IronPlanet’s GovPlanet Marketplace Celebrates Two-Year Anniversary and Receives CV4-R Contract Extension to Sell Government Vehicles and Other Rolling Stock as it Delivers Higher Proceeds Back to The Government
PLEASANTON, Calif. – IronPlanet®, a leading online marketplace for selling and buying used equipment and other durable assets, today announced that the U.S. Department of Defense’s Defense Logistics Agency (DLA) has executed its option to extend its Commercial Venture 4-Rolling Stock (CV4-R) contract with IronPlanet. The one-year extension is the first of five available under the CV4-R contract, which was originally awarded to IronPlanet in July 2014 to manage and sell rolling stock surplus assets of the DLA. The extension comes at the two-year anniversary of the contract award.