KAR Auction Services, Inc. announced that its subsidiary, ADESA, Inc., has successfully completed the acquisition of eight auctions owned by the Brasher family and includes its floorplan financing business.
The eight locations will be renamed: ADESA Salt Lake, ADESA Brasher’s (Sacramento), ADESA Portland, ADESA Boise, ADESA San Jose, ADESA Northwest (Eugene), ADESA Reno and ADESA Fresno. Brasher’s key corporate and local auction personnel will maintain leadership roles across the Brasher auctions.
“Finalizing the acquisition of these eight auction sites is great for our customers and our employees. It allows us to provide an even wider assortment of services to dealers at these new locations and leverage the strength of the entire KAR group of companies,” said KAR Chairman of the Board and CEO Jim Hallett. “The Brasher family has a long history in our industry as a premier auto auction and is a great fit with our organization.”
The addition of these auctions now gives ADESA 74 whole car auction locations in the United States, Canada and Mexico.