FAIRFIELD -- Copart, Inc., (NASDAQ: CPRT), one of the nation’s leading resellers of salvaged vehicles with an online auction service listing more than 50,000 vehicles per day, is relocating its corporate headquarters to Dallas, Texas, by the end of 2012. No date for the final move has been announced.
The company will maintain a smaller presence in Fairfield, having recently purchased 10,000 square feet of building space at 4610 Westamerica Drive.
The corporate relocation was first announced in February 2011 when the company also said it would create three divisional processing centers, one in Fairfield, another in Grand Prairie, Texas and the third in Hartford, Conn.
In a prepared statement issued in the first quarter, Jay Adair, CEO of Copart, said, “This change will position us closer to our customers geographically, resulting in improved customer service and greater operational efficiencies. Combined with our planned implementation of new technologies, the realignment of Copart’s business and corporate operations will allow us to better respond to the needs of our clients and the global market.”
Some 100 employees will staff the new site. At last report, the firm had approximately 2,800 employees worldwide.
Last January, Copart sold its 103,000-square-foot headquarters building at 4665 Business Center Drive in Fairfield to Partnership HealthPlan of California and leased back this facility for two years during the phased transition.
Copart, founded in 1982, started as a single salvage yard in Vallejo and today has 152 facilities in the U.S., Canada and the United Kingdom selling more than 1 million vehicles per year to buyers all over the world.
The company sells vehicles for the insurance industry, bank and finance companies, dealers, fleets, and the public. The firm provides vehicle sellers with a full range of re-marketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users.
Copart auctions a diverse and extensive inventory of vehicles each day including early and late model cars, classics, trucks, SUVs, motorcycles, boats, jet skis, snowmobiles and RVs.
Agents for the sale of Copart’s new Fairfield building include Brooks Pedder, Phil Garrett and Jon Quick of Colliers International.