As part of a national expansion, Total Resource Auctions, a subsidiary of Manheim, will acquire four salvage auction companies operating at 11 locations.
The acquired companies are Klode Salvage Distribution Center, Inc., S.A.I.S.C., Inc., Sapulpa Auto Pool, Inc., and SourceOne Solutions. As part of the transaction, all existing partners and management will remain with the business under a multiyear agreement, ensuring business operations and customer service remain intact. The deal also includes AIMS Software, a leading salvage auction technology company that offers direct interface to customers, including key insurance customers.
The addition of these 11 locations will expand Total Resource Auctions’ coverage areas into new markets in Alabama, Oklahoma, Colorado, and Wyoming, and expand operations in Arizona, growing the number of Total Resource Auctions locations serving customers from 44 to 55 sites across the United States and Canada. In addition, Total Resource Auctions will strengthen its existing operations by leveraging proven processes, market expertise, and connectivity to insurance industry technology.
“This investment offers us tremendous opportunities to deliver enhanced value to customers in the salvage industry and reinforces Manheim’s leadership in all sectors of the vehicle remarketing industry,” said Manheim president and CEO Dean Eisner.
The new locations acquired are:
- Klode Salvage Distribution Center, Inc.: Littleton, Colo.; Montrose, Colo.; Casper, Wyo.
- Klode Heavy Equipment Division: Denver, Colo.
- Sapulpa Auto Pool, Inc.: Tulsa and Oklahoma City, Okla.
- S.A.I.S.C., Inc.: Tucson and Phoenix, Ariz.
- SourceOne Solutions: Birmingham, Decatur, and Mobile, Ala.