"Bringing balance and choice
back to the auto auction industry."

About our Name

(a·ca·cia - Pronounced uh-kay-shuh) We are proud of our Company and its plan for doing business, and wanted to select a name that would portray the right image to our clients. The acacia tree embodies that image and has become the symbol of the great symbiosis between us and our clients.

One of the world's most valued trees, the acacia tree is found in many parts of the world, including the United States. The wood of the acacia is very hard and an excellent building material. In their native habitats, some of them become huge forest trees over 100 feet tall with trunks four feet in diameter, often protected by strong thorns. Some of these huge acacias provide beautiful hardwood lumber for furniture, cabinets, boats, musical instruments, and ornamental purposes-taking a high polish. Acacia wood often exudes a pleasant fragrance. The natural plant gums found in acacia are used as thickening agents and emulsifiers in food products, cosmetics and pharmaceuticals. These gums produce the thick, rich consistency of sauces and syrups, prevent the formation of ice crystals in frozen desserts, and stabilize the foaming in beer. Many common candies and jelly beans contain a thickening agent called gum arabic (gum acacia) from the sap of certain acacia trees. This gum can be found in candies from such well-known vendors as Mentos, Dreyers and Starburst, and can even be found in Ben and Jerry's Ice Cream.

The acacia tree is looked upon as the "tree of life" in many parts of the world. Some insects and animals protect the tree from its predators, while the tree provides them with nourishment in exchange. This symbiosis is seen as a parallel to our company and its clients. We will protect and nourish one another in building a relationship that is impenetrable, in essence nurturing each others “life” in the automotive world.

The name “Acacia” represents many of the qualities and values we think are important in today's world...not only in business, but also in our personal lives. Our new name is well-suited for any number of reasons. It exemplifies our company's strength, determination, stability, and quality, and we will proudly utilize that name in all our operating units.

¹ © 2002 by LoveToKnow Corporation-portions truncated.