As part of a major national expansion, Total Resource Auctions, a subsidiary of Manheim, will acquire four salvage auction companies operating at 11 locations. The addition of these locations will expand Total Resource Auctions’ coverage areas into new markets in Alabama, Oklahoma, Colorado and Wyoming and expand operations in Arizona, increasing the number of Total Resource Auctions locations to 55 across the United States and Canada.

The deal also includes AIMS Software, a leading salvage auction technology company that offers direct interface to customers, including key insurance customers.
In addition, Total Resource Auctions will strengthen its existing operations by leveraging proven processes, market expertise and connectivity to insurance industry technology.

“This significant investment underscores our commitment to become a national provider in the salvage industry,” said Jamie Porter, president, Total Resource Auctions.

Manheim is a provider of vehicle remarketing services. In 2007, Manheim handled nearly 10 million used vehicles, facilitating transactions representing more than $59 billion in value. Manheim’s subsidiary companies provide value-added remarketing products and services, including paintless dent removal (Dent Wizard), auto body repair, and salvage vehicle remarketing.

www.totalresourceauctions.com

Posted: 03|20|08 at 8:10 am. Filed under: Press Release.