IronPlanet Blog

IronPlanet's Chairman and CEO Gregory J. Owens Featured in Rental Pulse

Posted by IronPlanet on May 23, 2017 6:00:00 AM

IronPlanet CEO is a finalist for Entrepreneur Of The Year Award in Northern California

 

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Topics: Industry Headlines, In the News

EY Announces Gregory J. Owens, IronPlanet Chairman and CEO, as an Entrepreneur of The Year® 2017 Award finalist in Northern California

Posted by IronPlanet on May 17, 2017 9:32:53 AM

EY today announced that Gregory J. Owens, IronPlanet® Chairman and CEO, is a finalist for the Entrepreneur Of The Year® 2017 Award in Northern California. The awards program, which is celebrating its 31st year, recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. Owens was selected as a finalist by a panel of independent judges. Award winners will be announced at a special gala event on June 23rd at The Fairmont in San Jose, California.

 

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Topics: Industry Headlines, In the News, Data

IronPlanet Featured in Lift and Access

Posted by IronPlanet on May 11, 2017 6:00:00 AM

IronPlanet Lands First European Customer for Cloud-Based Platform

 

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Topics: Industry Headlines, In the News

TruckPlanet's Paul Blalock Featured in Equipment World

Posted by IronPlanet on May 9, 2017 6:00:00 AM

Five Dealer Advantages from Using Auctions for Trucks

Lucas Deal

 

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Topics: Industry Headlines, In the News

GovPlanet Featured in Wide Open Country

Posted by IronPlanet on Oct 26, 2016 7:21:47 AM

You Can Now Buy a Humvee from the U.S. Government for $4K

 

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Topics: Government Surplus, Industry Headlines, In the News

IronPlanet Featured in ForConstructionPros.com

Posted by IronPlanet on Oct 24, 2016 7:45:17 AM

IronPlanet Breaks Records with September Sales Topping $99 Million

Online used-equipment marketplace IronPlanet broke records with its 23 September auction events with more than $99 million in sales on 9,890 items.

 

“September, 2016 was a record-breaking month, for the number of auctions that we held, the total number of bidders and buyers, as well as the total gross merchandise volume of over $99 million,” said Gregory Owens, IronPlanet chairman and CEO. “This is no doubt that we were able to achieve these stellar results due to our advanced data-drive technology platform, the power of our multiple online marketplaces, robust on-site auction events and the global reach of our more than 1.5 million registered users worldwide.”

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Topics: Industry Headlines, In the News

IronPlanet to be Acquired by Ritchie Bros. Auctioneers

Posted by IronPlanet on Aug 29, 2016 3:00:52 PM

Ritchie Bros. to acquire IronPlanet to accelerate its customer centric multi-channel diversification strategy

 

 

  • Increases customer choice; enhances online offerings; provides penetration into large, additional segments
  • Business combination expected to significantly increase growth in revenue and earnings; effectively uses strength of Ritchie Bros.’ balance sheet
  • Transaction expected to be accretive to earnings within first year (excluding acquisition-related costs)
  • Long-term alliance reached with Caterpillar
  • With more than $US3 billion in annual online equipment sales, the combined company will rank among the world’s top 50 B2B e-commerce companies

 

VANCOUVER and PLEASANTON, CA, August 29, 2016 – Ritchie Bros. Auctioneers Incorporated, the world’s largest industrial auctioneer and a leading equipment distributor (NYSE & TSX: RBA, “Ritchie Bros.”), 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.

 

Founded in 1999, IronPlanet complements Ritchie Bros.’ primarily end-user customer base, as it focuses largely on the needs of corporate accounts, equipment manufacturers, dealers and government entities in equipment disposition solutions.  It conducts its sales primarily through online-only platforms, with weekly online auctions and in other equipment marketplaces.  IronPlanet, a private company based in the United States, sold approximately US$787 million of Gross Merchandise Value (GMV)[1] through their sales channels during 2015, and has achieved a 25.2% compounded growth rate in assets sold from 2013 through 2015.  This growth momentum has continued, with a 41% increase in GMV during the first half of 2016 relative to the same period in 2015. 

 

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Topics: Press Releases, Industry Headlines, In the News

Industry Headlines: July 1-20

Posted by IronPlanet on Jul 19, 2016 8:50:42 AM

Check out some interesting global headlines around the construction and heavy equipment industry during the first part of July.

World Mining Equipment Market to Reach $156 Billion by 2022 - Report (Mining.com)

"The global mining equipment market is expected to garner $156 billion by 2022, increasing at a compound annual growth rate (CAGR) of 7.9% during 2016 – 2022, a new report published by Allied Market Research shows. According to the study, titled “World Mining Equipment Market – Opportunities and Forecasts, 2015 – 2022”, the Asia–Pacific region accounted for the highest revenue of over $50 billion in 2015, followed by Latin America, the Middle East and Africa (LAMEA)." Read more

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Topics: Trucks, Construction, Industry Headlines

Industry Headlines: June 16-30

Posted by IronPlanet on Jun 30, 2016 5:00:00 PM

Check out some interesting global headlines around the construction and heavy equipment industry as we close out the month of June.

Auctioneering Industry Thrives in Oil Downturn (Houston Chronicle)

"As the auctioneer's megaphone faded off in the distance, Cody Baker and Matthew Boykin had wandered far out to the edge of a 130-acre gravel lot to check out a row of man-lifts, the crawlers with big arms that elevate workers to high places. They hoisted hoods in the hot sun, poked at wiring, peered underneath to check for oil leaks, trying to find a few worth taking back to Midland to put to work in the oil fields." Read more

 


 

New Construction Starts Rise 5 Percent in May (Construction Equipment)

"Strong gains reported for public works, power plants, and multifamily housing." Read more

 

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Topics: Trucks, Construction, Industry Headlines

Industry Headlines June 1-15

Posted by IronPlanet on Jun 21, 2016 10:48:57 AM

Check out some interesting global headlines around the construction and heavy equipment industry from the past two weeks.

 It's Game On at Vegas 'Dig This' (Construction Equipment Guide)

"The hosts at autoblog.com recently got the chance to check off an item off of their list of 1,000 Car Things to Do Before You Die, and that is to drive heavy equipment at Dig This, the Las Vegas Construction Equipment sandbox where “everyone from 8-108 can play.”  Read more


 

 

Milwaukee's Mining Equipment Manufacturers Try to Dig out of the Hole (Milwaukee Business News)

"There have been a lot of depressing headlines for the Milwaukee-area mining equipment manufacturing operations of Joy Global Inc. and Caterpillar Inc. over the past year. Milwaukee-based Joy posted a $1.2 billion loss last year, closed its Orchard Street plant, laid off the workers in its heavy fabrication and welding departments in September, and then closed those departments in May." Read more

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Topics: Trucks, Construction, Industry Headlines

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