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CICERO - Tri-State Auto Auction has a new owner after more than 30 years in business.
ADESA, Inc. a major auto-auction company that operates 58 used-vehicle auctions and 36 salvage auctions throughout the United States and Canada - closed on its acquisition of Tri-State in September. Financial terms were not disclosed.
"Syracuse was a great fit for us," says Warren Byrd, executive vice president of corporate development for ADESA.
ADESA already had auctions in Long Island and Buffalo so Syracuse was a good next move, he adds.
Tri-State now operates as ADESA Syracuse. ADESA retained Tri-State's more than 300 employees.
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