M&A Deal Summary

IAA Acquires SYNETIQ

On October 22, 2021, IAA acquired business services company SYNETIQ for 225M GBP

Acquisition Highlights
  • This is IAA’s 4th transaction in the Business Services sector.
  • This is IAA’s largest (disclosed) transaction.
  • This is IAA’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-10-22
Target SYNETIQ
Sector Business Services
Buyer(s) IAA
Deal Type Add-on Acquisition
Deal Value 225M GBP
Advisor(s) KPMG Corporate Finance LLC (Financial)
Ernst & Young - Law (Legal)

Target

SYNETIQ

Doncaster, United Kingdom
website
SYNETIQ provides salvage auction services for insurance companies, accident management companies, and other public and private sellers. SYNETIQ was founded in 2019 and is based in Doncaster, United Kingdom.

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Buyer(S) 1

Buyer

IAA

Westchester, Illinois, United States

website

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 5 of 5
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 5 of 5
Country (United Kingdom) 1 of 1
Year (2021) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS 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.

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Legal