IAA Continues to Invest Strategically in North American Footprint

IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers Incorporated company (NYSE: RBA) (TSX: RBA) and trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, announces that it has made strategic real estate investments in New York, Indiana, Connecticut and Delaware.

The IAA Staten Island (NY) and IAA Fort Wayne (IN) branches have opened to accommodate growing demand in these busy markets. IAA also has bought out the leases at two existing branches in Connecticut and Delaware to secure its presence at prime locations in those states. The company’s dynamic approach to real estate investing helps to ensure that IAA branches are optimally located for the convenience of its customers.

“As demand for capacity steadily increases, our flexible real estate strategy continues to allow us to provide space for inventory management where it is needed most,” said Scott Guenther, Senior Vice President of North America Operations at IAA. “Our physical presence and cutting-edge technology allow us to drive operational excellence and continue to lead the industry in customer service.”

About IAA

IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers Incorporated company (NYSE: RBA) (TSX: RBA), is a trusted global marketplace for insights, services, and transaction solutions for commercial assets and vehicles. Leveraging leading-edge technology and focusing on innovation, IAA’s unique platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles. IAA serves a global buyer base – located throughout over 170 countries – and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organizations. Buyers have access to multiple digital bidding and buying channels, innovative vehicle merchandising, and efficient evaluation services, enhancing the overall purchasing experience. 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. Ritchie Bros. globally has over 7,000 employees and is headquartered near Chicago in Westchester, Illinois. For more information on IAA visit IAAI.com and for more information about Ritchie Bros. visit RitchieBros.com.