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IronPlanet is a leading online marketplace for selling and buying used equipment and other durable assets and an innovative participant in the multi-billion dollar used equipment market. Founded in 1999 to transform the global used equipment market, IronPlanet has built a database of more than 1.5 million registered users worldwide. IronPlanet connects buyers and sellers of used equipment with its exclusive IronClad Assurance® equipment condition certification and family of brands, including IronPlanet®, GovPlanet®, TruckPlanet®, Cat Auction Services, Kruse Energy & Equipment AuctioneersSM, allEquip® and Asset Appraisal ServicesSM. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar and Volvo
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Ritchie Bros. Auctioneers Incorporated reports results for the three and six months ended June 30, 2017. During the second quarter, the Company generated $166.2 million of revenue and $17.6 million of net income attributable to stockholders. Diluted EPS attributable to stockholders was $0.16. Non-recurring charges of $4.8 million of stock option compensation expense related to the accelerated vesting of IronPlanet stock options assumed as part of the Merger, $9.1 million of acquisition and finance structure advisory costs, $1.4 million of severance and retention costs that followed the Merger in the resulting corporate reorganization, and an $8.9 million impairment loss recognized on various technology assets were recorded during the quarter. Removing the impact of these charges, diluted adjusted EPS attributable to stockholders (non-GAAP measure) was $0.33.
Ritchie Bros., the world's largest heavy equipment auctioneer and provider of end-to-end services, today announced that it completed its acquisition of IronPlanet, a leading online marketplace for heavy equipment and other durable assets. Ritchie Bros. acquired IronPlanet for approximately $758.5 million, subject to customary closing adjustments.
Ritchie Bros. and IronPlanet Secure Unconditional Antitrust Clearance from the U.S. Department of Justice; Acquisition is Expected to Close in the Next Few Weeks
Ritchie Bros., has announced the receipt of unconditional antitrust clearance from the U.S. Department of Justice for the proposed acquisition of IronPlanet, an online marketplace for heavy equipment and other durable assets. Ritchie Bros. outstanding brand reputation and high degree of customer trust, coupled with IronPlanet's digital prowess built on user friendly technology, will provide multiple product and channel offerings to customers.
Ritchie Bros. Auctioneers Incorporated, the world's largest industrial auctioneer and a leading equipment distributor, and IronPlanet, a leading online marketplace for used heavy equipment and other durable asset sales, today jointly announced that they have entered into an agreement under which Ritchie Bros. will acquire IronPlanet for approximately US$758.5 million, subject to customary closing adjustments.
IronPlanet and Finning International Inc. have announced that Finning has agreed to jointly market used heavy equipment through Cat Auction Services, IronPlanet’s unreserved auction marketplace. Finning will be hosting IronPlanet’s first Canadian Cat Auction Services live unreserved public auction on Wednesday, October 21, 2015, in Edmonton, Alberta.
IronPlanet, has recently announced that Gord McDougall has joined its Canadian executive team as managing director, Canada, Cat Auction Services. A leader in the used heavy equipment industry, McDougall will help expand IronPlanet’s reach in Canada and continue to build momentum for its Cat Auction Services marketplace.
IronPlanet and Associated Auction Services, Cat Auction Services Complete Merger to Provide Industry’s Most Comprehensive Marketplace
IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, and Associated Auction Services LLC, an alliance of Caterpillar and several of its independent Cat dealers, that operates under the name Cat Auction Services (hereinafter referred to as “Cat Auction Services”), announced the completion of the merger of the two companies.
IronPlanet and Associated Auction Services LLC, an alliance of Caterpillar and several of its independent Cat dealers, that operates under the name of Cat Auction Services ("Cat Auction Services") will hold a live unreserved public auction in Kissimmee, Fla., Feb. 11-13 with more than 1,000 items up for bid. All of the equipment will be backed by IronPlanet's IronClad Assurance buyer protection program.
IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, and Associated Auction Services LLC, an alliance of Caterpillar and several of its independent CatR dealers, that operates under the name of Cat Auction Services (hereinafter referred to as "Cat Auction Services"), has confirmed that they have signed an agreement to merge the two companies. Once combined, IronPlanet and Cat Auction Services will provide buyers and sellers of used heavy construction equipment a unique auction experience, backed by technology, services and equipment expertise unmatched in the industry.
IronPlanet, has announced that it has acquired Kruse Energy and Equipment Auctioneers LLC, a leader in oilfield equipment auctions, extending its presence in the oilfield industry. Terms were not disclosed.
IronPlanet, a leading online marketplace for used heavy equipment, has announced a strategic alliance including a small minority investment with Mascus, an online marketplace for construction equipment, transportation vehicles and trucks and agricultural, forestry, material handling, equipment, headquartered in the Netherlands.
IronPlanet improves its patented and guaranteed equipment inspection reports with the release of a new iPad app for its field inspectors. IronPlanet offers the industry’s only guaranteed inspection reports, backed by IronClad Assurance, allowing buyers to bid on equipment with a high degree of confidence. The app improves the quality of these reports by allowing inspectors to complete reports in the field using an iPad app that provides step-by-step instructions for gathering key data based on the type of equipment being inspected.
IronPlanet launched TruckPlanet, an online marketplace dedicated exclusively to buying and selling used commercial trucks.
IronPlanet, a leading online marketplace for used heavy equipment, conducted a record-breaking two-day online auction March 17-18. The auction produced the company’s highest single-day auction sales total to date surpassing $22.8 million. The two-day auction totaled $26.7 million in equipment sales.