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Copart Inc Acquires Salvage Parent, Inc.

Thursday, 30 May 2013 09:00pm EDT 

Copart Inc announced that it has acquired Salvage Parent, Inc., which conducts business primarily as Quad City Salvage Auction, Crashed Toys, and Desert View Auto Auction. Combined, these businesses operate at thirty-nine locations in 14 states. Quad City Salvage Auction operates 23 facilities in 10 states, primarily in the north-central and northeast US, and stores, processes and auctions predominantly salvaged cars on behalf of the insurance industry. Crashed Toys operates 10 facilities in 6 states, primarily in the north-central US, and stores, processes and auctions salvaged motorcycles, boats, jet skis and other power sport crafts. Desert View operates in six facilities, all of which are in California, and stores, processes and auctions charity cars. The terms of the acquisition were not disclosed. 

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