IAA Announces Grand Opening of New Portland Area Branch
Published June 7, 2017 - Written by IAA, Inc.
WESTCHESTER, Ill., June 07, 2017 — Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company announced today the grand opening of IAA Portland West, its newest branch in Portland, Ore. This marks IAA’s third facility in the state, with additional branches in Portland and Eugene. This new facility expands the overall capacity needed for this marketplace by nearly fifteen percent.
“Increasing our presence in this growing market demonstrates IAA’s commitment to meet the expanding inventory needs of our buyers and sellers.” said John Kett, CEO and president, Insurance Auto Auctions, Inc. “We continuously evaluate opportunities in strategic locations and add resources and capacity where it best serves our customers.”
As part of IAA’s continued commitment to better serving its buyers, the state-of-the-art facility includes large indoor bay space to accommodate the area’s frequent inclement weather. The facility also provides additional acreage and storage space in anticipation of acute inventory increases due to severe weather events.
“We are very pleased to be part of Portland’s continued growth,” said Carrie Preisinger, Portland West Branch Manager, IAA. “Our branch is looking forward to advancing the city’s economic development and working alongside other businesses to positively impact the community.”
IAA Portland West is located at 10498 N Vancouver Way Portland, Ore. 97217. Weekly auctions will be held every Tuesday at 9:00 am. Learn more at IAA’s branch Information page. For a list of IAA’s 170+ locations in North America, please visit www.iaai.com/locations.
For four decades, IAA has been dedicated to meeting and exceeding the needs of its global clients and giving back to the communities in which it operates. This philosophy of giving provides IAA’s more than 2,800 team members with opportunities to volunteer, mentor and financially support multiple global, national, and local charitable causes. This commitment is also reflected in IAA’s National Vehicle Donation division that, since 1994, has assisted not-for-profit organizations monetize donated vehicles to fund and support their missions.
Jeanene O’Brien SVP, Global Marketing and Communications
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.
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