America’s Auto Auction president and chief executive officer Ben Lange announced the acquisition of Greater Boston’s Lynnway Auto Auction today.
“We are extremely pleased to welcome Lynnway Auto Auction, and its team led by Jim Lamb, to America’s Auto Auction. Jim and his staff are of the highest caliber with a proven track record in Boston and the New England market,” Lange said in a news release sent to AuSM.
Lynnway Auto Auction has been owned and operated by Jim Lamb and George Russo, who founded the facility in 1997. Both former auctioneers with more than 30 years of experience in vehicle remarketing, Lamb and Russo have built a thriving auction that draws customers from all points in the Northeast.
In 2011, the pair moved the auction to its current location, a new, high-tech eight-lane facility on 58 acres, 30 minutes northwest of Boston.
“In expanding the America’s Auto Auction brand, we seek out auctions that are successful and high-performing in their markets,” Lange said. “Lynnway Auto Auction is an ‘A-Rated’ operation with a tremendous influence in the Northeast, earning superior marks in facility management, transportation management, reconditioning service, mechanical and body repairs, on-site floor planning and first-rate customer service.
“This acquisition supports our footprint in the Northeast, one of the country’s major automotive markets, and puts Lynnway in an even stronger position to serve its dealer and institutional accounts,” Lange continued.
Commenting on the transaction, Lamb said, “Our relationship with America’s Auto Auction has been four years in the making.
“During that time, we have not only come to know and admire Ben Lange, but have become acquainted with his associates at the America’s auction locations and observed the workings of a tremendously successful company,” Lamb continued. “We are all excited about our future with America’s Auto Auction.
“This acquisition is a great cultural match between Lynnway and America’s, one that holds tremendous promise for the auction and its customers,” Lamb went on to say.
With objectives of maintaining a keen focus on both buyers and sellers in order to nourish healthy local markets and build strong foundations for institutional remarketers, America’s Auto Auction is the third-largest auto auction company in the United States. With the addition of Greater Boston’s Lynnway Auto Auction, America’s Auto Auction now includes 22 locations with facilities in:
For information, Cynthia Butler at America’s Auto Auction corporate office in Dallas at (214)736-7900 or [email protected]om. Additional information on all of the America’s Auto Auction facilities can be found at .