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Thursday July 7

Insurance Auto Auctions Announces Acquisition in Charleston, South Carolina

Insurance Auto Auctions, Inc. has announced the acquisition of Sadisco of Charleston, located just outside Charleston, in Ravenel, South Carolina. The 32-acre facility includes an indoor inspection center and additional space for future expansion. The acquisition will allow IAA to service the Charleston and surrounding area more efficiently with the expanded acreage and more versatile building space.

"We remain focused on identifying opportunities to enhance our customer service levels, and this acquisition will allow us to do that in the Charleston area, as well as throughout the state of South Carolina," said Tom O'Brien, CEO of IAA. "We are excited by the outstanding returns our auction methodology is generating for our customers and the opportunity to continue to improve our service offering and expand our geographic coverage in the future."

Insurance Auto Auctions, Inc., founded in 1982, currently has 80 vehicle auction sites across the United States.

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