CARY, N.C. -

Continuing a busy season of automotive M&A — a run that includes the wholesale segment — IAA announced Monday it has acquired Marisat, Inc., which does business as Auto Exchange.

IAA will now operate Auto Exchange's business, which is based out of New Jersey and provides personal service and security for the salvage recovery industry.

“Bringing Auto Exchange under the IAA umbrella will allow us to provide premier service to our selling and buying customers in the New Jersey area,” IAA chief executive and president John Kett said in a news release. “This investment will give us the capacity to exceed the needs of the growing market and we are excited to welcome Christine Palfrey and her colleagues to the IAA team.”

Palfrey, who is the CEO of Auto Exchange, said: “We are excited to become a part of the IAA family and offer our sellers efficient and reliable movement of their salvage inventory. IAA’s cutting-edge technology and innovative tools will help create more transparency, confidence and trust for our buyers.”

Elsewhere in the space, Copart said Wednesday it has opened a location in Bismarck, N.D.

Copart Bismarck will hold sales at noon each Monday.

“Were excited to serve our customers in North Dakota from our new location in Bismarck,” said Glenn Shipman, general manager of Copart Bismarck, in a news release.