George Sakellaris, Portfolio Manager of Brown Advisory’s Mid-Cap Growth (MCG) strategy interviews John Kett, CEO of Insurance Auto Auctions (IAA). IAA is a leading global digital marketplace connecting vehicle buyers and sellers. IAA’s unique platform focuses on the marketing and sale of total-loss, damaged and low-value vehicles. Unlike traditional car sellers, IAA does not own or produce cars, it is a global marketplace for salvaged autos. Elevated by the use of data and technology to conduct auctions across the globe (it is 100% digital now) we believe that this company has created important economic moats and a scalable business model in a rather traditional industry. We think it is an example of the innovation and growth potential that we are seeing in companies in the mid-cap space. Following the interview Emmy Wachtmeister, Associate Portfolio Manager for our MCG strategy, and Rob Furlong, Equity Research Analyst covering IAA join George to bring the investment perspective to this conversation. Your browser does not support the audio element. Subscribe here to listen to this podcast on Apple or your favourite podcast player. The Mid-Cap Growth Strategy invests in a portfolio of diversified, high-quality businesses with sound management teams and competitive advantages that we believe can produce above-average growth over a full market cycle. The views expressed are those of the author and Brown Advisory as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. Past performance is not a guarantee of future performance and you may not get back the amount invested. The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the author on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. All investments involve risk. The value of the investment and the income from it will vary. There is no guarantee that the initial investment will be returned.