KAR Acquires GRS Remarketing

KAR Auction Services, a provider of end-to-end vehicle remarketing services, has acquired GRS Remarketing Limited (GRS), a subsidiary of Greenhous Group Limited.

"During the past 20 years, GRS has established a successful online vehicle remarketing business in the UK through robust technology, effective sales and operations, a healthy buyer network and strong relationships with commercial customers," said Jim Hallett, KAR CEO and chairman. "KAR is committed to international growth, and the acquisition of a leading technology business like GRS complements our wide range of vehicle remarketing services."

GRS will be renamed ADESA UK following the completion of the sale. Jonathan Holland, vice president of business development for ADESA UK, will assume the position of managing director.

"With more than 30 years in vehicle remarketing in both the UK and mainland Europe, Jonathan possesses the experience and reputation to successfully build our UK business," said Benjamin Skuy, executive vice president of international markets and strategic initiatives for KAR.