IAA, Inc (IAA) Acquires Auto Exchange’s Business
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IAA Acquires Auto Exchange’s Business
June 21, 2021 8:30 AM EDTÂ Expands companys footprint in rapidly growing New Jersey market
WESTCHESTER, Ill.--(BUSINESS WIRE)-- IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announced today that it has acquired the entirety of the assets of Marisat, Inc. d/b/a Auto Exchange, a provider of personal service and security in the salvage recovery industry, effectively taking over the business operations of Auto Exchange. IAA will operate the business of Auto Exchange going forward. Financial terms of the transaction were not disclosed.
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