Copart Acquires QCSA Direct

Copart acquires QCSA Direct!

QCSA Holdings is excited to announce that Copart, Inc. (NASDAQ: CPRT) has acquired QCSA Direct, which conducts business primarily as Quad City Salvage Auction, Salvage Direct, Crashed Toys, and Desert View Auto Auction. Combined, our businesses operate at thirty-nine locations in 14 states. Copart, founded in 1982, process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its patented VB2 technology. The company currently operates 203 facilities; with operations in the United States and Canada (www.copart.com), the United Kingdom (www.copart.co.uk), Brazil (www.copart.com.br), Germany (www.copart.de) and the United Arab Emirates (www.copart.ae).

”We are very excited about teaming up with Copart,” said QCSA Chief Executive Officer John Lindle. “When it comes to technology innovation and their experienced management team, the decision to pick Copart was obvious.”

“Quad City, Crashed Toys, and Desert View have become major contributors in the salvage, specialty, and charity auction industries,” said Copart’s Chief Executive Officer Jay Adair. “We are extremely happy that they are now part of the Copart family. We intend to provide the resources needed to continue the improvement of their products and services and we are excited to have their management team on board.”

What does this mean for all of our valued buyers? Eventually, more locations and more vehicles to bid on! In the meantime we are going to continue to operate independently as QCSA and continue selling our inventory through www.qcsadirect.com and www.crashedtoys.com. However, we are working to merge the best of both policies, technologies, and databases to facilitate and enhance the buyer experience.

Stay tuned for more details. Should you have any questions, please do not hesitate to reach out to us at buyerservices@qcsa.com.