Insurance Auto Auctions Increases Presence In Virginia
Published July 12, 2016 - Written by IAA, Inc
INSURANCE AUTO AUCTIONS INCREASES PRESENCE IN VIRGINIA
Culpeper Branch Represents the Newest Action in Nationwide Expansion Plan
WESTCHESTER, IL, July 12, 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 recent expansion of its branch in Culpeper, Virginia. The facility now encompasses 10 additional acres of usable property, presenting IAA with increased capacity to enhance operational capabilities.
One of six locations in Virginia, the now expanded 32 acre Culpeper facility highlights IAA’s strategic expansion in the growing industry. The expansion in Culpeper will enable customers to select from a larger inventory of vehicles with increased convenience, while also providing more flexibility and quality service to buyers and sellers. As part of IAA’s continued commitment to better serving its customers, the Culpeper site expansion incorporates many enhanced features, including a brand new garage and motorcycle storage area.
“The Culpeper expansion represents an important step in our efforts to expand our operations to better serve our loyal base of buyers and sellers,” said John Kett, IAA president and CEO. “The thriving marketplace enables us to effectively extend the company’s growing footprint and influence in the industry, with more than 170 locations in North America.”
The branch is located at 15201 Review Road Culpeper, VA 22701. Auctions will occur every Tuesday at 9:00 A.M. EST. For more information, call 540-825-2229 or go to IAA’s branch information page at www.iaai.com.
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.