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Letter to the Editor
Friday July 9
Insurance Auto Auctions Acquires Mid-South Salvage in Jackson, Mississippi
Insurance Auto Auctions, Inc. has announced the acquisition of Mid-South Salvage LLC, a 15-acre operation located in Jackson, Mississippi. The new site holds bi-weekly onsite auctions and houses a VIC (Vehicle Inspection Center) for its insurance company customers. The site represents the company's first operation in the state of Mississippi, but will cost effectively leverage existing operations in Baton Rouge, La. and Little Rock, Ark. The Company plans to install its new IT system in the branch in the near future."We are pleased to announce the Jackson acquisition, as it fits perfectly with our ongoing growth strategy of cost-effectively leveraging existing operations," said Tom O'Brien, CEO of IAA. "The addition of this new location fills a clear void in our coverage of the southern United States, giving us the opportunity to provide better service to both existing and potential customers in the area. We will remain focused on achieving similar market penetration through continued cost-effective acquisitions going forward."
Insurance Auto Auctions, Inc., founded in 1982, currently has 77 salvage vehicle auction sites across the United States.
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