WESTCHESTER, IL – Insurance Auto Auctions (IAA) has signed a definitive agreement to purchase the assets of Lenders & Insurers', including its three locations throughout the state of Iowa. These locations, in Des Moines, Cedar Falls, and Sioux City, will soon convert to IAA's computer operating platform and will be implemented with the I-bid LIVE Internet bidding product.

The acquisition of three locations in Iowa expands IAA's footprint even further in the Midwest and allows the company to service the entire state through its network of sites. The new facilities will provide additional geographic support to clients who already utilize existing IAA facilities in Illinois, Missouri, Nebraska, and Minnesota.