Benzinga | Aug 31, 2021 02:18PM EDT

IAA Expands East Coast Capacity With New Branches

* IAA Inc (NYSE:IAA) announces breaking ground on two new branches in Maryland and New York and expanding in the Long Island, NY area.

* IAA Elkton (MD) will become the fifth branch in Maryland. IAA Monticello (NY) will support the Hudson Valley market as IAA's seventh branch in the state.

* Additionally, the Long Island expansion will strategically improve IAA's ability to serve the needs of the catastrophe-prone East Coast.

* Price Action: IAA shares are trading higher by 0.47% at $53.10 on the last check Tuesday.