Used-vehicle public sale companies firm America’s Group has acquired a 17-acre public sale facility in Las Vegas — its first acquisition since forming in late 2021 — marking its entry into Nevada.

The corporate mentioned Tuesday that it bought DAA Las Vegas — a six-lane, full-service public sale that opened in 2014 — from McConkey Public sale Group. A purchase order worth was not disclosed.

The acquisition expands the corporate’s market presence to sellers, rental firms and monetary establishments in main cities within the West, America’s Group CEO Chuck Tapp mentioned Thursday. The corporate has two auctions in Southern California, although they’re smaller — lower than 2 acres every, he mentioned.

America’s Group shaped in December 2021 when automobile public sale and remarketing firm XLerate Group acquired America’s Auto Public sale. The mixed firm rebranded as America’s Group in 2022. Tapp took the CEO reins from Cam Hitchcock on the finish of 2022, following the manager’s retirement.

“It took us the final yr and a half to digest and put the 2 firms collectively, however now we’re ready to exit and purchase the proper auctions in the proper locations,” Tapp informed Automotive Information on Thursday.

The corporate will hold all 50 DAA Las Vegas staff, Tapp mentioned.

America’s Group, which has 38 auctions in 19 states, appears to build up extra market share within the wholesale public sale house and overtake opponents in annual automobile gross sales, Tapp and Hitchcock informed Automotive Information final yr.

“The plan is to be nationwide,” Tapp mentioned Thursday. “And we’re nonetheless taking a look at different acquisitions proper now.”