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 […]
IAA Expands Two Louisiana Locations to Bolster CAT Preparedness
Two locations in hurricane-prone region converted to permanent CAT yards. IAA, Inc. (NYSE:IAA) announced the expansions of the Crowley and Scott CAT yards near Lafayette, La. These full-term conversions of CAT yards into permanent facilities support IAA’s long-term capacity strategy in this hurricane-prone region. “IAA’s continued investment in hurricane-prone areas, like southern Louisiana, helps to […]
IAA Expands and Relocates Its UK Head Office
IAA, Inc. (NYSE:IAA) announced that its UK-based business unit is relocating and expanding its southern UK head office in order to meet the demands of both current and new customers. The current office, IAA House, will be retained as an expanded Customer Service center. “The expansion and relocation of our southern UK head office demonstrates […]
IAA Appoints Michael Sieger to Board of Directors
Board forms operations committee. IAA, Inc. (NYSE:IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it has appointed Michael Sieger to its Board of Directors, effective immediately as of the conclusion of the Company’s 2022 annual meeting of stockholders. As a result of the appointment, IAA’s Board will expand to 10 […]
IAA Expands Branch in Central California
IAA, Inc. (NYSE: IAA) announced the expansion of the IAA Fresno (CA) branch. This investment increases the branch’s capacity by over 50% to support additional client needs in the area. The San Joaquin Valley is a key market, and this expansion further solidifies IAA’s commitment to its buyer and seller clients. “Expanding the IAA Fresno […]
IAA Expands Illinois and Iowa Branches
IAA, Inc. (NYSE: IAA) announced the expansion of branches in Iowa and Illinois. Capacity has doubled at the IAA Des Moines (Iowa) branch and IAA St. Louis (Ill.) has increased capacity by approximately 30%. The expansions will help to meet increased demand in the growing Midwestern market. “The branch expansions in Illinois and Iowa will […]
IAA Announces New Global Market Alliance Auction Center in Ghana
IAA, Inc. (NYSE: IAA) announced a new market alliance agreement with Boacon Autos in the country of Ghana. A new IAA Auction Center there will complement the existing location in Lagos, Nigeria. Staff at these physical centers will help buyers learn about IAA and submit bids, as well as receive assistance with transportation, shipping, custom […]
Investor Calls for Leadership Change at IAA, Inc.
Ancora letter to IAA’s Board of Directors asserts new senior leadership is needed for the company to grow or the company should be sold. Ancora Holdings Group, LLC that together with affiliates owns approximately 2% of IAA, Inc. (NYSE: IAA) outstanding common stock has called for new leadership at the auction firm, or failing that, […]
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