ADESA Inc.'s salvage-auction arm, ADESA Impact, has bought three salvage-auction sites in Texas. The transaction increases to 42 the number of salvage-auction sites that ADESA Impact operates in North America.
Terms were not disclosed.
The acquired sites are Alamo City Auction Pool in San Antonio, renamed ADESA Impact San Antonio; Bayou City Auction Pool in Houston, renamed ADESA Impact Houston; and Dallas/Fort Worth Cities Auction Pool in Wilmer, renamed ADESA Impact Dallas/Fort Worth.
"These acquisitions position ADESA Impact as a major player in the second-largest U.S. salvage market," ADESA Inc. CEO David Gartzke said in a statement.
ADESA Inc., of Carmel, Ind., operates 54 wholesale auto auction sites in North America.
You may e-mail Arlena Sawyers at [email protected]