Press Release
Insurance Auto Auctions Celebrates the Louisville North Branch Grand Opening
Published February 26, 2016 - Written by IAA, Inc
The Henry County Chamber of Commerce President Welcomes IAA to Eminence
WESTCHESTER, Ill., February 26, 2016 — 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, held a grand opening February 22 marking its newest location, the IAA Louisville North branch in Eminence, Kentucky. The opening further demonstrates IAA’s commitment to its customers through continued expansion in the region which is a growing marketplace for IAA buyers and sellers.
“The IAA Louisville North facility will expand the company’s presence in the area by providing buyers and sellers with greater convenience and access to increased inventory,” said John Kett, CEO and president, Insurance Auto Auctions, Inc. “We are dedicated to strategically increasing our locations in order to better serve our existing and future customers, and this Kentucky branch adds to the company’s growing footprint in the industry, with more than 170 locations in North America.”
The grand opening and ribbon cutting brought together regional buyers, members of the community, and local officials including Henry County Chamber of Commerce President Holly Kinderman to celebrate the economic opportunities that IAA is bringing to the Eminence community. Over 150 vehicles were sold at the auction, including a 2013 Rolls-Royce Ghost that sold for $93,000.
“Along with our current locations in Louisville, Ashland, Bowling Green and Paducah, IAA recognized the need for an additional branch location to meet the region’s growing demand,” said Jeanene O’Brien, vice president of global marketing, IAA, who attended the grand opening. “Eminence also provides good access for our clients who would attend weekly auctions in person, and offers convenience to the major markets of Louisville, Lexington and Cincinnati.”
The IAA Louisville North location includes a 9,000-square-foot, state of the art facility that sits on 30 acres of land, leaving the branch ample room for future growth.
IAA Louisville North is located at 891 Ballardsville Road, Eminence, KY 40019. The grand opening live and live-online auction was on Monday, February 22 with subsequent auctions occurring every other week on Mondays. For more information, call the IAA Louisville North branch at 502-215-4804 or go to IAA’s branch Information page at www.iaai.com. For a list of IAA’s 170+ locations in North America, go to https://iaa- auctions.com/locations.
Media Inquiries:
Jeanene O’Brien SVP, Global Marketing and Communications
(708) 492-7328
Analyst Inquiries:
Caitlin Churchill
ICR
(203) 682-8200
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.
