Insurance Auto Auctions Opens El Paso Facility

July 6, 2004

Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced the opening of a new greenfield facility in El Paso, Texas.

This new 8-acre facility will provide additional coverage in the state of Texas, leveraging branches in Austin, Corpus Christi, Dallas/Ft. Worth, Houston, Longview and San Antonio. Due to its strategic location in the western tip of Texas, the new El Paso location will also provide support for the company’s Albuquerque, New Mexico branch by serving the southern third of New Mexico. IAA’s new IT system has been installed in the new location, allowing the operation to immediately leverage its reporting and processing capabilities.

“We opened this branch specifically to provide additional service to our existing customers in Texas and New Mexico, and with its addition the El Paso facility helps us solidify this key state and the region overall,” Tom O’Brien, CEO of IAA, said. “This location cost effectively leverages our existing locations in Texas and New Mexico and we will continue to look for additional opportunities that will allow us to better serve our existing and potential customers in the area.”

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