitchcock said. “Columbus Fair has some relationships with certain consignors that the other XLerate auctions don’t have, and conversely, XLerate has relationships with certain consignors that Columbus Fair doesn’t have. We are looking to grow Columbus Fair as well as the other existing sales. Columbus Fair is just a phenomenal addition in that regard.”
And that addition arrived on Friday afternoon following what Hitchcock said took “several years” of dialogue.
Hitchcock recapped in a news release that CFAA was started by Bill Jacobs, Alexis Jacobs' father, in 1958. She has run the sale since her father’s death in 1982.
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