KAR Holdings, Inc.
|
13085 Hamilton Crossing Blvd. Carmel, IN 46032 IN Tel. 317-815-1100 Toll Free 800-923-3725 |
Type: Private
Employees:
13,076
KAR Holdings is not a used car lot, but they sell a lot of used cars through subsidiaries. Formed in 2007, Kar Holdings brings the operations of ADESA, Insurance Auto Auctions, Inc. (IAAI), and Automotive Finance Corporation under their holding company umbrella. Private equity firms Kelso & Company, GS Capital Parters, ValueAct Capital, and Parthenon Capital spawned KAR after their acquisition of ADESA. Operations consist of ADESA's wholesale used vehicle auctions, IAAI's salvage and total automotive loss control services, and Automotive Finance Corporation's capital funding operations serving used car dealers. The companies' operations span North America.
Key numbers for fiscal year ending December, 2006:
Sales: $1,440.0M
Officers:
CEO: Brian T. Clingen
CFO: Eric M. Loughmiller
Competitors:
Copart
D-A Auto Auction
Ritchie Bros. Auctioneers
