IAA Marks New Lexington Facility with Grand Opening Event
Published September 19, 2019 - Written by IAA, Inc.
WESTCHESTER, IL – September 19, 2019 – IAA, Inc. (NYSE: IAA), a leading global marketplace connecting vehicle buyers and sellers, celebrated the grand opening of its Lexington, S.C. facility. IAA Lexington is the fourth branch in the state and will help accommodate increased customer capacity demands. Honored guests President of the Lexington Chamber of Commerce Otis Rawl and staff from South Carolina Representative Joe Wilson attended the September 11 event. The branch will strategically enhance IAA’s ability to serve the growing needs in the area as well as the hurricane-prone Atlantic coastal region.
At the celebration, IAA highlighted the new facility’s meeting rooms, vehicle inspective center (VIC) space, two new Run & Drive lanes and the company’s multi-channel auction model. The newly renovated lobby and conference rooms provide customers and employees a welcoming environment with meeting and training space.
“We are pleased to open this branch, which is strategically located to serve this coastal region that is prone to catastrophic weather events like we saw as recently as a week ago,” said John Kett, Chief Executive Officer and President of IAA. “We are offering our customers the multi-channel buying experience they expect from us, as well as additional space and amenities.”
The branch is located at 343 Dooley Rd Lexington, SC 29073. Preview days are Tuesdays from 12 p.m. to 4 p.m. and Wednesdays from 8:30 a.m. to 9:30 a.m. (Eastern time). Sales days are Wednesdays starting at 9:30 a.m. (Eastern time).
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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