IAA Expands in Indiana, Kansas, Utah, Minnesota, Virginia, and Alabama
Published August 16, 2017 - Written by IAA, Inc.
WESTCHESTER, Ill. – August 16, 2017 – Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc. (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced the expansion of facilities in six states across the U.S. The more than 50 acres of additional land are located in strategic markets where customer demand is rapidly increasing and projected to continue.
“We partner very closely with our customers, and our proactive expansion strategy ensures we are continuously anticipating and addressing their inventory needs,” said John Kett, CEO and president of IAA. “The combination of our broad physical presence and integrated technology solutions also helps us serve and expand our buyer-base and provide them with greater choice and convenience.”
The six facilities expanded include: IAA Indianapolis (Ind.); IAA Kansas City (Kan.); IAA Salt Lake City (Utah); IAA Minneapolis/St. Paul (Minn.); IAA Fredericksburg-South (Va.); and IAA Dothan (Ala.). Together, these facilities now cover more than 200 acres of land, an increase of over 30 percent from previous acreage.
The expansions also provide additional space for potential weather events and create supplemental storage to meet the anticipated needs of the company’s seller customers. The projects were completed in accordance with IAA’s environmental philosophy, with several facilities utilizing reclaimed asphalt in the development of the branch enhancements.
The locations and hours of the expanded facilities are as follows:
IAA Indianapolis is located at 3302 S. Harding Street Indianapolis, Ind.; auctions held every Wednesday at 9:30 A.M. The enlarged facility is one of IAA’s two locations in Indiana, including IAA South Bend.
IAA Kansas City is located at 2663 S. 88th Street Kansas City, Kan.; auctions held every Wednesday at 9:00 A.M. The expanded facility is one of two IAA locations in Kansas, including IAA Wichita.
IAA Salt Lake City is located at 1800 South 1100 West Ogden, Utah; auctions held every Thursday at 9:00 A.M.
IAA Minneapolis/St. Paul (Minn.) is located at 29531 Highway 61 Boulevard Red Wing, Minn.; auctions held every Wednesday at 9:00 A.M.
IAA Fredericksburg-South is located at 99 Industrial Drive Fredericksburg, Va.; auctions held every Monday following the IAA Northern Virginia sale. The extended facility is one of seven IAA locations in Virginia, including those in Culpeper, Fredericksburg, Pulaski, Richmond, Suffolk, and Tidewater.
IAA Dothan is located at 15994 U.S. Highway 431 N Headland, Ala.; auctions held biweekly on Tuesday at 9:00 A.M. The expanded facility is one of three IAA locations in Alabama, including IAA Birmingham and IAA Huntsville.
For more information on listings for branch dates and times, please visit www.iaai.com/locations
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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