Online auction platform EBlock acquired TradeHelper, a dealer-to-dealer digital auction marketplace, along with its parent company ESP Auctions—an independent auction located in Montreal, Que.
“This move allows EBlock to expand and strengthen our position in our fastest growing market of Quebec, a vital region of Canada,” said Jason McClenahan, President and CEO of E INC, the parent company of EBlock. ”By bringing on more than 100 experienced bilingual team members we can better service our customers in their language of choice.”
Furthermore, McClenahan said that by adding 24,000 wholesale transactions and “thousands of marketplace participants,” they can not only strengthen their position in Quebec, but also have a “major impact” on their dealers in Eastern Canada.
ESP Auctions is a second-generation family business with 35 years of experience as one of the top independent auctions in Canada, according to EBlock. Its owner Alain Boisvert teamed up with former Adesa CEO Stephane St-Hilaire to acquire TradeHelper in December 2019.
TradeHelper was founded and is led by Karl Tremblay, and both ESP Auctions and TradeHelper will continue to operate as they are. The teams will also continue to work towards their goal of selling a vehicle where it makes the most sense for the client.
“Our customers will benefit from the most robust network of buyers and sellers in the industry and an expansion of products and services that only a combination of physical space and state-of-the-art technology can offer,” said St-Hilaire, Co-owner of ESP and TradeHelper.
He said EBlock has the right people, technology, and strategy to boost the growth the vehicle remarketing industry is experiencing today.
