IronPlanet and Cat Auction Services to merge

By |  December 29, 2014

IronPlanet will be merging with Cat Auction Services. Once combined, the two companies will provide buyers and sellers with used heavy construction equipment.

They will also provide auction and remarketing solutions; a global, integrated market; and value and convenience for customers.

“The live auction format from Cat Auction Services, along with IronPlanet’s online marketplaces, will give our customers the innovative solutions they are looking for to meet their inventory management requirements,” says Gary Trettel, president and CEO of Cat Auction Services. “This is a very significant merger as both companies are industry leading and clearly complement each other. We have a unique opportunity to transform our business and position ourselves to meet the growing demand of our customers for better technology, tools, and services when buying and selling heavy equipment.”

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