July 23, 2017 2:05 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. The company 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. It 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: 53
Chief Operating Officer
Chairman, Chairman of KAR AUCTION Svcs INC, Chairman of KAR Holdings Inc and CEO of KAR Holdings Inc
Age: 57
Director, CEO of ADESA Auctions, CEO of Kar Auction Services Inc and President of ADESA Auctions
Age: 64
Chief Client Officer and Senior Vice President
Age: 68
Compensation as of Fiscal Year 2017.

Insurance Auto Auctions, Inc. Key Developments

Insurance Auto Auctions, Inc. Announces the Construction of a New Facility Near Fort Worth, Texas

Insurance Auto Auctions, Inc. announced the construction of a new facility near Fort Worth, Texas. The new branch, scheduled to open in November 2017, is strategically located north of the Dallas-Fort Worth area and complements IAA branches in Grand Prairie and Wilmer. This is the 16th IAA location in the state of Texas. The new 200-acre facility will include 18,000 square feet of office, run & drive and warehouse space. The office space will include multiple conference rooms and offices that will be available for IAA's insurance customers to use for training claims adjusters on site.

Insurance Auto Auctions, Inc. Opens IAA Portland West in Portland, Ore

Insurance Auto Auctions, Inc. announced the opening of IAA Portland West, its newest branch in Portland, Ore. This marks IAA's third facility in the state, with additional branches in Portland and Eugene. This new facility expands the overall capacity needed for this marketplace by nearly 15%. As part of IAA's continued commitment to better serving its buyers, the facility includes large indoor bay space to accommodate the area's frequent inclement weather. The facility also provides additional acreage and storage space in anticipation of acute inventory increases due to severe weather events. IAA Portland West is located at 10498 N Vancouver Way Portland, Ore. 97217.

Insurance Auto Auctions Incorporated Expands to Savannah and Tifton, Georgia Facilities

Insurance Auto Auctions Incorporated is expanding to Savannah and Tifton, Georgia facilities. The growth of these facilities extends the company's footprint across the seven locations in the state and the company says that it demonstrates its commitment to responding to the increasing needs of its customers in this growing market.

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