PLEASANTON, Calif. (Feb. 26, 2013) - 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.
PLEASANTON, Calif. (Feb. 26, 2013) - 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 Services name.
“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 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.
About IronPlanet
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 exclusive IronClad 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 information, visit
www.ironplanet.com.
