Copart Grows Again

Copart Grows Again

Copart, Inc. through its subsidiary in the United Kingdom announced that it has purchased the assets and business of AG Watson Auto Salvage & Motors Spares (Scotland) Limited. AG Watson operates two salvage locations in Scotland and two salvage locations in northern England. With the closing of this transaction, and including the expected closing of the pending acquisition of Simpson Salvage Sales as announced on Feb. 20, Copart will operate 15 locations in the UK and 143 locations worldwide.

In addition, Copart also announced the opening of a new facility just north of Minneapolis, Minn. This latest addition to Copart's growing footprint marks the company's second facility in the Minneapolis area and the 129th facility in North America.

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles, principally to licensed dismantlers, rebuilders and used vehicle dealers, through Internet sales utilizing its proprietary VB2 technology. The Company currently operates 143 facilities in the United States, Canada and the United Kingdom.