About Insurance Auto Auctions
Insurance Auto Auctions is a company based in United States founded in 1982 was acquired by Ritchie Bros in November 2022. Insurance Auto Auctions has completed 4 acquisitions, including Auto Exchange, DDI Technology and SYNETIQ. Insurance Auto Auctions operates in a competitive market with competitors including Carvana, CarGurus, CarLotz, Vroom and Copart, among others.
- Headquarter Westchester, United States
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
$2.1 B (USD)14as on Dec 31, 2022
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Net Profit
Not available
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EBITDA
$105.6 M (USD)22as on Dec 31, 2022
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Latest Funding Round
Not available
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Investors
Ritchie Bros
& 3 more
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Employee Count
Not available
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Investments & Acquisitions
Auto Exchange
& 3 more
- Acquired by
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People of Insurance Auto Auctions
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Software Development Team
25 people
Product Management Team
21 people
Leadership Team
11 people
Sales and Marketing
10 people
Branch Team
9 people
Operations Team
6 people
Creative and Marketing Team
5 people
Senior Team
5 people
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Funding Insights of Insurance Auto Auctions
Investors in Insurance Auto Auctions
Insurance Auto Auctions has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ritchie Bros, CP Kelco and ValueAct Capital.
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Private equity investment firm based out of USA
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Multiple sectors are invested in by this private equity fund.
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Heavy machinery is auctioned via an online marketplace platform.
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Investor details for Insurance Auto Auctions
Investor domains, locations, round participation, and complete history require an active premium plan.
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Insurance Auto Auctions
Insurance Auto Auctions has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Auto Exchange, DDI Technology and SYNETIQ.
Investment portfolio details for Insurance Auto Auctions
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of car accessories
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Operations in the automotive industry are managed by Verastar.
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Locked | Locked | 2001 | Locked | |
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Integrated vehicle registration & titling solution for auto dealerships
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Locked | Locked | 1998 | Locked |
Complete acquisition details for Insurance Auto Auctions
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Insurance Auto Auctions
Detailed financials for Insurance Auto Auctions
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Insurance Auto Auctions Comparisons
Peer comparison for Insurance Auto Auctions
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Insurance Auto Auctions
Insurance Auto Auctions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carvana, CarGurus, CarLotz, Vroom and Copart, among others.
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Pre-owned vehicles are sold online with financing and valuation services.
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Automotive vehicle listings are managed via an app-based platform.
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Used cars are traded via an online consignment platform.
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Used cars are purchased and resold online through Vroom's platform.
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Used and salvaged vehicles are offered via an online marketplace.
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Online listing platform for used cars
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Detailed competitors of Insurance Auto Auctions
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Latest news on Insurance Auto Auctions
Complete news archive for Insurance Auto Auctions
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- Full article archive
- Source and publication date
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- Brand-specific news history
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Frequently Asked Questions about Insurance Auto Auctions
Insurance Auto Auctions was founded in 1982 and raised its 1st funding round 25 years after it was founded.
Insurance Auto Auctions is headquartered in United States. It is registered at New York, United States.
Annual revenue of Insurance Auto Auctions is $2.1B as on Dec 31, 2022.
App-based B2C auction-based marketplace for used cars. It provides auction services on a hybrid model that combines live, internet, and proxy bidding. The company owns auction facilities that deal with towing, recovered theft, lease fleet, dealer trade-in, collision damage, and rental vehicles. It organizes hybrid auctions for insurance companies, fleet and rental companies, financing companies, charity organizations, and the general public. Their app is available for iOS and Android devices.
Insurance Auto Auctions has made 4 acquisitions, including Auto Exchange, DDI Technology, and SYNETIQ.
Insurance Auto Auctions has 4 investors. Key investors include Ritchie Bros, CP Kelco, ValueAct Capital, and Parthenon Capital.