Steffes Auctioneers has acquired IQBID.com.

This acquisition will enable the company to offer timed event online only auctions and live webcast auctions under the IQBID.com name while providing new technology in the auction business.

IQBID.com will be operated as a wholly owned subsidiary of Steffes Auctioneers offering business inventory reductions and liquidations, construction, industrial and ag equipment, vehicles, real estate and REO properties.

Steffes Auctioneers also has acquired an auction facility located in Buffalo, Minn. This facility is located just northwest of Minneapolis/St Paul. This facility will expand the company’s operations.

For more information, visit www.steffesauctioneers.com.