Press Release
IAA Announces Relocation of Jackson, Mississippi Branch and Expansion of Grenada, Mississippi Branch
Published December 19, 2017 - Written by IAA, Inc.
WESTCHESTER, Ill. – December 19, 2017 – Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services (NYSE: KAR), announced the relocation of its Jackson, Mississippi branch to a larger facility in nearby Byram, as well as the expansion of its Grenada, Mississippi facility. The new facilities go from a combined 32 acres to more than 130 acres – offering expanded vehicle selection and inventory space for market growth as well as catastrophic events.
“Our clients in Mississippi have increasing inventory needs and these expansions will help us continue to offer our best-in-class customer service and auction experience,” said John Kett, CEO and president of IAA. “We can now host a single, dual lane weekly auction in Byram and offer greater capacity for vehicle volume resulting from potential catastrophic events, as well as growing client needs.”
The new IAA Jackson facility in Byram will include two new run and drive lanes, a state-of-the-art Vehicle Inspection Center (VIC) with covered vehicle inspection areas, ample space for on-site insurance customer staff, and increased security with thermal imaging cameras. It will host its auctions on Wednesdays, with preview days held every Tuesday. The newly expanded IAA Grenada facility provides additional inventory and storage space. It will host its auctions on Thursdays, with preview days held every Wednesday. Please check IAAI.com for hours of operation.
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.
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