On February 28, 2018 KAR Auction Services (KAR) announced that it intended to spin-off its Insurance Auto Auctions Salvage Auction (“IAA”) business unit as a standalone business in a tax-free transaction. IAA (SpinCo) will retain North American salvage vehicle operations and HBC Vehicle Services (HBC) business in the UK.  After the spin-off, KAR Auction Services (Remainco) will consist of the whole car auction services business (ADESA).

Are you a member but not signed in? Click here to sign into your account.

Not a Member yet? Click here to learn about our service.

Our Members enjoy exclusive access to detailed analysis on under-the-radar spin-offs before they are profiled on Seeking Alpha, Value Investor Club, or SumZero.

Join Now