IronPlanet Acquires Asset Appraisal Services
PLEASANTON, Calif., Feb. 27, 2013
PLEASANTON, Calif., Feb. 27, 2013 /PRNewswire/ --IronPlanet®
(www.ironplanet.com), a leading online marketplace for used heavy
equipment,announced today that it has acquired Asset Appraisal Services
(AAS), an inspection, appraisal and online auction services company serving
customers across the used capital equipment markets, with a key focus on the
commercial truck sector.
"We are very excited to incorporate Asset Appraisal Services, a trusted name
in truck remarketing, as part of the IronPlanet marketplace," said Greg Owens,
CEO of IronPlanet. "Their expertise in inspections will further enhance
IronPlanet's exclusive IronClad Assurance® and inspection services
capabilities, while their deep experience and relationships in the truck
market will strengthen our expansion in this growing sector of our business."
Headquartered in Omaha, Nebraska with a team of field inspectors across North
America, AAS has successfully developed a range of creative remarketing
offerings for its customers, including auction services for the industry's
leading truck manufacturers. The company will operate as a wholly owned
subsidiary of IronPlanet and continue to use the respected Asset Appraisal
"I am excited that Asset Appraisal Services has joined IronPlanet, the pioneer
of online equipment auctions," said Michael Cox, president and founder of AAS.
"With IronPlanet, AAS will be able to reach new customers through its global
marketplace, while continuing to deliver the quality service our customers
have come to count on through the years."
About Asset Appraisal Services
Asset Appraisal Services (www.assetappraisalservices.com) has provided
inspections on used commercial equipment since 1999. Since then, AAS has
expanded, offering appraisals, legal testimony, online auction services, and
custom-fit, cutting edge integrated remarketing systems to our growing
customer base across the U.S. and Canada.
IronPlanet is a leading online marketplace for used heavy equipment. Our
sellers achieve more profitable sales through low transaction costs and better
price realization through a global audience of buyers. Our guaranteed
inspection reports and exclusiveIronClad Assurance^®enable buyers to bid
with a high degree of confidence. IronPlanet is backed by Accel Partners,
Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more
Contact: Jim Taylor, McRae, +1-404-917-0698, firstname.lastname@example.org
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