Press Release
Insurance Auto Auctions Expands Presence in the Baltimore Area
Published January 14, 2016 - Written by IAA, Inc
WESTCHESTER, Ill., January 14, 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, today announced the opening of the IAA Dundalk facility in Maryland. The opening further demonstrates IAA’s commitment to its customers through continued expansion and adds to the Company’s footprint in the industry, with more than 170 locations in North America.
“The IAA Dundalk facility will enhance the company’s presence in the greater Baltimore 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 committed to strategically expand our locations and this Maryland branch will support continued growth in the marketplace.
One of five locations in Maryland, the IAA Dundalk facility sits on nearly ten acres, and will provide expanded capacity for the growing Maryland marketplace.
The IAA Dundalk facility is located at 8143 Beachwood Road. The first live and live-online auctions began in late 2015. Preview and auction times vary for each of IAA’s facilities. For more information, call the IAA Dundalk branch at 410-919-9763 or go to IAA’s branch Information page at www.iaai.com.
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.
