Sue McGregor, managing director of Canada, IronPlanet, shares her thoughts on how to increase your chances of a smooth and successful sales transaction by following a few simple steps in the May issue of Supply Post, page 62.

Own a Piece of U.S. Military History: IronPlanet to Donate Proceeds from Humvees Sold in Annual Orlando Auction to Fisher House Foundation

Sue McGregor, Managing Director of Canada, IronPlanet discusses when to sell or retire your used equipment on Page A9 of Equipment Journal here.

Sue McGregor, Managing Director of Canada, IronPlanet, discusses end of year equipment disposal on Page 54 of Supply Post here. 

Sue McGregor, Managing Director of Canada, IronPlanet, discusses steps to winterize your machines to save time and money on Page B7 of Equipment Journal here.

PLEASANTON, Calif. – 

IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, announced today that it has been selected by the Zachry-Odebrecht Parkway Builders to help manage and sell surplus equipment related to the SH99 Grand Parkway Project in Houston, Texas, as it gets closer to completion.

PLEASANTON, Calif. – IronPlanet^®, the leading online marketplace for buying and selling used heavy equipment and trucks, today announced that it has closed a new $55 million senior secured credit facility. The new facility repays a prior senior secured loan and provides additional capital for growth.

“IronPlanet is continuing to build on the momentum we’ve gathered over the last year and this new financing will help fund our future growth,” said Gregory J. Owens, IronPlanet Chairman and CEO. “Since last September, we’ve entered two new verticals, oil and gas, with the purchase of Kruse Energy and Equipment Auctioneers, and government surplus, which we launched as GovPlanet. In April, we merged with Cat Auction Services which strengthened our relationship with Caterpillar and their dealers globally and added an onsite component to our sales channels.

“We have built the leading online marketplace for used heavy equipment and trucks and continue to augment our leadership position with asset management solutions for large and small businesses alike by leveraging our 1.4 million registered users worldwide and the demand generated by this global reach,” continued Owens.

The new credit facility has a five year maturity. SunTrust Bank was the administrative agent and SunTrust Robinson Humphrey served as Lead Arranger. Syndicate members are SunTrust Bank, Capital One, JPMorgan Chase Bank, N.A., Regions Bank and Silicon Valley Bank.

Orrick, Herrington & Sutcliffe LLP represented IronPlanet and Jones Day represented SunTrust in the transaction.

IronPlanet discusses the best strategy for equipment aquisition, management and disposition on Page 42 of Supply Post here.

Check out our new animated short, which walks you through the IronPlanet model and how we work-- in just over a minute.

With 15 years of experience in the online surplus heavy equipment marketplace industry, we are not only going strong in 2015: We're growing! Thanks for your trust and your business since 2000, and we are looking forward to serving more buyers and sellers around the world with our high standards of customer care for many more years to come.

For more videos about IronPlanet, be sure to explore our YouTube channel! 

Sue McGregor, Managing Director of Canada, IronPlanet, and Paul Hendrix, IronPlanet Equipment Pricing Analyst  discuss purchasing surplus heavy equipment.  Six key dealbreakers when making a purchase are highlighted in the article.  To read more details on these warning signs, check out the article on page 20 of Supply Post here.