Proxibid

Seminole, Texas, was the site of a two-day equipment auction from June 9 to 10. The Iron Bound Auctions event marked the return of live auctions in Texas, and an enthusiastic crowd was on hand to bid on a huge selection of equipment ranging from light towers to motor graders.

TA Associates, a leading global growth private equity firm, announced the acquisitions of Auction Technology Group (ATG), an online platform for auctions across Europe and the United States, from ECI Partners (ECI), and Proxibid, an online marketplace for connecting buyers and sellers across North America, from Primus Capital.

Proxibid and Sullivan Auctioneers, a large real estate and farm machinery auctioneer, launched eTractor.com. eTractor.com provides trusted online equipment solutions, offering live auctions, timed auctions and an equipment marketplace from Sullivan Auctioneers and its network of trusted sellers, all in one place, and leveraging Proxibid's Powered By solution.

Proxibid, the most trusted way to connect buyers and sellers of highly valued items, and Sullivan Auctioneers, one of the largest real estate and farm machinery auctioneers in the nation, have partnered together to bring a new online platform to farm machinery buyers and sellers around the world.

Proxibid announced record online sales and gross merchandise value (GMV), capped by its strongest month and quarter in company history. Online sales increased 37 percent year-over-year for the month of March, and 27 percent year-over-year for the quarter ending March 31, 2018.

Proxibid announced that J.J. Kane Auctioneers will double the quantity of timed auctions to be held exclusively on the Proxibid platform. Due to the massive success of its timed auctions on Proxibid, J.J. Kane Auctioneers will host two monthly timed auctions, closing the first and third Friday of each month.

One of the first things to do when starting a new business is choose a name that defines and brands your company with your product. For Robert LaMarsh and Brian Moening, this was an easy task. Their company — Vantage Auctions — was founded in April 2016 in Lake Elsinore, Calif.

Proxibid (www.proxibid.com), the world's most trusted way to connect buyers and sellers of highly valued items, will provide online bidding for a large volume of heavy construction equipment auctions in the final weeks of 2017. As construction professionals complete their purchases and prepare their fleet for the new year, the next several weeks feature a particularly high volume of equipment sold by a wide variety of auctioneers, dealers and asset owners in several formats.

Proxibid and RES Auction Services have joined forces to bring RES Auction Services' equipment auctions to online bidders exclusively via Proxibid. The inaugural RES Auction Services equipment auction will take place Nov. 18 at 10 am at RES Auction Services' new auction facility and equipment yard in Wooster, Ohio, and on Proxibid.

Proxibid will provide online bidding for a large volume of commercial truck sales in the month of October. While commercial trucks are popular on Proxibid, this month will yield a particularly high volume of vehicles sold by a wide variety of auctioneers, dealers and asset owners in several formats.

Proxibid announced that J.J. Kane Auctioneers' timed, online only auction of power line, utility, and construction fleet equipment, which ended July 21, surpassed previous online sales records for timed auctions on Proxibid. Total sales for the auction topped $4.1M with nearly 850 online bidders participating, beating out Proxibid's previous timed, online only auction with a 241 percent increase in online participants.