PLEASANTON, Calif. and EAGAN, Minn. – March 23, 2015 – IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, will hold auctions on IronPlanet and across all of its marketplaces this Wednesday through Friday, as well as hold a joint live unreserved public auction with Cat Auction Services in Des Moines, Iowa, on Wednesday, March 25, 2015.
“This week marks our end-of-the-quarter auctions at IronPlanet across all of our marketplaces,” said Jeff Jeter, IronPlanet President. “In addition to our online auctions this week, we are excited to build on the success of our Florida onsite auction where we had the best selection of low hour, late model Caterpillar equipment. This week we will be holding our second joint event with Cat Auction Services, hosted by Ziegler Cat in Des Moines, to benefit our customers in the upper midwest. Likewise, it is an exciting week with Kruse hosting a big two-day oilfield equipment auction in Oklahoma City.”
IronPlanet is holding auctions across all of its marketplaces this week: IronPlanet, in North America and Europe, TruckPlanet, GovPlanet, and Kruse Energy & Equipment Auctioneers.
IronPlanet / Cat Auction Services Des Moines Event Snapshot – At auction will be more than 300 low hour, late model items from Cat® and John Deere, among many others. All of the equipment will be backed by IronPlanet’s IronClad Assurance® buyer protection program. Featured equipment:
• 26+ Wheel Loaders
• 22+ Excavators
• 19+ Track Type Tractors
• 14+ Skid Steers
• 14+ Telehandlers
• 10 Motor Graders
• 6 Articulated Dump Trucks
• 8 Compactors
• Miscellaneous plows, saws, jack hammers, generators, heaters, buckets
Onsite Auction Details – hosted by Ziegler Cat
Date: Wednesday, March 25th
Time: 9 a.m. CT
Place: 1500 Ziegler Drive NW, Altoona, Iowa
Buyers around the world will also be able to view and bid on the full list of items at IronPlanet’s online marketplace www.ironplanet.com and at www.catauctions.com.
IronPlanet’s March 25 – 27 Online Auctions and Events
• www.ironplanet.com and www.govplanet.com
• Wednesday, March 25th
• 8:00 AM PT
• More than 300 items including military Humvees and featuring three Oshkosh M1070 HET Trucks
Oil and Gas
• Online at www.kruseenergy.com
• Onsite at Embassy Suites, 1815 S. Meridian Ave., Oklahoma City, OK
• Wednesday, March 25th & 26th
• 9:00 AM CT each day
• 17 Complete drilling rigs each with drill pipe and drill collars, plus more
Construction Equipment and Trucks
• www.ironplanet.com and www.truckplanet.com
• Thursday and Friday, March 26th & 27th
• 8:00 AM PT each day
• More than 1,500 items
• Wednesday, March 25th
• 10:00 AM GMT
• More than 200 items, including equipment from Vinci, Komatsu WA 500-3, Volvo A40D’s, track excavators from Liebherr
Full Suite of Services
All of the equipment at IronPlanet, TruckPlanet and GovPlanet will be backed by IronPlanet’s IronClad Assurance® buyer protection program, which assures buyers that they have an accurate representation of equipment condition. At the Des Moines sale, certain qualified Cat equipment will be backed by the Cat® Equipment Protection Plan, and all Cat equipment sold at the auction qualify for a free Cat® Product Link 3 Year Subscription and Cat® EMSolutions Level 1 (hardware Installation not included). The Des Moines auction will also feature a full range of onsite and online support services, including finance and transportation options, as well as access to the local Caterpillar dealer.
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”) announced on December 19, 2014, that they had signed an agreement to merge. The transaction is subject to regulatory approval and other standard closing conditions, and is anticipated to be completed during the first quarter of 2015. The transaction is not subject to the Federal premerger waiting period. This auction is being conducted pursuant to a joint venture agreement, which is independent of the proposed merger.
IronPlanet is the leading online marketplace for used heavy equipment and an innovative participant in the multi-billion dollar heavy equipment auction market. Since 2000, IronPlanet has sold over $4 billion of used equipment online and has built a database of more than 1.3 million registered users worldwide. IronPlanet connects buyers and sellers of used equipment with its exclusive IronClad Assurance® buyer protection program and family of sites including IronPlanet®, GovPlanetSM, TruckPlanet®, Kruse EnergySM, allEquipSM and Asset Appraisal ServicesSM. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.
About Cat Auction Services
Cat Auction Services was formed in 2008, and now has Caterpillar Inc., and a large number of its North American dealers as its unit holders. Cat Auction Services facilitates auctions through live events, online bidding and a monthly, timed-out, online platform called eQuipment Yard. Cat Auction Services has raised the bar in heavy equipment auctions, giving customers a better experience with its innovative LEADERBOARD®, professional staff, TA-1 inspection reports, comprehensive photos and videos, equipment protection plans and equipment financing. For more information, visit www.catauctions.com.
No Offer or Solicitation
This announcement is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.