IAA Acquires Auto Exchange's Business
Expands company's footprint in rapidly growing New Jersey market
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.
Founded in 1979, Auto Exchange is a highly respected, regional salvage industry leader in New Jersey. The acquisition will leverage existing assets to expand IAA's physic
