Iron Planet

For years IronPlanet and Asset Appraisal Services have been leaders in the equipment inspection business. IronPlanet has continuously raised the bar by offering innovative inspection content and technology for customers of its online marketplaces, including its IronClad Assurance equipment condition certification, which ensures buyers receive the equipment they expect.

Ritchie Bros. has been a leader in the auction business for decades. Its live unreserved auctions help tens of thousands of companies sell and buy equipment and trucks annually. And yet, not every company is interested in selling without a reserve — they want access to Ritchie Bros.' global buying base, but need more control over the selling price, timing, and/or process.

Ritchie Bros. Auctioneers announced June 12, that effective July 27, 2018, Greg Owens, group president, New Sectors & Ventures, and former CEO of IronPlanet, Inc. , is resigning from the business to pursue other opportunities. "I am very proud to have been a part of the team and helping to build such a strong company," said Owens.

Ritchie Bros. sold more than $44 million of equipment and trucks over two days at its live, unreserved auction in Fort Worth, Texas. More than 4,750 people from 59 countries registered to bid in the May 15 to 16, 2018, event, including more than 3,450 people registering to bid online.

Following up on its successful IronPlanet “Big Spring” event in March, Ritchie Bros. is set to host another special IronPlanet online event on May 24, selling 2,100+ items from sellers across North America. Equipment highlights in the May 24 auction include 215+ truck tractors, 135+ excavators, 65+ compactors, 45+ skid steers, 30+ dozers, 25+ backhoes, 20+ cranes, 20+ motor graders, 85+ aerial work platforms, 35+ dump trucks, 35+ mixer trucks, 20 telehandlers, 35 flatbed trucks, 30+ service/utility trucks, 20+ asphalt pavers, 10+ agricultural tractors, 60+ pickup trucks, and more.

Ray Mullen opened his construction business 41 years ago in northern New Jersey. Shortly after the company opened, the county where his business was located experienced a housing boom and D.R. Mullen Construction Company Inc. boomed along with it. Specializing in site work, road construction, sewer, water main and storm drain installation, as well as curbing and paving, the company was busy, growing to 35 employees.

Machinery auction expert Ritchie Bros. is about to raise its stake in the Australian market with the introduction of its new online-only brand: IronPlanet. Complementing Ritchie Bros.' onsite auctions, IronPlanet is an online-only marketplace offering new benefits to customers, including selling without transporting items to a centralized location and the ability to sell items for a fixed price, negotiate offers or set a reserve.

For the past three years, IronPlanet's GovPlanet marketplace has been helping the U.S. Defense Logistics Agency (DLA) sell thousands of its surplus assets. After seeing consistently strong returns, the DLA has extended its contract with GovPlanet until at least September 2018. "We sell hundreds of items per week for the DLA through our GovPlanet marketplace, including construction equipment, trucks, trailers, Humvees and more," said Greg Owens, group president, new sectors and ventures, Ritchie Bros.