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Subsequent Events
9 Months Ended
Apr. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events

NOTE 14 – Subsequent Events

On May 14, 2013, the Company purchased the assets of Gainesville Salvage Disposal, a salvage vehicle auction company located in Gainesville, GA.

On May 30, 2013, the Company acquired Salvage Parent, Inc., which conducts business primarily as Quad City Salvage Auction, Crashed Toys, and Desert View Auto Auction. Combined, these businesses operate at thirty-nine locations in 14 states.

On May 31, 2013, the Company purchased the assets of Auto Salvage Auction, Inc., a salvage vehicle auction company with locations in Davison and Ionia, MI.

The aggregate purchase price for these acquisitions, which closed subsequent to the quarter, was approximately $77.0 million.