IAA Announces November 2017 Opening of New Fort Worth Branch
Published June 14, 2017 - Written by IAA, Inc
WESTCHESTER, Ill. – June 14, 2017 – Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), today announced the construction of a new facility near Fort Worth, Texas. The new branch, scheduled to open in November 2017, is strategically located north of the Dallas-Fort Worth area and complements IAA branches in Grand Prairie and Wilmer. This is the 16th IAA location in the state of Texas.
“This expansion will provide the flexibility to respond to the growing inventory needs of current and future customers as well as offer a wider vehicle selection for buyers,” said John Kett, CEO and president of IAA. “The location will also ensure critical reserve capacity for catastrophic events.”
The new 200-acre state-of-the-art facility will include 18,000 square feet of office, run & drive and warehouse space. The office space will include multiple conference rooms and offices that will be available for IAA’s insurance customers to use for training claims adjusters on site.
In keeping with IAA’s environmental philosophy, the branch will incorporate enhanced sustainability features, including using recycled asphalt and concrete for resurfacing as well as the use of recycled water for landscaping.
IAA Fort Worth North is strategically located at 11863 Harmonson Rd., Justin, TX, within a mile of Interstate 35. Weekly auctions will be held on Tuesdays at 9:00 am. For a full listing of all 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.