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 […]
Peg Burr Named SVP of Product Management at IAA
IAA, Inc. (NYSE: IAA) has appointed Peg Burr as Senior Vice President of Product Management. Burr will leverage her extensive product strategy and management expertise to further the product leadership position that IAA has established in the industry. “We are excited to welcome Peg to the team,” said IAA CEO and President John Kett. “She has extensive […]
IAA Delivery Service Expands in the UK
IAA, Inc. (NYSE: IAA) today announced that its UK-based business unit has expanded its vehicle delivery service for its buyers. Following several technology modernization investments, this expansion enables IAA to deliver vehicles anywhere on the UK mainland. Leveraging IAA’s expanded vehicle transporter fleet as well as the company’s INFORM Transportation Management System (TMS) software, buyers […]
IAA Relocates Fort Myers Branch
IAA, Inc. (NYSE: IAA) announced the relocation of its Fort Myers, Florida branch. One of 11 IAA branch facilities in the state, the new location includes increased capacity and innovation to support the large Florida market, an area which typically experiences frequent catastrophic weather events. “We continuously strive to make improvements that provide the best […]
IAA Announces New Location in Kansas City
IAA, Inc. (NYSE:IAA) announced a new branch location in the growing Kansas City market. The Kansas City East location will be the second branch in the area and will help accommodate increased customer capacity needs. “The new location more than doubles our current footprint in the Kansas City area, providing much-needed capacity in this rapidly […]
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