Item 7.01 Regulation FD Disclosure. On October 22, 2021, IAA, Inc. (the "Company") issued a press release announcing an agreement (the "Agreement") to acquire SYNETIQ Ltd., a leading integrated salvage and vehicle dismantling company in the United Kingdom (the "Acquisition"), for £225 million.

Pursuant to the terms of the Agreement, the Company will pay £186 million at closing of the Acquisition, with the remaining £39 million contingent upon receipt of the merger control approval from the UK Competition and Markets Authority. The final consideration to be paid is subject to working capital and other adjustments. The Acquisition is expected to close by the end of October 2021. The Company expects to fund the Acquisition through cash on hand and borrowings under the Company's revolving credit facility.

A copy of the press release is furnished as Exhibit 99.1 hereto. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit    Description
  99.1       Press Release of the Company, dated October 22, 2021
104        Cover Page Interactive Data File (embedded within the Inline XBRL document)

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