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  6. RB Global Acquires IAA

M&A Deal Summary

RB Global Acquires IAA

On March 20, 2023, RB Global acquired automotive company IAA

Acquisition Highlights
  • This is RB Global’s 2nd transaction in the Automotive sector.
  • This is RB Global’s 10th transaction in the United States.
  • This is RB Global’s 1st transaction in Illinois.

M&A Deal Summary
Date 2023-03-20
Target IAA
Sector Automotive
Buyer(s) RB Global
Deal Type Add-on Acquisition
Advisor(s) J.P. Morgan Securities (Financial)
Cooley
Blake, Cassels & Graydon
Latham & Watkins (Legal)

Target

IAA

Westchester, Illinois, United States
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.

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Buyer(S) 1

Buyer

RB Global

Westchester, Illinois, United States
Category Company
Founded 1958
Sector Business Services
Employees7,800
Revenue 3.7B USD (2023)
DESCRIPTION

RB Global is an omnichannel marketplace specializing in insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. RB Global was founded in 1958 and is based in Westchester, Illinois.

DEAL STATS #
Overall 13 of 14
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 12 of 13
State (Illinois) 1 of 1
Country (United States) 10 of 11
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 VeriTread

Lakeland, Florida, United States

VeriTread provides an online transportation marketplace that connects construction equipment owners with transportation service providers. VT enhances its products by providing a suite of innovative decision tools, enabling customers to make smarter, more effective arrangement of heavy-haul transportation. VeriTread was founded in 2013 and is based in Lakeland, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-11 JM Wood Auction

Montgomery, Alabama, United States

JM Wood Auction is a family-owned business specializing in auctions for construction, forestry, and county surplus equipment. JM Wood Auction was founded in 1973 and is based in Montgomery, Alabama.

Buy -
Mergr

Product

Company

Legal