NEWS
Machinery Chatter
Jim Patrico Progressive Farmer Senior Editor
Wed Apr 8, 2015 03:51 PM CDT

The online heavy equipment auction site IronPlanet just got stronger. It recently merged with Cat Auction Services, which is an alliance of Caterpillar and several of its independent dealers.

You would expect such a merger to boost construction equipment auction sales. But IronPlanet Chairman and CEO Greg Owens told DTN/The Progressive Farmer that ag equipment makes up about 10% of company volume by dollar and "will be an important part" of the company's future. He expects total gross sales to top $1 billion over the next year.

IronPlanet has been in business for 15 years and was a pioneer in ...

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