03.03.2013

Iron Planet acquires AAS

Iron Planet has acquired Asset Appraisal Services, a North American inspection, appraisal and online auction company which focuses on the commercial truck sector.

Headquartered in Omaha, Nebraska with a team of field inspectors across North America, Asset Appraisal offers auction and related services to the industry’s leading truck manufacturers. The company will in future operate as a wholly owned subsidiary of IronPlanet and continue to use the Asset Appraisal Services name.

Iron Planet chief executive Greg Owens said: “We are very excited to incorporate Asset Appraisal Services, a trusted name in truck remarketing, as part of the IronPlanet marketplace. 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.”

Michael Cox, Asset Appraisal’s founder and president added: “I am excited that Asset Appraisal Services has joined IronPlanet, the pioneer of online equipment auctions. With IronPlanet, we 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.”