Insurance Auto Auctions Announces Successful Integration of Verastar Locations
Published July 30th, 2008
WESTCHESTER, Ill – Insurance Auto Auctions, Inc. the leading North American salvage auto auction company today announced the successful first phase integration of six original Verastar locations including Bowling Green and Paducah, Kentucky; Chattanooga, Knoxville and Nashville, Tennessee; and Asheville, North Carolina. The integrated locations are now functioning under IAA’s operating model and proprietary technology structure ensuring a consistent level of service delivery. The company acquired all eleven Verastar locations in February of this year and will complete the second phase of branch integrations next month with the remaining five locations including three in the Atlanta market as well as Savannah and Tifton, Georgia.
The new eleven IAA locations will provide buyers with over 35 additional auctions each month through the industry’s most inclusive auction model, IAA’s hybrid design, which combines live and internet based auctions. This expansion positions IAA as the single leading salvage auto auction company in the Southeast with the most locations.
“Purchasing the eleven Verastar locations supports our goal of giving salvage providers and buyers the most expansive North American facility footprint,” stated Tom O’Brien, CEO. “Our continued sole focus and investment in the salvage auto auction industry ensures quality service to our clients and continued growth of our shared industry.”
Auction info www.iaai.com
