MISSISSAUGA, ON (December 2, 2015) –   Impact Auto Auctions Ltd., a subsidiary of Insurance Auto Auctions (IAA) and a business unit of KAR Auction Services (NYSE: KAR), today announced they have purchased the assets of Sudbury Auto Auction Ltd. (SAA).  Located at 90 National Street in Sudbury, the auction, which covers 17 acres, serves the northern Ontario fleet and dealer communities. Through the transaction, Impact Auto Auctions also becomes the sole owner of Impact Auto Auction Sudbury.

“We are excited to be adding the talented team at Sudbury Auto Auction to our national auction network,” said Terry Daniels, Managing Director at Impact Auto Auctions. “Owners Dale and Lynda Harnden have been great partners for more than 23 years in helping to develop and serve the northern Ontario salvage market. We look forward to leveraging the strengths of both businesses and continuing the great tradition of whole car services that SAA is known for in this important market.”

Family-owned, SAA began its almost 30 year presence in the Sudbury community as an auction service in 1986, when Lynda Harnden’s father built the business from scratch. SAA sells dealer, rental, lease, fleet, and finance vehicles. Secondary to that business is a public auto auction company known as Nor Ontario Auctions, which provides public buyers with the opportunity to purchase dealer, repo and corporate consigned vehicles at auction prices. This sale also includes commercial vehicles and a variety of recreational vehicles such as ATV’s, boats, campers, motorcycles, snowmobiles and other items.

“We felt honoured to be asked to formally join Impact Auto Auctions,” said Dale Harnden about the transaction. “It’s been wonderful doing business with the team from Impact Auto Auctions who we’ve come to know and trust over the last 23 years. We’re excited about this opportunity and we expect this relationship will only grow stronger in the years to come.”

The Harndens will continue to support and consult with SAA during and after the transition. The business will continue to operate under the Sudbury Auto Auction name going forward. The purchase of SAA will give Impact Auto Auctions’ Remarketing Division the opportunity to expand into northern Ontario.

For more information about Impact Auto Auctions, please visit www.impactauto.ca.

Media Inquiries:

Jeanene O’Brien
SVP, Global Marketing and Communications
(708) 492-7328
jobrien@iaai.com


Analyst Inquiries:

Caitlin Churchill
ICR
(203) 682-8200
investors@iaai.com

About IAA, Inc.

IAA, Inc. (NYSE: IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique multi-channel platform processes approximately 2.5 million total-loss, damaged and low-value vehicles annually. Headquartered near Chicago in Westchester, Illinois, IAA has nearly 4,000 talented employees and more than 200 facilities throughout the U.S., Canada and the United Kingdom. IAA serves a rapidly growing global buyer base – located throughout over 135 countries – and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organizations. Buyers have access to innovative vehicle merchandising, efficient evaluation services and digital bidding tools, enhancing the overall purchasing experience. IAA offers sellers a comprehensive suite of services aimed at maximizing vehicle value, reducing administrative costs, shortening selling cycle time and delivering the highest economic returns.


Forward-Looking Statements

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