Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services, acquired Mountain States Salvage Pool of Ogden, Utah.
Situated just north of Salt Lake City, the 22-acre facility represents the company’s first location in the state of Utah. The acquisition also signals IAA’s cost effective entry into a new market, as no other company branches currently exist within a 300-mile radius of the new facility.
“The acquisition of Mountain States Salvage Pool offers us a unique opportunity to expand in an area in which we have not had a presence historically,” said Tom O’Brien, CEO of IAA. “We believe the acquisition was a cost effective way to enter this new market, as their current relationships give us a strong foundation upon which we can build. We look forward to expanding our presence in the area in the quarters ahead.”
Was this article valuable?
Here are more articles you may enjoy.