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Members of the Wolfe family (L to R): Cynthia Wolfe, Susan Wolfe, Tony Wolfe, Jeff Wolfe as well as Dan Wolfe at a National Auto AuctionAssociation Industry Pioneer Award occasion for Tony Wolfe at the NAAA meeting in Dallas on Sept. 9, 2022. Photo: NAAA/ TPC Management Wolfe’s South Bend Auto Auction, which births a deep family heritage as well as operations dating to 1960, has actually been acquired by Great Lakes Auto Auction, said Wolfe’s Auto Auctions creator R. Tony Wolfe, in revealing the acquisition on Nov. 18.
Excellent Lakes Auto Auction is headed by principals Ryan Clark, president, as well as Chad Anderson, vice head of state, who are veteran drivers of Greater Rockford Auto Auction in Rockford, Illinois.Founded in 1960
, the South Bend center was gotten by the Wolfe family in 2003, which likewise runs Wolfe’s Evansville as well as Wolfe’s Terre Haute Auto Auctions in Indiana. Tony Wolfe, the family patriarch and long-time industry leader, worked as president of the National Auto Auction Association in 1991 and was named an Industry Pioneer in 2021. Wolfe Auction procedures are headed by Tony Wolfe’s kids Jeff and also Dan Wolfe, that are joined by 13 participants of the Wolfe family members representing 4 generations and also are all associated with the auction enterprise.Earlier in the year, the Wolfe household made a critical choice to focus on its 2 southerly Indiana places as well as involved TPC Management Company to review options for the South Bend procedure.”We have watched their success at Greater Rockford over their years there and recognize that both the auction and also its clients are in terrific as well as capable hands,”Dan Wolfe claimed of Clark and Anderson. Chad Anderson, vice head of state of Great Lakes Auto Auction as well as general manager of Greater Rockford Auto Auction, and Ryan Clark, president
of Greater Rockford Auto Auction and also Great Lakes Auto Auction.Photo: TPC Management Wolfe noted that his family will continue to operate Wolfe’s Evansville and also Wolfe’s Terre Haute facilities, as they have for more than 50 years.
“The Wolfe family established a tradition
of service and also stability that is understood throughout the car auction industry,”Clark said.”We want to build on the foundation the Wolfes cultivated in South Bend during their 20-year tenure.”Clark stated the South Bend auction will certainly be relabelled Great Lakes Auto Auction and also will proceed holding weekly sales on Wednesdays at 1 p.m. All members of the public auction personnel, led by general manager Brandon Kieffer, will certainly stay and services will certainly proceed effortlessly as the auction continues to provide a premium level of solution to vehicle suppliers and also commercial accounts in the Great Lakes region. Like its associate Greater Rockford Auto Auction, Great Lakes Auto Auction will come to be a member of the ServNet public auction team.”It is not lost on everyone that business and also private equity-backed combinations are common in the automobile auction industry today,”said Pierre Pons,
head of state of TPC Management.” Yet, we are pleased to note that this deal keeps the auction as an Independent, family-run procedure. From the start this has actually been an exceptionally smooth transition, and we expect the Greater Rockford team continuing a strong existence in this market location.” Initially posted on Vehicle Remarketing
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