Insurance Auto Auctions, Inc.

Founded in 1982, Insurance Auto Auctions (IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, its unique platform facilitates the marketing and sale of total-loss, damaged, and low-value vehicles for a full spectrum of sellers. IAA offers sellers a comprehensive suite of services aimed at maximizing vehicle value, reducing administrative costs, shortening selling cycle time, and delivering the highest economic returns. It holds live auctions for licensed business buyers and brokers, among others. The company also allows buyers to place their bids online. The company maintains operations in the US (which generates most of the company's revenue), Canada, and the UK. In 2023, IAA was acquired by Ritchie Bros. Auctioneers Incorporated, for an all-stock and cash transaction valued at approximately $7.3 billion.

Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers; Merchant Wholesalers, Durable Goods; Wholesale Trade

Automobiles and Other Motor Vehicles; Wholesale Trade-Durable Goods; Wholesale Trade-Durable Goods; Wholesale Trade-Nondurable Goods

$944.25M