Copart to Acquire Five Additional Auction Facilities in the UK

Copart Agrees to Purchase Bristol-based D Hales Limited

Copart UK Limited announced today that it has agreed to acquire D Hales Limited, a Bristol-based vehicle salvage disposal company with five auction and auto parts facilities located in Bristol (Avonmouth), Bedford, Colchester, Gainsborough and Luton. Prior to this acquisition Copart owned 13 auction and auto parts facilities in the UK and 147 facilities world-wide. The acquisition is expected to be complete on Jan. 22, 2010.

Copart UK provides vehicle suppliers, primarily insurance companies, with a full range of remarketing services to expose their product to buyers in more than 94 countries. Copart UK manages vehicle remarketing for businesses in the automotive and insurance sectors, handling everything from motorcycles and cars to trucks and RVs. Once a vehicle has been deemed a total loss, Copart UK collects it, transfers it to one of their facilities and takes digital images of it for its online auction. Copart UK may also take it to one of their self-service auto parts facilities or crushing locations.

“The purchase of D Hales Limited demonstrates Copart’s continuing investment within the UK,” said Copart UK Managing Director Nigel Paget. “It enables us to expand our UK presence by building on our international footprint and adding much needed capacity in response to current and expected business growth in the UK. This acquisition also adds to Copart’s efficiencies, reducing transportation costs and further reducing our carbon footprint. I look forward to welcoming our new colleagues to the Copart team on Jan. 22.”

About Copart:

Copart, Inc., headquartered in Fairfield, California, was founded in 1982 and includes 147 facilities in the United States, Canada and the United Kingdom. Copart’s North American facilities store vehicles to be sold in online vehicle auctions using its proprietary VB2 technology and do not include crushing or self-service auto parts facilities.

Copart’s North American locations provide insurance companies as well as other sellers a full range of remarketing services for both salvage and clean-title vehicles. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business.

Recently www.copart.com was also enhanced to make it easier for non-licensed buyers to search for and view vehicles available at its facilities in the United States and Canada.

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