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, […]
IAA Expands Market Alliance Network in El Salvador
IAA, Inc. (NYSE: IAA) announced that it has expanded its market alliance network in El Salvador with Trans-Auto S.A. de C.V. This business will operate an IAA Auction Center in the center of the capital city, San Salvador. They will help buyers in the area register with IAA, bid on and pay for vehicles, transport, […]
IAA Receives Final UK Regulatory Approval of SYNETIQ Acquisition
IAA, Inc. (NYSE: IAA) today announced that the UK’s Competition and Markets Authority (CMA) has cleared IAA’s acquisition of SYNETIQ Ltd., an integrated salvage and vehicle dismantling company in the United Kingdom, for £225 million ($301 million). The businesses were previously required to be held separate under an initial enforcement order (IEO) issued by the […]
IAA Expands Branch and Breaks Ground on New Branch in California
IAA, Inc. (NYSE: IAA) announced that it has completed a branch expansion at IAA Fontana and has broken ground on a new branch to meet growing demand in Southern California. The new IAA Los Angeles North branch will offer state-of-the-art facilities to support increased customer capacity needs. “This expansion and new branch will bring needed […]
IAA Secures Ground for New UK Branch in Bristol
IAA, Inc. (NYSE:IAA) announced that it has secured ground for the construction of a new full-service facility in Bristol, located in the southwest region of the United Kingdom. The additional capacity resulting from the new location will help to meet growing demand in the region. “The Bristol branch demonstrates IAA’s strong, ongoing commitment to investing […]
IAA and Fastlane Partner to Streamline Total Loss Claims Settlements
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 […]
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