ADESA Company History
ADESA is a leader in the vehicle remarketing industry and has been since 1989.
ADESA entered the wholesale auto auction business with two locations in 1989. In 1992, ADESA became a public company and operated as such until 1996 when the company was acquired by ALLETTE, Inc.
In April 2007, ADESA was acquired by a private equity group, KAR Holdings, Inc., later known as KAR Auction Services, Inc. Since then, ADESA has diversified and grown the business, organically and through acquisition, into a leading vehicle remarketing company in North America, operating throughout the United States, Canada and Mexico.
Acquired DataScan’s vehicle inspection business
Acquired auction facility near Pittsburgh, Pa.
Acquired 50 percent stake in TradeRev
Opened new facility for ADESA Las Vegas
Acquired six auctions from Premier Auction Group
Opened ADESA Queen City
Opened a new facility in Miami
Created new Dealer Services Division
Opened the first location in Mexico, an auction in Guadalajara
Built a new facility in Dallas
Built new ADESA Kansas City facility
Acquired Internet-based auction software company; renamed LiveBlock Auctions International, Inc.
Acquired two auction facilities from ABC Auctions, in Minneapolis and Nashville, Tenn.
Opened ADESA Raleigh in North Carolina
Acquired auction facility in York, Pa., renamed ADESA PA
Acquired dent-removal company, Dent Demon
Acquired three used vehicle auctions located in Syracuse, N.Y., Fargo, N.D., and Sioux Falls, S.D.
Acquired a used vehicle auction in Quebec City
ADESA acquired by a group of private equity funds, KAR Holdings, Inc.
Acquired N.E. Penn Salvage Company, an independently owned salvage auction in northeast Pennsylvania
Acquired a used vehicle auction in Sarasota, Florida
Opened new salvage auction in Syracuse, N.Y.
Acquired three independent salvage auctions in the state of Texas, located in Houston, San Antonio and the Dallas/Ft. Worth area
Acquired four salvage auctions in Ohio known as the Ohio Connection
Acquired an independently owned salvage auction near Charlotte, North Carolina
Acquired a Washington, D.C. area used vehicle auction
Opened new salvage auctions in Connecticut and Florida
Relocated Calgary salvage auction to a larger site
Opened a salvage auction in Sacramento, California, co-located with ADESA
Relocated a used vehicle auction in Atlanta
Opened salvage auctions in Long Island, New York, and Fremont, California
Opened a new used vehicle auction in Long Island, New York
Acquired an independently owned salvage auction near Raleigh, North Carolina
Acquired eight salvage auctions from Auto Placement Center located in Rhode Island, Massachusetts, Maine, New Hampshire, Vermont and New York
Acquired nine used vehicle auctions from Manheim Auctions, Inc. as part of a required divestiture: Atlanta, Clearwater, Colorado Springs, San Francisco, Kansas City, Orlando, Phoenix, Tampa and Seattle
Acquired Canadian Auction Group, Inc., a used vehicle auction chain consisting of 13 locations in Canada: Calgary, Dartmouth, Edmonton, Kitchener, Les Cedres, Saskatoon, St. John's, Toronto, Winnipeg, Moncton, Hamilton and Vancouver
Acquired Impact Auto Auctions, Ltd., a salvage auction chain in Canada was acquired in four stages: 20 percent of the company was purchased in October 1995, 33.33 percent was purchased in each of March 1999 and January 2000 and 13.34 percent was purchased in May 2000. Impact Auctions, Ltd. consisted of nine auctions that are located in Calgary, Edmonton, Halifax, London, Moncton, Montreal, Ottawa, Sudbury and Toronto.
ADESA acquired AFC.
ADESA Corporation was incorporated in Indiana on October 4, 1991. ADESA, Inc., was incorporated in the state of Delaware on January 23, 2004. On May 24, 2004, ADESA Corporation, then a wholly owned subsidiary of ALLETE, was merged into ADESA, Inc., another wholly owned subsidiary of ALLETE. ADESA's initial public offering of 6,250,000 shares of common stock was declared effective by the Securities and Exchange Commission ("SEC") on June 15, 2004. On September 20, 2004, ALLETE completed the distribution of a stock dividend to all ALLETE stockholders totaling 88,600,000 shares, completing the separation of ADESA from ALLETE.