IAA Expands Over 500 Acres in Preparation for Severe Weather Season
Published August 7, 2017 - Written by IAA, Inc
WESTCHESTER, Ill., August 7, 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, today announced it has secured 22 real estate locations in ten states to prepare for the weather event season and potential catastrophic events.
“Strategically expanding our presence helps meet demands for catastrophe (CAT) services in areas where our customers will most urgently need it,” said John Kett, CEO and president, Insurance Auto Auctions, Inc. “We know that being prepared means being proactive, not reactive. And our experience in successfully navigating severe weather situations, such as Hurricane Matthew and the Louisiana flooding, fuels our proactive approach to CAT operation preparedness.”
The IAA CAT Team is a full spectrum catastrophe service that operates on scene using the company’s resources to recover the influx of total loss vehicles. The IAA CAT team has been in operation for over 30 years. Through consistent development in catastrophic prone locations, IAA is able to provide additional acreage for day-to-day seller storage and to maintain reserve storage for acute inventory increases. IAA’s strategic preparation and coordination allow for a timely response and speedy recovery in the aftermath of a major catastrophe, further showcasing the company’s continuous dedication to its customers.
“We want our customers and communities to know that IAA will be there when disaster strikes,” said Kett. “We embrace this responsibility – it’s part of who we are. And with this additional land, we’re able to deliver more support faster than ever.”
The IAA CAT-related expansions announced today include the following 22 locations: Burbank, CA; Miami, FL; Orlando, FL (two locations); Pensacola, FL; Tallahassee, FL; Tampa, FL (two locations); Savannah, GA; Tifton, GA; Baton Rouge, LA (two locations); Lafayette, LA (two locations); Medford, MN; Moss Point, MS; Englishtown, NJ; Long Island, NY; Charleston, SC; and Houston, TX (three locations).
For more information on listings for branch dates and times, please visit https://www.iaai.com/locations.
For more information on IAA’s rapid response system, please visit the Catastrophe page.
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.