WESTCHESTER, IL – Insurance Auto Auctions, Inc. (IAA), an automotive total loss and specialty salvage service, has entered into an agreement to purchase the assets of Indiana Auto Storage Pool (IASP). IASP operates two locations in Indiana – a 45-acre facility in Indianapolis and a 15-acre site in South Bend. IAA expects the acquisition to close by the end of April.
The purchase of the IASP locations represents a strategic move for the company, expanding IAA’s footprint in the Midwest and complementing existing locations in Illinois and Michigan. Once the purchase is finalized, IAA will deploy the enhanced I-bid LIVE online bidding platform, providing buyers the option to bid on vehicles in real-time via the Internet.