Press Release
IAA Announces First Quarter 2018 Opening of New Seattle Branch
Published November 8, 2017 - Written by IAA, Inc
WESTCHESTER, Ill. – Nov. 9, 2017 – Insurance Auto Auctions, Inc. (IAA), a business unit KAR Auction Services (NYSE: KAR), announced the construction of a new facility near Seattle, Washington. The new branch, scheduled to open in the first quarter of 2018, is strategically located in Puyallup, Washington – approximately 40 miles south of Seattle. The new 140-acre branch consolidates the existing IAA Seattle and IAA Seattle South locations into one facility – more than doubling the capacity for inventory.
“With the growing volume of our clients in the north west, this expansion will help us continue to offer our best in class customer service and auction experience to our clients,” said John Kett, CEO and president of IAA. “The new branch will allow us to host a single, dual lane weekly auction and offer greater inventory selection to our buyers in the area. Our new space and streamlined schedule will help our employees further serve our selling and buying customers.”
The new IAA facility will include a state-of-the-art Vehicle Inspection Center (VIC) with covered vehicle inspection areas and ample space for on-site insurance customer staff. It will host its auctions on Wednesdays, with preview days held every Tuesday. Please check IAAI.com for opening dates and hours of operation.
Media Inquiries:
Jeanene O’Brien SVP, Global Marketing and Communications
(708) 492-7328
Analyst Inquiries:
Caitlin Churchill
ICR
(203) 682-8200
About IAA, Inc.
IAA, Inc. (NYSE: IAA) is a leading global marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique multi-channel platform processes more than 2.5 million vehicles annually. Headquartered near Chicago, IL, IAA has over 3,600 talented employees and over 190 facilities throughout the US, Canada and the United Kingdom. IAA provides a broad range of services to insurers, fleet and rental companies, rebuilders, charity organizations and financing companies that dramatically reduce the cycle time of selling a vehicle with a focus on delivering the highest economic returns. Buyers have access to the industry’s most-innovative vehicle evaluation and digital bidding tools, enhancing the overall purchasing experience.
Uncertainties Affecting Forward-Looking Statements
Certain statements contained in this release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and which are subject to certain risks, trends and uncertainties. In particular, statements made that are not historical facts may be forward-looking statements. Words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions identify forward-looking statements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Such forward-looking statements include the statements regarding IAA’s future financial and operating performance, benefits and synergies of the separation, strategic and competitive advantages, future opportunities and any other statements regarding events or developments that IAA believes or anticipates will or may occur in the future. We disclaim any obligation or undertaking to update any forward-looking statements. For further discussion of such risks and uncertainties, see “Information Statement Summary,” “Risk Factors” and “Cautionary Statement Concerning Forward-Looking Statements” in the information statement filed as an exhibit to IAA’s Registration Statement on Form 10, as amended.
