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 […]
IAA Partners with CARFAX Canada on Vehicle History Reports
IAA, Inc. (NYSE: IAA) announced that non-branded, repairable IAA vehicles in Canada now include CARFAX Canada Vehicle History Reports. IAA’s Vehicle Details Page within the Auction Centre will now provide the most comprehensive vehicle history report available in Canada. This launch will allow buyers to fully view any available vehicle history report – with no […]
IAA Opens New Location in South Florida
IAA, Inc. (NYSE:IAA) announced a new branch located in West Palm Beach, Florida, bringing its total number of locations in the state to 11 and three in the market. The branch will provide increased coverage in South Florida and will assist in meeting the growing customer demand in the region. “This state-of-the-art branch in West […]
IAA Reports Second Quarter Revenue Up 16.9% to $520.3 Million
IAA, Inc. (NYSE: IAA) announced consolidated revenues increased 16.9% to $520.3 million in its second quarter ended July 3, from $445.1 million in the second quarter of fiscal 2021. Foreign currency movements had a negative impact of $4.1 million on revenue for the quarter. Revenue from our recent acquisitions of Auto Exchange and SYNETIQ was […]
IAA Opens New Hawaii Branch
IAA, Inc. (NYSE:IAA) announced the opening of new, full-service facility in Honolulu, Hawaii. This new location more than triples IAA’s capacity in the state, providing support to meet evolving client needs. IAA’s previous Honolulu location will be retained for overflow use and is also available for critical CAT situations as they arise. “We are thrilled […]
IAA Expands Presence in Indiana
IAA, Inc. (NYSE:IAA) announced the completion of the IAA Indianapolis South (IN) branch expansion and the start of construction on the new IAA Fort Wayne (IN) branch. These two investments will more than double IAA’s capacity in the state. The new Fort Wayne location will be IAA’s fourth branch in Indiana. “The added capacity of […]
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