IAA, Inc. (NYSE: IAA) announced a strategic industry partnership with Fastlane, a process automation technology company, to leverage its LossExpress solution, a secure platform that connects insurers with the largest active lienholder network in the United States. As the exclusive salvage provider partner to Fastlane, IAA is now positioned to become the first salvage company […]
IAA Acquires Integrated Salvage and Vehicle Dismantling Company in UK
IAA, Inc. (NYSE: IAA) announced an agreement to acquire the stock of SYNETIQ Ltd., a leading integrated salvage and vehicle dismantling company in the United Kingdom, for £225 million ($309.75 million). IAA, Inc. will acquire the stock of SYNETIQ through its indirect wholly owned subsidiary IAA International Holdings Limited. Founded in 2019 from the merger […]
IAA Adds New Colorado Branch and Relocates in South Carolina
IAA, Inc. (NYSE: IAA) announced a new branch, located in Colorado Springs, Colo., bringing the total number of branches in the state to four. The new branch will provide increased service in the southern part of the state. In addition, the company has relocated and expanded its IAA Lexington, S.C. branch to meet growing demand […]
IAA Announces 2 New Branches and Branch Expansion on East Coast
East Coast capacity increasing to support catastrophe-prone areas. IAA, Inc. (NYSE: IAA) announced it broke ground on two new state-of-the-art branches in Maryland and New York, as well as an expansion in the Long Island, NY area. IAA Elkton (MD) will become the fifth branch in Maryland. IAA Monticello (NY) will support the Hudson Valley […]
Susan Healy Named Executive Vice President and CFO at IAA
IAA, Inc. (NYSE:IAA) announced that effective September 1, Susan Healy will join the company as executive vice president and chief financial officer. Healy is a finance and Wall Street veteran with more than 25 years of experience driving growth and operational improvement at a number of highly respected, multinational companies. Healy will succeed Vance Johnston, […]
IAA Breaks Ground on New Locations in Minnesota and Indiana
IAA, Inc. (NYSE: IAA) announced that it has broken ground on the construction of two new state-of-the-art branches in Minnesota and Indiana. IAA Minneapolis South (MN) will become the second in Minnesota and will provide significant inventory storage and updated facilities to serve the growing needs of the Twin Cities area. IAA Indianapolis South (IN) […]
IAA Announces Second Quarter 2021 Revenue of $445 Million
IAA, Inc. (NYSE:IAA) announced consolidated revenues increased 50.0% to $445.1 million in its second quarter that ended June 27 from $296.8 million in the second quarter of fiscal 2020. Foreign currency movements resulted in a benefit of $5.9 million to revenue for the quarter. Excluding this impact, organic revenue increased 48.0% to $439.2 million, consisting […]
IAA Announces New Payment Option for UK Buyers
IAA, Inc. (NYSE: IAA) announced that its UK-based business unit has expanded its payment offerings through the addition of Payit by NatWest, a fast, safe and secure mobile transaction and digital payment solution. Using Payit, IAA buyers can make payments directly from their bank accounts for vehicles purchased. “Payit saves our buyers time and creates […]
IAA Partners with Marhaba Cars Auction in the United Arab Emirates
IAA, Inc. (NYSE: IAA) announced a strategic partnership with Marhaba Cars Auction located in the United Arab Emirates. Marhaba Cars Auction is a provider of online and in-person vehicle auctions and related shipping services. Marhaba Cars Auction will manage IAA’s Auction Center in the city of Sharjah, UAE, a major hub of the country’s repairable […]
IAA Acquires Auto Exchange
Expands company’s footprint in New Jersey market. IAA, Inc. (NYSE: IAA) announced today that it has acquired the entirety of the assets of Marisat, Inc. that does business as Auto Exchange, a salvage recovery industry leader in New Jersey. IAA will operate the business of Auto Exchange going forward. Financial terms of the transaction were […]
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