The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.
This new location is one of 11 IAA branch facilities in the state of Florida.
The expansion was in response to strong demand and increasing inventory needs of our customers.
IAA has relocated its Jacksonville, Fla. branch. This branch is one of 11 the company operates in Florida.
The platform has been in use throughout the company's Canadian operations since 2016, but it is now bringing it to the U.S. market.
IAA has acquired DDI Technology, an electronic lien and title technology firm that is directly integrated with over 4,400 financial institutions and DMVs in 26 states.
The new location, IAA Houston South, sits approximately 35 miles from Houston and will strategically enhance the company's ability to serve the growing metropolitan area and the coastal Texas areas, the company announced.
KAR Auction Services' ADESA business unit sold 367,000 vehicles through a digital channel in the first quarter of 2019, an increase of 58,000 year-over-year.
Insurance Auto Auctions has appointed Vance Johnston as its new chief financial officer.
Insurance Auto Auctions, Inc. has opened IAA Lexington, its fourth location in South Carolina, in order to accommodate its newly expanded customer volume needs.
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