The three co-founders of Richmond-based CarLotz were among the winners of the 2019 EY Entrepreneur Of The Year award for the Mid-Atlantic region.
CarLotz CEO Michael Bor, Chief Operating Officer Aaron Montgomery and Chief Financial Officer Will Boland and 13 others from regional companies were named winners Thursday night. The event was held at the Ritz-Carlton in Washington, D.C.
“We were quite surprised but even more humbled to bring home the trophy this year. With the long list of tremendously impressive companies also in the finals, we were especially thrilled to win,” Bor said.
“This award is a true testament to the hard work, disruption and innovation that our team is driving as we aim to provide the world’s greatest automotive retail experience while creating the retail remarketing channel for our commercial accounts. We have a ways to go to achieve our vision, but this is certainly a terrific mile marker.”
This is the CarLotz team’s first time as a regional winner, but the founders were finalists for the 2015 regional award.
CarLotz, which sells used vehicles on consignment, opened its first store off Midlothian Turnpike in Chesterfield County in 2011 and opened a second store in Henrico County in 2012. The company now has eight locations across Virginia, North Carolina, Florida, Illinois and Texas.
Regional award winners are now up for consideration for the Entrepreneur Of The Year National Awards, to be announced in November.
The EY program, in its 33rd year, recognizes entrepreneurs and leaders of high-growth companies who are excelling in such areas as innovation, financial performance and personal commitment to their businesses and communities.
The regional winners are inspiring innovation “without limitation and fueling growth and prosperity by being truly unstoppable,” said Debra von Storch, EY Americas Entrepreneur Of The Year program director. “There are many successful entrepreneurs in this world, but to build something truly remarkable, you can’t let anything stand in your way.”
EY, formerly called Ernst & Young, is a global provider of assurance, tax, transaction and advisory services.