GCEDC approves amended purchase agreement for insurance auction house in Bergen

Press release:

The Board of Directors of the Genesee County Economic Development Center (GCEDC) approved an application for an amended purchase agreement for Insurance Auto Auctions, Inc. (IAA) at its Oct. 27 board meeting.

“Even before IAA has put a shovel in the ground, the company is already expanding its footprint which bodes well for our region in terms of jobs and continued economic development in Genesee County,” said Steve Hyde, president and CEO, GCEDC.

In June, the GCEDC board accepted IAA’s offer to purchase 30 acres at Apple Tree Acres. During the company’s due diligence period, IAA’s engineers discovered that more useable acres were required to meet the long-term objectives of the company. The GCEDC and the Town of Bergen worked with IAA to increase the proposed site to 36.2 acres. The Apple Trees Acres Corporate Park is a 119-acre site in the Town of Bergen located on routes 33 and 19.

“IAA is committed to expanding its presence in communities where there is strong customer demand,” said John Kett, CEO and president of IAA. “We look forward to being part of the Bergen community, and thank the GCEDC board for approving this application, which will enable us to better serve our customers and providers in the area.”

Insurance Auto Auctions, Inc., (IAA) is the leading live and live-online North American salvage vehicle auction company with the most auction facilities footprint in North America. The company is committed to providing customers with the highest level of services and has more than 160 auction facilities across the United States and Canada offering towing, financing and titling services. IAA provides registered buyers from around the globe with millions of opportunities to bid on and purchase donated and salvaged vehicles.