ESP auction and its President Alain Boisvert, along with former ADESA auction’s President and CEO Stephane St-Hilaire, acquired a majority stake in TradeHelper — a Canadian online dealer-to-dealer auction platform.
ESP auction is a physical wholesale automotive auction based in Montreal, Que., while TradeHelper’s auction platform is offered in Eastern Canada. The goal will be to combine the two networks and integrate the online and physical auction services, according to ESP Auto Auction news release.
“It has become increasingly important for independent auto auctions to offer our dealers the opportunity to buy or sell cars from their lots as well as at our physical auction location,” said Alain Boisvert, Owner and President of ESP Auction.
He said ESP and TradeHelper is the ideal combination to create a complete vehicle remarketing service in the Canadian market.
“When you combine that with ESP’s auction expertise, strategically located real estate and best in class customer services, you have a uniquely complete and powerful remarketing service offering to the dealer community both online and at the physical auction,” said Stephane St-Hilaire, co-owner of TradeHelper and ESP auction.
According to St-Hilaire, TradeHelper serves nearly 5,000 dealers in Eastern Canada.
