MISSISSAUGA, ON, Dec. 2, 2015 /CNW/ - Impact Auto Auctions Ltd., a subsidiary of Insurance Auto Auctions (IAA) and a business unit of KAR Auction Services (NYSE: KAR), today announced they have purchased the assets of Sudbury Auto Auction Ltd. (SAA). Located at 90 National Street in Sudbury, the auction, which covers 17 acres, serves the northern Ontario fleet and dealer communities. Through the transaction, Impact Auto Auctions also becomes the sole owner of Impact Auto Auction Sudbury.
"We are excited to be adding the talented team at Sudbury Auto Auction to our national auction network," said Terry Daniels, Managing Director at Impact Auto Auctions. "Owners Dale and Lynda Harnden have been great partners for more than 23 years in helping to develop and serve the northern Ontario salvage market. We look forward to leveraging the strengths of both businesses and continuing the great tradition of whole car services that SAA is known for in this important market."
Family-owned, SAA began its almost 30 year presence in the Sudbury community as an auction service in 1986, when Lynda Harnden's father built the business from scratch. SAA sells dealer, rental, lease, fleet, and finance vehicles. Secondary to that business is a public auto auction company known as Nor Ontario Auctions, which provides public buyers with the opportunity to purchase dealer, repo and corporate consigned vehicles at auction prices. This sale also includes commercial vehicles and a variety of recreational vehicles such as ATV's, boats, campers, motorcycles, snowmobiles and other items.
"We felt honoured to be asked to formally join Impact Auto Auctions," said Dale Harnden about the transaction. "It's been wonderful doing business with the team from Impact Auto Auctions who we've come to know and trust over the last 23 years. We're excited about this opportunity and we expect this relationship will only grow stronger in the years to come."
The Harndens will continue to support and consult with SAA during and after the transition. The business will continue to operate under the Sudbury Auto Auction name going forward. The purchase of SAA will give Impact Auto Auctions' Remarketing Division the opportunity to expand into northern Ontario.
For more information about Impact Auto Auctions, please visit www.impactauto.ca.
About Impact Auto Auctions
Impact Auto Auctions is Canada's leading live and live-online salvage vehicle auction company with 14 auction facilities in British Columbia, Alberta, Ontario, Quebec and Atlantic Canada. Impact's national service offering allows sellers to standardize processes across the country, and provides buyers with Canada's most extensive selection of salvage vehicles. Impact is a subsidiary of Insurance Auto Auctions (IAA), and a business unit of KAR Auction Services, Inc. (NYSE:KAR). For more information, please visit www.impactauto.ca.
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions is the leading live and live-online salvage vehicle auction company and a business unit of KAR Auction Services (NYSE: KAR). Headquartered in Westchester, Illinois, IAA has 170 auction facilities throughout North America offering towing, financing and titling services. With the most auction facilities in North America, IAA provides registered buyers from around the globe with millions of opportunities to bid on and purchase donated and salvaged vehicles. Since 1982, IAA has sold millions of vehicles through its weekly auctions for insurance companies, fleet and rental companies, financing companies, charity organizations and the general public. IAA also leverages its business model to assist charitable organizations in the US through its One Car One Difference® campaign. To date IAA has provided millions of dollars in additional funding to charities by assisting in the processing of donated vehicles. Learn how we are making a difference by visiting www.1car1difference.com. With a talented team of over 2,000 employees, IAA is committed to providing customers with the highest level of services in the salvage auto industry. Go to www.IAA-Auctions.com to learn more, and follow IAA on Facebook and Twitter.
SOURCE Impact Auto Auctions
Image with caption: "Impact Auto Auctions (CNW Group/Impact Auto Auctions)". Image available at: http://photos.newswire.ca/images/download/20151202_C5616_PHOTO_EN_556946.jpg
For further information: Media contact: Lindsay Broadhead, (416) 920-0716 ext. 210, [email protected]