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Tag: IronPlanet
Dealers
Ritchie Bros.’s CEO to step down; search on for successor
Ritchie Bros. Auctioneers says that Ravi Saligram, CEO and board member, will step down effective October 1 after five years with the company. The company says it is now conducting “a thorough, thoughtful search for Ravi’s successor,” and will consider both internal and external candidates. “Over the past five years, Ravi has led the transformation of […]
July 1, 2019
Dealers
Ritchie Bros. promotes Jeter, adds Taylor in N. American realignment
Jeff Jeter has been promoted to president of upstream and emerging businesses while Kari Taylor is the new chief sales officer for U.S. Regions. More here.
May 1, 2019
Dealers
Rouse: With Ritchie Bros. auction, market showing increased appetite for used equipment
With the blockbuster Ritchie Bros. Orlando auction now in the rearview mirror, Rouse Services outlined several “notable takeaways” from the sale in the cover letter to its February Equipment Report: On average, the total Ritchie sale across all types of equipment was 5 percent above the Rouse Forced Liquidation Value (FLV) benchmark as of Jan. […]
March 19, 2018
Dealers
Business Roundup: Cat dealer moves to $20M HQ; IronPlanet buyers get Ritchie Bros. financing; Vermeer MidSouth celebrates 30th year; AED diesel technician certification
Kansas Cat dealer moving to new $20M headquarters Caterpillar dealer Foley Equipment Co. is moving to its expanded Wichita, Kansas, headquarters, according to the Wichita Business Journal. The company is relocating its departments and personnel to the more than $20 million headquarters, which includes 160,000 square feet across two buildings, the Journal reports. The new […]
October 24, 2017
Dealers
IronPlanet buyers now have access to Ritchie Bros. financing
Auction giant Ritchie Bros. says its financial services are now available to customers of IronPlanet, which Ritchie bought this year. IronPlanet’s customer base can now access LeaseFlex and PurchaseFlex financing, which Ritchie Bros. Financial Services (RBFS) says offer more flexibility and convenience compared to traditional bank financing. The easier process can help buyers get quicker […]
October 20, 2017
Dealers
Caterpillar Q2 sales up 9.5%, profit jumps 45%
Caterpillar’s second quarter 2017 sales and revenues increased by 9.5 percent compared to 2016, reaching $11.3 billion. In response the company released an improved outlook for the remainder of the year. “Our team delivered an impressive quarter. As demand increased, we continued to control costs and generated higher profit margins,” says CEO Jim Umpleby regarding […]
July 25, 2017
Dealers
Ritchie Bros. completes IronPlanet purchase, outlines organizational structure
Ritchie Bros. announced it has completed its purchase of IronPlanet, a transaction valued at roughly $758.5 million and financed through a senior note offering and secured term loan facility. The company announced plans for the acquisition last August and it was approved by the U.S. Department of Justice’s Antitrust Division in May. The deal also initiates […]
June 12, 2017
Dealers
Business Roundup: Ritchie Bros. cleared for IronPlanet purchase; OSHA injury reporting rule suspended; Finning Q1 earnings; Takeuchi adds Kirby-Smith; Digga partners with Berlon
DOL suspends OSHA rule requiring companies electronically report injuries and illnesses The Department of Labor has suspended an Occupational Safety and Health Administration (OSHA) rule requiring companies to electronically report injury and illness records, which keeps the records from being publicly disclosed, The Washington Post reports. The rule, which took effect Jan. 1, requires employers to send in their summary data […]
May 30, 2017
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 is giving online equipment sellers more control, ability to build custom storefronts
IronPlanet has introduced a new method for selling heavy equipment online that places a bit more power in the hands of seller. Designed with larger-scale equipment sellers in mind, IronPlanet says its new Marketplace Direct platform gives sellers more control over the assets they list for sale on the site and gives them direct control over the […]
February 28, 2017
Dealers
IronPlanet names Calhoon as vice president of data analytics and machine learning
Online equipment auctioneer IronPlanet has named Ken Calhoon as its vice president of data analytics and machine learning in charge of improving online and onsite event performance using “key data-based performance drivers.” The company says Calhoon has more than 30 years of experience in roles at Bain & Company, Mitsubishi Electronics, Forrester Research (vice president/consulting […]
February 1, 2017
Dealers
IronPlanet’s annual Florida Cat Auction to use new technology for mobile, online users
IronPlanet’s 2017 Florida Cat Auction Services Unreserved Public Auction, set for Feb. 13-17, will feature its new LiveStream platform, as well as EventHero’s event management and vendor CRM services to facilitate online and mobile access and transactions. St. Augustine, Florida-based Caterpillar dealer Ring Power Corporation is hosting the auction that will feature “late-model, low-hour equipment” […]
January 24, 2017
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