Impact buys Sudbury Auto Auction
Though it will continue to operate under its current name, resources have certainly deepened for Sudbury Auto Auction after Impact Auto Auctions, a subsidiary of Insurance Auto Auctions (IAA) and a business unit of KAR Auction Services, purchased the northern Ontario operation.
The auction covers 17 acres in Sudbury and serves the northern Ontario fleet and dealer communities. The deal gives Impact a foothold in the area for further expansion and adds to its already wide auction network.
“We are excited to be adding the talented team at Sudbury Auto Auction to our national auction network,” Terry Daniels, managing director at Impact Auto Auctions said in a statement.
“Owners Dale and Lynda Harnden have been great partners for more than 23 years in helping to develop and serve the northern Ontario salvage market. We look forward to leveraging the strengths of both businesses and continuing the great tradition of whole car services that SAA is known for in this important market.”
Family-owned, SAA began operations as an auction service in 1986, when Lynda's father built the business from scratch.
SAA sells dealer, rental, lease, fleet and finance vehicles.
Secondary to that business is a public auto auction company known as Nor Ontario Auctions, which offers public buyers the opportunity to purchase dealer, repo and corporate consigned vehicles at auction prices.
This sale also includes commercial vehicles and a variety of recreational vehicles such as ATV's, boats, campers, motorcycles, snowmobiles and other items.
Dale Harnden said he and his team are excited about the opportunity and that he expects the relationship will grow stronger in the years to come.
The Harndens will continue to support and consult with SAA during and after the transition. The business will continue to operate under the Sudbury Auto Auction name.
The purchase of SAA will give Impact Auto Auctions' Remarketing Division the opportunity to expand into northern Ontario.
Impact Auto Auctions is Canada's leading live and live-online salvage vehicle auction company with 14 auction facilities in British Columbia, Alberta, Ontario, Quebec and Atlantic Canada.
Financial details were not disclosed.