Tag: heavy equipment auctions: Page 2

How to do Everything Better

How to stop operators from idling too much

This tip came from a 2014 Equipment World Contractor of the Year finalist Landon Floyd of Precision Pipeline in Cedar City, Utah: Have all your guys park their personal vehicles in the yard one day and drive them out to the site in a van or have them carpool. Make them leave their keys at […]

July 29, 2019

Construction Equipment

Ritchie Bros. breaks all-time record with massive heavy equipment auction in Orlando

When the bidding ended February 24 and the last piece of equipment had been sold, Ritchie Bros. tallied a record breaking $297-million in sales at its big auction in Orlando, Florida. That made it the biggest auction in the company’s history and a 7-percent increase over last year. With 13,350+ pieces up for auction it’s […]

March 7, 2019

Dealers

Ritchie Bros.’ record-breaking $278M Orlando auction wasn’t just bigger—it offered a whole new virtual experience

As the number of lots to be put up for auction at Ritchie Bros. 2018 Orlando auction kept rising higher and higher, company leadership grew cautiously optimistic that this could be the year they break the huge annual event’s sales record set in 2012 of just more than $200 million. “As late as quarter four […]

February 26, 2018

Dealers

Orlando equipment auction will be Ritchie Bros.’ largest yet

Ritchie Bros. is preparing for the start of its big Orlando auction Monday and the heavy equipment auctioneer says this will be the largest version of the annual auction yet. Company spokesman Ian Malinski says more than 12,800 trucks and pieces of equipment will be available at the auction and sold with no minimum bids […]

February 16, 2018

Dealers

Cleared for IronPlanet purchase, Ritchie Bros. CEO talks people, Cat alliance, impact

The U.S. Department of Justice’s Antitrust Division has cleared Ritchie Bros.’ proposed purchase of IronPlanet announced last August. The estimated $758.5 million purchase sets the stage for potential combined online sales of $3 billion annually. The acquisition could close “in the next few weeks” with a new organization structure announced following. Ritchie Bros. CEO Ravi Saligram […]

May 23, 2017

Dealers

IronPlanet adds negotiated pricing to allEquip used equipment marketplace

IronPlanet has launched a new twist to its allEquip online used equipment marketplace. Launched in 2014 as an alternative to online equipment auctions, allEquip allows heavy equipment owners to sell their used machines with a fixed “Buy Now” price. Similar to the concept of eBay’s “Buy-It-Now” option, the site allows customers to purchase a piece of used equipment […]

November 23, 2016

Dealers

Ritchie Bros. to acquire online equipment auctioneer IronPlanet for $758.5 million

Announced late Monday evening, the auction giant Ritchie Bros. is acquiring internet-based auction company IronPlanet for approximately $758.5 million. The deal is Ritchie Bros. second acquisition this month following an August 2 announcement that the company would buy New England-based Petrowsky Auctioneers for $7 million. IronPlanet burst onto the heavy equipment auction scene in 1999 […]

August 29, 2016

Dealers

Ritchie Bros. buys Petrowsky Auctioneers

Ritchie Bros. has bought Petrowsky Auctioneers for $7 million, a move it says will enhance its market position in the New England region. Petrowsky was founded nearly 40 years ago in North Franklin, Connecticut, by Sammy Piotrkowski. The company sold nearly $50 million worth of equipment and assets during 2015, most of it in the […]

August 3, 2016

Dealers

IronPlanet now offering instant financing on equipment purchases

Online used heavy equipment seller IronPlanet has introduced an instant financing option customers can choose before or after making a bid or purchase. Customers of IronPlanet, GovPlanet or TruckPlanet can now apply for pre-approval for financing before they bid, or they can opt for instant financing through Express after purchasing a piece of equipment. Express is […]

July 13, 2016

Business

Ritchie Bros. buys online equipment listing service Mascus

Heavy equipment auctioneer Ritchie Bros. has acquired online equipment listing service Mascus in an all-cash deal. Ritchie Bros. says it has paid €24.0 million ($26.6 million) for 100 percent equity in Mascus and will pay up to €3.4 million ($3.8 million) more should certain performance targets be met by Mascus over the next three years. Mascus will continue […]

February 23, 2016

Business

Finning teams up with IronPlanet to sell used Cat equipment globally

Are you not finding the deals you want in your part of the country for good used equipment? Maybe it’s time to look further. Two of the biggest players in the heavy equipment industry inked a deal this week to bring a global presence to the auction market.The largest Caterpillar dealer in the world, Vancouver, […]

August 28, 2015

Business

Ritchie Bros. names Terry Dolan president of U.S., Latin America business

A 15-year veteran of the industrial sector backed by strong experience with construction, mining and agriculture, Terry Dolan has been announced as Ritchie Bros. Auctioneers’ next U.S./Latin America president. Dolan leaves Global Commercial and Industrial Products’ Generac division where he served as executive vice president for four years. According to the Ritchie Bros. announcement, during his time […]

May 8, 2015