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Thursday May 10

Insurance Auto Auctions Announces Greenfield Facility In Albuquerque, New Mexico

SCHAUMBURG, Ill. -- Insurance Auto Auctions, Inc.,a provider of automotive salvage and claims processing services in the United States, has announced the acquisition of a new greenfield facility in Albuquerque, New Mexico. The new facility enables IAA to handle salvage within the entire state of New Mexico, leveraging existing market coverage in both Arizona and Texas.

"Our expansion into New Mexico is another example of our ongoing commitment to providing the kind of salvage services our customers have come to expect in the markets we serve," commented Tom O'Brien, Chief Executive Officer. "Going forward, we will continue to seek other growth opportunities that complement our existing operations."

Insurance Auto Auctions, Inc., founded in 1982, currently has 58 sites across the United States.

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