ServNet Partners with Flexco and The Hourglass Foundation to Support Scholarship Foundation

ServNet Auctions have joined with remarketing partner Flexco Fleet Services in support of The Hourglass Foundation. ServNet's President Eric Autenrieth explains that the group's efforts will center on raising funds for the foundation's scholarship program, which benefits students pursuing their education in mechanical fields at community colleges and technical schools.


Autenrieth reports that ServNet's participation will be two-fold. ServNet auction locations across the U.S. will make cash donations to the scholarship program for every Flexco vehicle sold at auction. In addition, representatives from the local auctions will reach out to area high schools, two-year colleges and trade schools in their communities to make students aware of the scholarship program along with opportunities for workplace experience at the auction.

The Hourglass Foundation is the philanthropic arm of Hourglass Management and its portfolio companies, which includes Flexco Fleet Services. Hourglass Management is headed by Chairman Ron Shoemaker.

"Great work takes great partners, and we are delighted that the ServNet Auctions are joining us in our mission to lift others," said Shoemaker. "The Hourglass Foundation is guided by the belief that great change can come from helping young adults, and that everyone deserves the opportunity to achieve their dreams for their best life possible, through hard work and commitment. This collaboration with ServNet is an exciting venture, and will bring about not just financial support for students pursuing vocational training, but opportunities for practical, hands-on experience at some of the finest auction facilities in the country."

Autenrieth notes that the owners of the ServNet auctions are deeply committed to supporting the education and training of the next generation. ServNet has for many years contributed to the NAAA Warren Young, Sr., Scholastic Foundation and founded its own Scholarship Program for children of ServNet auction employees in 2016.

"We admire the work that The Hourglass Foundation is doing to provide opportunities for young adults through scholarships and its focus on trade school and community college education," Autenrieth said.

"Men and women with education in mechanical fields are a critical link in the chain of our auction operations, from condition report writers to technicians and managers in our mechanical, body and recon shops," stressed Aurenrieth. "We are excited to work in partnership with The Hourglass Foundation and Flexco to create opportunities for the next generation."

The ServNet Auction Group is a network of America's best strategically located independently-owned wholesale auto auctions. For over 30 years, ServNet member auctions have been working together to provide a full range of remarketing services to its customers, including the best auctioneers, inspections, reconditioning, transportation assistance and inventory financing. The ServNet Auction Group is managed by TPC Management with headquarters in Franklin, Tennessee.

Flexco Fleet Services has been a leader in the fleet vehicle remarketing industry for over 20 years. Its customizable services create value for Fortune 500 companies and fleet companies by decreasing days-to-sell, providing competitive resale income, and offering no operational disruption. Flexco's services include fleet remarketing, employee sales, transportation, title processing, financing, re-fleeting, and like-kind exchanges.