IAA Expands Global Market Alliance Network in Nigeria

WESTCHESTER, Ill.–(BUSINESS WIRE)–IAA, a leading global digital marketplace connecting vehicle buyers and sellers, announces a strategic market alliance in Nigeria with Boacon Autos. As the company’s official partner in Nigeria, Boacon Autos will operate the local IAA Auction Center in the city of Lagos, the most populous Nigerian city.

Through this new alliance, Boacon Autos will provide local services and assistance, helping buyers efficiently purchase vehicles from IAA in the United States. The company will offer support including bidding assistance, transportation, shipping and importing, reducing risk and increasing convenience for new buyers.

Complementing IAA’s existing market alliance presence in Europe, the Middle East and Central America, this new partnership provides greater access to buyers in another of IAA’s most significant global markets. This new alliance will help to drive more competition in the marketplace and generate higher returns for vehicle sellers.

“This new partnership with Boacon Autos will help us meet the demand of the rapidly expanding Nigerian market, the second-largest importer of IAA vehicles,” said John Kett, CEO and President of IAA. “Extending IAA’s global marketplace, our partners help buyers across the world meet their unique transportation needs.”

“We are excited to partner with IAA to help buyers navigate the process of bidding on, buying and importing vehicles from America,” said Benjamin Afolabi, Owner of Boacon Autos. “This alliance will allow us to provide more mobility solutions to our local buyers, from purchasing a vehicle for personal use to establishing a vehicle importing business.”

About IAA

IAA, Inc. (NYSE: IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles. Headquartered near Chicago in Westchester, Illinois, IAA has nearly 4,000 employees and more than 200 facilities throughout the U.S., Canada and the United Kingdom. IAA serves a global buyer base – located throughout over 170 countries – and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organizations. Buyers have access to multiple digital bidding and buying channels, innovative vehicle merchandising, and efficient evaluation services, enhancing the overall purchasing experience. IAA offers sellers a comprehensive suite of services aimed at maximizing vehicle value, reducing administrative costs, shortening selling cycle time and delivering the highest economic returns. For more information visit IAAI.com, and follow IAA on Facebook, Twitter, Instagram, YouTube and LinkedIn.

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