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IAA Opens Third Branch in Houston Metro Area

June 13, 2019

Company Continues Growth with 17th Branch in Texas

Insurance Auto Auctions Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc. (NYSE: KAR), announces the opening of its third location in the Houston metro area and the 17th branch in the state to accommodate increased customer needs. The new location, IAA Houston South, is approximately 35 miles from Houston and will strategically enhance IAA’s ability to serve the growing metropolitan area as well as the hurricane-prone coastal Texas areas.

“We continue to make strategic investments to meet our customers’ needs by creating a better marketplace to connect sellers and buyers,” said John Kett, CEO and president of IAA. “Texas is one of our largest markets. This new branch offers more than 125 acres of capacity and will help us serve the growing volume from our customers, as well as provide support for potential catastrophic weather events.”

IAA Houston South will offer the latest in vehicle auction technology, including a vehicle check-in area designed for IAA 360 View™ imaging and IAA Inspection Services™. The branch will also include a vehicle inspection center (VIC) space for insurance clients. The new lobby and conference rooms provide customers and employees with ample meeting and training space.

So far this year, in addition to this new Houston South branch, IAA has made significant land investments across the country, with over 11 facility expansions totaling approximately 300 acres, and opened a new facility in Lexington, South Carolina.