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ATLANTA – Total Resource Auctions President Jamie Porter announced today that that the acquisition of four independent salvage auction companies has closed on schedule. |
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Total Resource Auctions’ acquisition of Klode Salvage Distribution Center, Inc., S.A.I.S.C. Inc., Sapulpa Auto Pool, Inc., and SourceOne Solutions was announced on March 17; all terms of the transactions are now complete and the 11 operating locations acquired in the deal are now operating as Total Resource Auctions facilities. |
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“We are happy to welcome this group in to the Total Resource Auctions family,” said Porter. “We’ve been working together ever since the acquisition was announced in March, and all expectations required of all the parties have been met. I’m pleased to say that the acquisition is now official.” |
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The acquired locations are: |
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• Klode Salvage Distribution Center, Inc.
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o Littleton, Colorado
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o Montrose, Colorado
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o Casper, Wyoming
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o Klode Heavy Equipment Division – Denver, Colorado
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• Sapulpa Auto Pool, Inc.
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o Tulsa, Oklahoma
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o Oklahoma City, Oklahoma
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• S.A.I.S.C., Inc.
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o Tucson, Arizona
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o Phoenix, Arizona
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• SourceOne Solutions
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o Birmingham, Alabama |
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o Decatur, Alabama |
o Mobile, Alabama
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In addition, the deal included the acquisition of AIMS Software, a leading salvage auction technology company. |
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“The addition of these new partners demonstrates our commitment to our customers and to the growth of Total Resource Auctions,” said Bill Tiedemann, Vice President and General Manger of Total Resource Auctions. “We are now able to bring more buyers and sellers together in more places than ever before.” |
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About Total Resource Auctions |
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Total Resource Auctions is a wholly owned subsidiary of Manheim. With a national network of wholesale auctions, Total Resource Auctions allows buyers and sellers to securely exchange damaged, inoperative and salvage vehicles at 55 locations throughout the United States and via Web-based products, including Manheim Simulcast. For more information, go to www.totalresourceauctions.com |