Manheim acquires four salvage auction companies, salvage auction technology company
ATLANTA – As part of a major national expansion, Total Resource Auctions, a subsidiary of Manheim, is acquiring Klode Salvage Distribution Center, Inc., S.A.I.S.C., Inc., Sapulpa Auto Pool, Inc. and SourceOne Solutions, which operate at 11 locations, as well as AIMS Software, a salvage auction technology company that offers direct interface to customers, including key insurance customers. As part of the transaction, all existing partners and management will remain with the business under a multiyear agreement, ensuring business operations and customer service remain intact. The addition of these 11 locations will expand Total Resource Auctions’ coverage areas into new markets in Alabama, Oklahoma, Colorado and Wyoming, and expand operations in Arizona, growing the number of Total Resource Auctions locations from 44 to 55 sites across the United States and Canada. In addition, Total Resource Auctions will strengthen its existing operations by leveraging proven processes, market expertise and connectivity to insurance industry technology. For more information, go to www.totalresourceauctions.com. |