QCSA Holdings Acquires Salvage Direct

May 19, 2010

Iowa-based QCSA Holdings Inc., a vehicle remarketing and total loss claims management company, has purchased salvage re-marketing firm, Salvage Direct.

Salvage Direct was founded in 1998 by Bob Joyce as the first online auction in the total-loss claims management industry. The company also specializes in commercial and catastrophic-loss management services.

The new entity is one of the nation’s largest salvage vehicle remarketing companies, with over 80 locations and more than 120,000 vehicles re-marketed annually.

QCSA Holdings Inc. is an owner-managed company led by industry veterans John Lindle and Jerry Sullivan, along with equity sponsors Kinderhook Industries. Founded in 2003, Kinderhook Industries is a private equity firm that manages $650 million of committed capital, specializing in management-led recapitalizations of entrepreneur-owned companies.

Source: QCSA Holdings Inc.

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