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February 13, 2016 7:07 PM ET

Commercial Services and Supplies

Company Overview of IronPlanet, Inc.

Company Overview

IronPlanet, Inc. provides online auction services in the United States and internationally. The company operates an online marketplace for buying and selling used heavy equipment. It also offers conventional tractors, trucks, crawler tractors, dump trucks, trailers, excavators, and farm tractors. In addition, the company provides construction equipment, cranes, agricultural equipment, mining equipment, forklifts, quarry and aggregates, forestry machinery, oil and gas machinery, and motors. IronPlanet, Inc. was formerly known as, Inc. and changed its name to IronPlanet, Inc. in November 2009. The company was incorporated in 1999 and is headquartered in Pleasanton, California. I...

3825 Hopyard Road

Suite 250

Pleasanton, CA 94588-8528

United States

Founded in 1999

304 Employees





Key Executives for IronPlanet, Inc.

Chairman of the Board and Chief Executive Officer
Age: 55
Age: 56
Chief Financial Officer
Senior Vice President of Operations and Services
Managing Director of Canada
Compensation as of Fiscal Year 2015.

IronPlanet, Inc. Key Developments

IronPlanet Wins Contract by Zachry-Odebrecht Parkway Builders

IronPlanet announced 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. IronPlanet plans to sell the Zachry-Odebrecht equipment through a strategic and targeted combination of its high visibility Daily Marketplace, allEquip, its 'buy now' marketplace, as well as IronPlanet’s online weekly Featured Auctions. All of the equipment will be backed by IronPlanet’s IronClad Assurance® guaranteed inspection reports, which assure buyers of an accurate representation of equipment condition so they can buy with confidence.

IronPlanet Closes New $55 Million Debt Financing

IronPlanet 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. 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.

Jeff Holmes Joins IronPlanet as Vice President, Government Solutions

IronPlanet announced that Jeff Holmes has joined as vice president, Government Solutions. Holmes brings a unique background that combines his military service with a corporate career spent driving efficiency and growth through business and government partnerships. At IronPlanet, Holmes is responsible for business development of its GovPlanet marketplace, including all development, management and growth of its federal and municipal government as well as its military relationships. Holmes has worked extensively in both commercial and government supply chain operations. Prior to joining IronPlanet, he worked for PwC Management Consulting’s Retail and Consumer Sector Operations. There he focused on brand promise, customer experience, supply chain, technology and sourcing to the consumer goods and retail supply chain. At PRTM, Holmes was a partner focused on the Global Public Sector business opportunities group including the U.S. Department of Defense (DOD) and other federal agencies. There, he worked extensively on business strategy, organizational alignment, sales and operations planning (S&OP), logistics and supply chain operations. He also worked on design and implementation of leading practices for maintenance operations across the DOD community. He was a key leader in business initiatives to reduce operational cost in transportation and logistics. Before PRTM, Holmes was an executive vice president and the president of Worldwide Sales Operations at Manugistics Group Incorporated (now JDA Software Group). During his tenure at Manugistics, he was responsible for developing the Government Business Unit and had oversight for worldwide revenue generation. He also managed seven corporate acquisitions for the company. After retiring from the U.S. Army in 1992, as a Lieutenant Colonel with 20 years of active service, Holmes worked extensively in international logistics operations for Mars, Incorporated, including assignments in Russia and Canada.

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