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M&A Deal Summary

IAA Acquires DDI Technology

On July 31, 2019, IAA acquired software company DDI Technology for 21M USD

Acquisition Highlights
  • This is IAA’s 1st transaction in the Software sector.
  • This is IAA’s 2nd largest (disclosed) transaction.
  • This is IAA’s 3rd transaction in the United States.
  • This is IAA’s 1st transaction in South Carolina.
Investment Fate
  • DDI Technology was divested to a consortium of strategic buyers in 2025.

M&A Deal Summary
Date 2019-07-31
Target DDI Technology
Sector Software
Buyer(s) IAA
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

DDI Technology

Lexington, South Carolina, United States
DDI Technology provides premier software and service solutions that increase process efficiency and simplify information management. DDI Technology was founded in 1998 and is based in Lexington, South Carolina.

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Buyer(S) 1

Buyer

IAA

Westchester, Illinois, United States
Category Company
Founded 1982
Sector Automotive
Employees4,816
Revenue 2.1B USD (2022)
DESCRIPTION

IAA is a provider of automotive salvage auction and claims processing services. The company's platform facilitates the marketing and sale of total loss, damaged, and low-value vehicles for a range of sellers. IAA was founded in 1982 and is based in Westchester, Illinois.

DEAL STATS #
Overall 3 of 5
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 5
State: South Carolina M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2019 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Salvage Management of Syracuse

Cicero, New York, United States

Salvage Management of Syracuse is a provider of dealer-only auto auction services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Auto Exchange

Sayreville, New Jersey, United States

Auto Exchange is a provider of personal service and security in the salvage recovery industry. Auto Exchange was founded in 1979 and is based in Sayreville, New Jersey.

Buy -
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