QCSA Holdings Acquires Salvage Direct

ELDRIDGE, Iowa--QCSA Holdings, Inc., a leading Vehicle Remarketing and Total Loss Claims Management company announced today it has purchased and will be uniting forces with Salvage Direct, one of the nation’s premier salvage re-marketing firms.

“This combination represents a viable national alternative for salvage vehicle re-marketing”

Salvage Direct was founded in 1998 by Bob Joyce as the first online auction in the total-loss claims management industry. The company also specializes in Commercial and Catastrophic-loss management services.

“Salvage Direct is a leader in Salvage Remarketing and Internet Auctions,�?? said John Lindle, CEO of QCSA Holdings. “We are thrilled to be combining forces with Bob Joyce and his entire team.�??

The new entity is one of the nation’s largest salvage vehicle remarketing companies, with over 80 locations and more than 120,000 vehicles re-marketed annually.

“We’re excited to combine the best of both enterprises,�?? said Bob Joyce, Founder and President of Salvage Direct. “This new partnership will provide our customers with more options, increased services, broader reach and enhanced recoveries.�??

“This combination represents a viable national alternative for salvage vehicle re-marketing,�?? added Jerry Sullivan, Executive VP. “Our national footprint will allow us to quickly expand innovative and unique total loss management services not currently available in the marketplace.�??

About QCSA: QCSA Holdings, Inc. is an owner-managed company led by industry veterans John Lindle and Jerry Sullivan, along with equity sponsors Kinderhook Industries. Founded in 2003, Kinderhook Industries is a private equity firm that manages $650 million of committed capital, specializing in management-led recapitalizations of entrepreneur-owned companies.