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March 29, 2015 6:35 PM 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, Member of Compensation Committee, Chairman of KAR AUCTION SERVICES INC, Chairman of KAR Holdings Inc and Chief Executive Officer of KAR Holdings Inc
Age: 54
Director, Member of Compensation Committee, Chief Executive Officer of ADESA Auctions, Chief Executive Officer of KAR AUCTION SERVICES INC and President of ADESA Auctions
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 Columbus and Cleveland Branches

Insurance Auto Auctions, Inc. announced expansions in its Columbus and Cleveland branches as it responds to the demands of the winter season. The Cleveland branch, located on 7437 Deer Trail Lane in Lorain, Ohio, has added 9.5 acres as an overflow site. It is scheduled to open on February 1, 2015. IAA has also increased its capacity to service the Columbus area, opening 420 Stimmel Road as an expansion of the existing branch.

Insurance Auto Auctions Reopens its Facilities in Providence Rhode Island and Altoona Pennsylvania

Insurance Auto Auctions, Inc. announced the reopening of its facilities in Providence, Rhode Island and Altoona, Pennsylvania. The Altoona facility is located at 15369 Dunnings Highway, East Freedom, Pennsylvania. The Providence facility is located at 160 Amaral St., East Providence, Rhode Island.

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.

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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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