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Copart Acquires New Facility in Albuquerque, New Mexico

15 May 2000

Copart Acquires New Facility in Albuquerque, New Mexico

    BENICIA, Calif.--May 15, 2000--Copart, Inc. today announced the acquisition of New Mexico Salvage Pool of Albuquerque, New Mexico. The acquisition expands Copart's national network of vehicle auction and storage locations to 76 sites in 36 states. The new facility is Copart's first location in the state of New Mexico.
    The new Copart facility includes 52 acres of property and facilities for storage, preparation and sale of salvage and other auction vehicles. Terms of the transaction were not disclosed.
    Since June of 1999, Copart has acquired or opened 14 new locations. The new facilities include start-up sites in West Palm Beach, FL; Denver, CO and Graham, WA. Acquisitions include McAllen, TX; Huntsville, AL; Chesapeake, VA; Wichita, KS; Peoria, IL; North Boston, MA; Boise, ID; Pasco, WA; Abilene, TX; San Antonio, TX; and Albuquerque, NM.