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KAR Holdings, Inc.  >  Financial News
Current  |  2008  |  2007  |  2006  |  2005 
 
Date Published Article
08/18/2008 ADESA Acquires Two Used Vehicle Auctions From ABC Auctions
  Carmel, IN - ADESA announced today that it has acquired ABC Minneapolis in Dayton, Minnesota, and ABC Nashville in Old Hickory, Tennessee.
08/18/2008 AMS, ADESA and Live Global Bid Settle the Patent Infringement Case Relating to the AMS Patent
  Auction Management Solutions, Inc. ("AMS"), ADESA and Live Global Bid, Inc. jointly announce that they have settled the patent infringement case relating to AMS' U.S. Patent No. 6,813,612 ("the '612 patent"). Live Global Bid recently was acquired by ADESA and is now named "LiveBlock Auctions International" or "LAI".
08/12/2008 KAR Holdings, Inc. today reported its second quarter financial results for the three months ended June 30, 2008
  KAR Holdings, Inc. today reported its second quarter financial results for the three months ended June 30, 2008. For the second quarter of 2008, the company reported revenue of $468.5 million as compared with second quarter 2007 revenue of $399.7 million for the combined companies of ADESA, Inc. (ADESA) and Insurance Auto Auctions, Inc. (IAAI), an increase of 17.2%. Adjusted EBITDA, excluding pro forma adjustments for recent acquisitions and cost savings, as defined in the company's senior credit facility dated April 20, 2007, increased 15.7% to $122.6 million in the second quarter of 2008, as compared with second quarter 2007 adjusted EBITDA of $106.0 million for the combined companies of ADESA and IAAI.
06/06/2008 ADESA Names David Vignes as Executive Vice President of Strategic Improvement and Logistics
  ADESA announced today that David Vignes has been promoted to executive vice president of strategic improvement and logistics, effective immediately. Vignes, who joined the company in June 2007, most recently served as ADESA's senior vice president of operations and strategic improvements. In his new role, he will report directly to ADESA President and CEO Jim Hallett.
06/03/2008 ADESA Names Jane Morgan President of Specialty Sales Division
  Carmel, IN -ADESA announced today that Jane Morgan has been named president of the company's specialty sales division, effective immediately.