IAA completed the acquisition of Auto Exchange.

IAA, a global digital marketplace connecting vehicle buyers and sellers, completed the acquisition of Auto Exchange, a provider of personal service and security in the salvage recovery industry. Financial terms were not disclosed. “Bringing Auto Exchange under the IAA umbrella will allow us to provide premier service to our selling and buying customers in the New Jersey area. This investment will give us the capacity to exceed the needs of the growing market and we are excited to welcome Christine Palfrey and her colleagues to the IAA team," John Kett, IAA CEO and President.