Press Release
IAA Announces Grand Opening of Des Moines Facility
Published May 15, 2018 - Written by IAA, Inc
WESTCHESTER, Ill. – May 15, 2018 – Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services (NYSE: KAR), on Wednesday, May 15, IAA celebrated the grand opening of its Des Moines facility, located in De Soto, Iowa with the mayor and several local officials. The new location is a relocation of the company’s previous branch and includes over 60 acres of vehicle capacity.
“With the increasing volume of vehicle units from our clients in the Midwest, this relocation and expansion will help us continue to offer our best in class customer service and auction experience to our clients,” commented John Kett, CEO and president of IAA. “This new facility will offer a dedicated loading area, as well as greater inventory and vehicle inspection space for our clients.”
The auction is located at 1000 Armstrong Drive, De Soto, IA. Vehicle preview is Monday, from 8:00 a.m. to 4:30 p.m. and auctions held weekly on Tuesday’s beginning at 9:00 a.m. The auction is open to the public. Interested buyers can register at IAAI.com.
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.
