Impact Auto Auctions Opens Canada’s Largest Auto Salvage Auction in Edmonton
Published October 3, 2016 - Written by IAA, Inc.
Edmonton, AB (October 3, 2016) – Impact Auto Auctions Ltd., a subsidiary of Insurance Auto Auctions (IAA) and a business unit of KAR Auction Services (NYSE: KAR), today welcomed more than 250 auto industry professionals and local dignitaries at the grand opening of its new Edmonton auto salvage auction facility. Located at 26419 Twp. Road 525A in Acheson, Alberta, the facility, which features 47 acres of vehicle storage, and a 12,500 square foot office, auction and inspection building, is the largest of its kind in Canada.
“Today we continue our expansion in northern Alberta with the official opening of our largest facility to date,” said Terry Daniels, Impact’s Managing Director. “We are extremely excited about delivering an enhanced service experience to our customers in this market, and look forward to continuing our support of the Greater Edmonton business community and our local community partners for many years to come.”
Designed with an elevated customer experience in mind, Impact Edmonton features a large buyer reception and service area, a series of dedicated appraisal offices, and Impact’s dual auction lane configuration which saves buyers time by enabling them to safely view multiple auction vehicles at once. The new site also increases the company’s vehicle capacity in the market by 50 percent, enabling Impact to consolidate its Greater Edmonton operations into a single facility.
“On behalf of Parkland County Council, we are pleased to welcome Impact Auto Auctions to Acheson,” said Mayor Rod Shaigec. “Acheson is a growing industrial hub just west of Edmonton and home to a variety of growing businesses. We’re looking forward to building a great relationship with Impact and working together to enhance the local economy.”
Supporting local communities is a priority for Impact and as part of the grand opening celebrations, Impact donated $10,000 to the local Canadian Red Cross which continues to support families and individuals recovering from the Fort McMurray wildfires. Over the summer, Impact employees also worked with local authorities to remove more than 1,000 vehicles in the region, an essential first step in beginning the cleanup and rebuilding effort in the community.
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.
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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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