Expanding its operational footprint in western Kentucky, online vehicle auction company Copart has acquired what it describes as “a leader in the remarketing of total-loss and fleet vehicles in the western Kentucky region for over a decade.”
Copart’s acquisition of Vincent Auto Solutions in Greenville, Ky., adds a “strong local management team with long-standing customer relationships," Copart chief executive officer Jay Adair said in a news release.
Adair added that the acquisition is part of Copart’s overall expansion initiative that helps the company process its increasing volume in Kentucky and nationwide. Copart operates at more than 200 locations in 11 countries, with more than 125,000 vehicles available online every day.
"We are excited to be part of the Copart family and its network of facilities and to enhance Copart's presence in the western Kentucky region," Copart general manager Brody Vincent stated in a news release. Vincent is a former partner of Vincent Auto Solutions.
The acquisition follows additional Copart activity as of late. The company recently made five announcements of new facilities or expanding an existing operation. It most recently enhanced capacity at its Newburgh, N.Y., location, adding 25 acres of storage space to its existing 68 acres.