Insurance Auto Auctions Opens in Las Vegas Market

. January 21, 2008

AuctionPublicity.com – WESTCHESTER, Ill – Insurance Auto Auctions, Inc., a leader in automotive total loss and specialty salvage services in the United States, today announced the completion of the B&E Auto Auction (“B&E”) acquisition in Henderson, Nevada and will immediately begin servicing the entire Southern Nevada region which includes the greater Las Vegas area.

“B&E established a solid reputation over the last 30 years with vehicle providers and buyers as well as within the local community. As an organization we look forward to strengthening those relationships as we expand the service offerings available to clients there,” said Tom O’Brien, President and CEO of IAA. “In addition, we believe that our hybrid bidding model that combines live auctions with live auction internet bidding through I-bid LIVEsm, will generate for vehicle providers in Nevada the best returns the industry has to offer in this exciting marketplace.”

The Ellis family will continue to own and operate the towing division which will be managed by Don Ellis. Robert Ellis will continue to be active in the business, providing IAA with consulting services with respect to the salvage pool activities and will continue work on federal and state legislation affecting insurers and the salvage vehicle industry.

About Insurance Auto Auctions

Insurance Auto Auctions, Inc., founded in 1982, a leader in automotive total loss and specialty salvage services in the United States, provides insurance companies with cost-effective, turnkey solutions to process and sell total-loss and recovered-theft vehicles. The Company currently has 122 sites across the United States and 12 in Canada which operate under the name of “Impact Auto Auctions.”

Additional information about Insurance Auto Auctions, Inc. is available on the World Wide Web at www.iaai.com

Category: Auction News

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