Insurance Auto Auctions Opens Greenfield Facility in Duluth, Minn.

June 5, 2002

Insurance Auto Auctions Inc. a Schaumburg, Ill.-based provider of automotive salvage and claims processing services, announced the opening of a greenfield facility in Duluth, Minn.

Strategically located in the northern half of the state, the Duluth branch cost-effectively leverages the company’s current operations in Minneapolis/St. Paul and in Wisconsin.

Tom O’Brien, president and CEO of IAA, noted, “By building on our established presence in Minneapolis-St. Paul, we expect to ramp up operations in Duluth quickly and efficiently. This new location fits well into our core growth strategy of cost effectively expanding operations to reach new buyers and sellers in addition to helping us better serve our existing customers.”

Insurance Auto Auctions, founded in 1982, provides insurance companies with turnkey solutions to process and sell total-loss and recovered-theft vehicles. The company currently has 64 sites across the U.S.

Topics Auto Minnesota

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