Barrett-Jackson Holdings, the parent company of Barrett-Jackson Auction Company, has announced the acquisition of the Phoenix-based Collector Car Network Inc., including its well-known properties ClassicCars.com, AutoHunter, The ClassicCars.com Journal and the Future Collector Car Show.
The acquisition furthers Barrett-Jackson’s mission to grow the collector car market through strategic alignment of best-in-class brands and world-class customer service, according to a press release.
“Barrett-Jackson Auction Company and ClassicCars.com are two of the most respected companies in the collector car hobby,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “Our internationally broadcast live events and their online platforms are unrivaled. Working together, we will better serve our booming customer base, as well as attract the next generation of collectors to the hobby. This strategic step has the potential to fuel unparalleled expansion of the collector car market.”
Founded in 1971, Barrett-Jackson has long been on the forefront of the industry, and particularly in the online space since 1994 with respect to online auction catalogues, online bidding and live streaming. Continuing to adapt and improve processes to make the hobby more accessible has become a hallmark of Barrett-Jackson, and this acquisition of a well-respected and established online company is the latest example, the press release stated.
“We see this acquisition as an enormous growth engine for the collector car marketplace,” said Roger Falcione, president and CEO of Collector Car Network. “Our two companies are perfectly aligned to be the leading resource for car collectors worldwide, including the rising generation of collectors who are evolving the market.”
Collector Car Network is a four-time winner of the Inc. 5000 list of fastest growing companies and is comprised of four world-class brands, including:
“Roger and his team have built an exceptional organization with an award-winning customer service culture,” said Jackson. “Like Barrett-Jackson, they have built incredible brand equity over the years. Combined with Barrett-Jackson’s customer service record, expertise and world-class marketing efforts, we will make it even easier for everyone to engage in the hobby.”