May 13, 2008

Insurance Auto Auctions Adds Delaware Facility

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WESTCHESTER, Ill. --- Insurance Auto Auctions Inc., a leader in automotive total loss and specialty salvage services in North America, announced the acquisition of Joe Horisk’s Salvage Pool in Newcastle, Del. 

The acquisition extends IAA's footprint in the Northeast and provides additional regional coverage to IAA's vehicle providers. The facility features a yard capacity of over 2,000 vehicles and will provide buyers with greater overall product selection from which to purchase vehicles, either in person at the live auction or soon through I-bid LIVEsm.

"We are pleased to add the Newcastle auction facility and look forward to providing auction services there that will cover the entire state of Delaware and the surrounding communities in Pennsylvania and Maryland," said Tom O’Brien, president and CEO of IAA. "This acquisition is a result of our ongoing effort to expand our presence in markets where we can better serve the needs of our vehicle providers."

Insurance Auto Auctions is a leading automotive total-loss and specialty salvage remarketer in North America. The company has 137 sites across the United States, along with 12 in Canada that operate under the Impact Auto Auctions brand. 

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