Insurance Auto Auctions Notes Fla. Acquisition

Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, announced the acquisition of the Damaged Vehicle division of Manheim’s Orlando Orange County Auto Auction located in Orlando.

Representing IAA’s second facility in the state, this 24-acre branch will help solidify IAA’s coverage in central Florida by leveraging the Tampa Bay branch.

“Due to the significant number of people in the state, it goes without saying that Florida is a key market in the auto salvage industry,” said Tom O’Brien, CEO of IAA. “Therefore, we are very pleased to announce the Orlando acquisition because of the positive impact it can ultimately have on our overall business. We believe it was a very cost effective way to further penetrate this new large market.”