IAA, Inc. (NYSE: IAA) announced the expansion of its Indianapolis branch. This investment will increase the branch’s ability to support new customer demand in Indianapolis and the surrounding metropolitan area. “This expansion brings needed resources to the Indianapolis branch and brings us to over 70 acres of capacity,” said John Kett, Chief Executive Officer and […]
Impact Auto Auctions Expands Branch in London, Ontario
Impact Auto Auctions, a subsidiary of IAA, Inc. (NYSE:IAA) announced the expansion of its London, Ontario, branch. This investment increases the branch’s gross acreage by nearly 25 percent. The London, Ontario, branch is one of six Impact Auto Auctions branches in Ontario. “This expansion further solidifies our leadership position in both the Ontario market as […]
IAA Reports Second Quarter Revenue Growth of 10%
Reports year-to-date revenue growth at 7.9% IAA, Inc. (NYSE: IAA) today announced consolidated revenues for the second quarter of 2019 that ended June 30 increased 10.0% to $366.4 million from $333.2 million in the second quarter of fiscal 2018, primarily due to increased volumes of approximately 6% and higher revenue per vehicle of approximately 4%. […]
IAA Expands Phoenix Location
IAA, Inc. (NYSE: IAA) announced the expansion of its Phoenix branch. This investment supports increased customer demand in the state. “We look forward to the additional operational capabilities this investment brings to this branch,” said John Kett, Chief Executive Officer and President of IAA. “Our Phoenix customers will benefit from the increased capacity.” “This investment […]
IAA Adds Location in Houston, Texas and Expands McAllen Branch
IAA, Inc. (NYSE: IAA) on August 2 celebrated the grand opening of its Houston South facility, located in Rosharon, Texas. IAA Houston South is the 17th branch in the state and will help accommodate increased customer capacity needs. It is located approximately 35 miles from Houston and will strategically enhance IAA’s ability to serve the […]
IAA Acquires DDI Technology
IAA, Inc. (NYSE:IAA) announced today its acquisition of DDI Technology, an electronic lien and title technology firm directly integrated with over 5,370 financial institutions as well as DMVs in 25 states. DDI’s technology solutions are focused on several key areas of the title and lien release management including electronic vehicle registration, electronic lien and title […]
IAA Announces Board of Directors
IAA, Inc. (NYSE:IAA) announced the members of its Board of Directors following the company’s recent spin-off from KAR Auction Services, Inc. (NYSE:KAR). John P. Larson has been named Chairman of the Board of IAA. Larson had served as the Lead Independent Director of KAR Auction Services since June 2014 and has been Chief Executive Officer […]
IAA Completes Separation from KAR Auction Services
IAA, Inc. (NYSE:IAA) today completed its separation from KAR Auction Services, Inc. (NYSE:KAR). IAA’s common stock will begin trading today on the New York Stock Exchange under the symbol IAA. “We are excited for IAA to enter the public markets as a strong, independent company. As a standalone publicly traded company, IAA will continue to […]
IAA Opens Third Branch in Houston Metro Area
Insurance Auto Auctions Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc. (NYSE:KAR), announces the opening of its third location in the Houston metro area and the 17th branch in the state to accommodate increased customer needs. The new location, IAA Houston South, is approximately 35 miles […]
KAR Board of Directors Approves Insurance Auto Auctions Spin-Off
KAR Auction Services Inc. (NYSE: KAR) announced today that its board of directors formally approved the separation of its salvage auction business from KAR through a distribution of all of the outstanding shares of common stock of its wholly-owned subsidiary, IAA Spinco Inc. that will be renamed IAA, Inc., to KAR stockholders on a pro […]
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