Home > International Directory of Company Histories > ADESA, Inc. - Key Dates:

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Key Dates:

1989:

Mike Hockett forms Auto Dealers Exchange Management, Inc. in Alabama.

1992:

Hockett, with four auctions, and Gary Pedigo, with one, form ADESA, launching its initial public offering (IPO).

1993:

The company's first Canadian auctions are purchased.

1994:

Automotive Finance Corp. and a Massachusetts GM plant are acquired; Pedigo leaves.

1995:

Minnesota Power & Light buys control of ADESA; Impact Auctions is purchased.

1996:

Minnesota Power buys the remainder of the firm; James Hallett replaces Hockett as CEO.

1997:

Great Rigs, Inc. trucking subsidiary is formed.

2000:

The company acquires the 13-site Canadian Auction Group and eight ADT auctions.

2001:

Auto Placement Center and ComSearch are purchased; the company's Global Vehicle Remarketing report debuts.

2002:

Great Rigs is sold.

2003:

LiveBlock Internet auctions are introduced.

2004:

ADESA is spun off on the New York Stock Exchange; David Gartzke is named CEO.

1. Introduction
2. Beginnings
3. Initial Public Offering in 1992
4. Acquisition by Minnesota Power & Light in 1995
5. Adding More Than Two Dozen Auctions in 2000
6. Company Perspectives:
7. Acquisition of APC and ComSearch in 2001
8. Returning to Public Ownership in 2004
9. Key Dates:
10. Principal Subsidiaries
11. Principal Competitors
12. Further Reading
13. Copyright Page
14. About Page