IAA, Inc. (NYSE:IAA) announced a strategic market alliance with Jumla Automotive Trading in the country of Qatar. Jumla will operate an IAA Auction Center in the city of Doha, helping local buyers in the region to research, bid, buy and transport vehicles from IAA auctions. As a new alliance, Jumla will leverage IAA’s AuctionNow bidding […]
Ritchie Bros. and IAA Receive Regulatory Clearances for Proposed Merger
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSE: RBA) and IAA, Inc. (NYSE: IAA), announced December 20 the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 and receipt of a no-action letter from the Canadian Commissioner of Competition with respect to the pending acquisition of IAA by Ritchie Bros. The […]
IAA Opens New Branches in Minnesota and Maryland
IAA, Inc. (NYSE:IAA) announced the opening of new branches in Minnesota and Maryland. IAA Minneapolis South (MN) is the second branch in Minnesota and provides significant inventory storage and updated facilities to serve the growing needs of the Twin Cities area. IAA Elkton (MD), the state’s fifth branch, supports growing demand in Baltimore and northern […]
Ancora Opposes IAA Sale to Ritchie Bros.
Ancora Holdings Group, LLC, that owns approximately 4% of the outstanding shares of IAA, Inc. (NYSE:IAA) yesterday released a letter to the IAA Board of Directors stating it opposes the proposed sale to Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSE: RBA) that was announced last week. “We have had long-standing concerns regarding IAA’s capital allocation, […]
Progressive Celebrates 10 Years of the Keys to Progress Program
Over 900 vehicles donated through program to military families. Progressive Insurance announced its 10th annual Keys to Progress vehicle giveaway taking place today. Ahead of Veterans Day, 100 veterans and military-related organizations across the country will receive the keys to vehicles that will provide reliable transportation, helping them and the veterans they serve get back […]
Ritchie Bros to Acquire IAA
Acquisition combines complementary businesses with vision to create a next-generation global marketplace for commercial assets and vehicles. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE: RBA) and IAA, Inc. (NYSE: IAA), announced an agreement for Ritchie Bros. to acquire IAA in a stock and cash transaction valued at approximately $7.3 billion including the assumption of $1.0 billion […]
IAA Expands in Arizona
IAA, Inc. (NYSE: IAA) announced that construction has been completed on a significant expansion to the IAA Phoenix branch. This continued investment has increased IAA’s footprint in the Phoenix, Ariz. area by nearly 30%, helping to support growing customer demand. “The added capacity from this expansion will significantly increase IAA’s presence in the Phoenix market […]
IAA Expands in Fresno and Los Angeles
IAA, Inc. (NYSE: IAA) announced capacity growth in two important California regions. IAA Fresno has expanded again to meet growing demand in the key market of the San Joaquin Valley. Significant capacity has also been added to meet customer needs in the densely populated Los Angeles market with the IAA Santa Clarita branch growing by […]
IAA Announces New Market Alliance in Cambodia
IAA, Inc. (NYSE:IAA) announced a strategic market alliance with Oversea Auto & Shipping in Cambodia. This business will operate an IAA Auction Center in the busy and densely populated capital city of Phnom Penh, providing local services and assistance to help buyers to purchase vehicles efficiently from IAA. Oversea Auto & Shipping will offer support […]
IAA Opens New Branch in New Jersey
IAA, Inc. (NYSE:IAA) announced the opening of its new state-of-the-art IAA Port Murray branch in Port Murray, N.J. As its sixth branch in New Jersey, the Port Murray facility increases IAA’s capacity by more than 30% in the state. This follows several recent strategic investments that have more than doubled IAA’s capacity in New Jersey […]
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