January 28, 2015 9:37 AM ET

Commercial Services and Supplies

Company Overview of Insurance Auto Auctions, Inc.

Company Overview

Insurance Auto Auctions, Inc. provides live and live-online auto auction services in North America and internationally. It engages in facilitating the sale of total loss vehicles; and remarketing lightly damaged, high mileage vehicles for dealers, fleet lease companies, rental companies, and financial institutions. The company also provides services for selling agriculture equipment, construction equipment, emergency equipment, forestry equipment, fleet trucks, heavy trucks and trailers, material handling equipment, marine vehicles, and RVs; services for non-profit organizations to process and sell donated vehicles as a source of funding; and resources for charity vehicle donation programs. ...

Two Westbrook Corporate Center

Suite 500

Westchester, IL 60154

United States

Founded in 1982

1,161 Employees

Phone:

708-492-7000

Fax:

708-492-7078

Key Executives for Insurance Auto Auctions, Inc.

Chief Executive Officer and President
Age: 50
Chief Operating Officer and Senior Vice President
Age: 57
Chairman
Age: 54
Director
Age: 61
Chief Executive Officer of AFC and President of AFC
Age: 47
Compensation as of Fiscal Year 2014.

Insurance Auto Auctions, Inc. Key Developments

Insurance Auto Auctions Expands Presence in Tulsa and Des Moines Areas

Insurance Auto Auctions, Inc. (IAA) announced the expansion of two branches in Tulsa, Oklahoma, and Des Moines, Iowa. Both locations add to IAA's capacity to service customers in key markets and demonstrate IAA's continued commitment to providing buyers and sellers with greater convenience and access to increased inventory. IAA's Tulsa facility is located at 5311 W 46th Street S and will now utilize 24 acres with additional expansion opportunities. There is a fully-functioning auction facility that includes a 10,000 square foot building, and recycled asphalt was used for the top surface of the outside vehicle storage area in keeping with IAA's environmentally responsible culture. The Des Moines branch, located at 3277 Ute Ave. in nearby Waukee, Iowa, will now occupy 24 acres.

Insurance Auto Auctions Expands Omaha Facility

Insurance Auto Auctions, Inc. (IAA) announced the expansion of its IAA Omaha branch located in Springfield, Nebraska, approximately 7.5 miles from Omaha. The expansion adds approximately 11 acres, providing access to increased inventory and greater conveniences to both buyers and sellers in addition to meeting the demands for extensive Catastrophe (CAT) services. The IAA Omaha branch will now have approximately 30 total acres dedicated to Omaha and the surrounding regions. The facility features covered storage for specialty vehicles and dual auction lanes for Run and Drive vehicles. The expansion is driven by growing volume and the continued need for CAT services in the wake of natural disasters in the area such as tornadoes, severe storms, hail and floods.

Insurance Auto Auctions Expands Presence in Denver, CO with New Facility

Insurance Auto Auctions, Inc. (IAA) announced the opening of a new branch, Denver East, in Commerce City, CO. The branch will provide customers in the surrounding regions with more options and efficient service at auction. The new, fully-functioning, Denver East facility is located at 8510 Brighton Road in Commerce City, CO and increases IAA's capacity in the Denver market to 60+ acres. The facility was constructed to include a number of environmentally friendly attributes, including LED lighting, enhanced insulation materials and the use of recycled asphalt for the surface, fly ash for the base material and recycled concrete for the rock base. The new IAA facility offers greater convenience and additional services to customers in the Denver area and supports continued growth in the marketplace.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 29, 2014
Auction Systems Auctioneers & Appraisers, Inc., Facilities in Abilene and Amarillo
 

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