Add-on Acquisition • Internet Software and Services

IronPlanet Acquires Kruse Energy & Equipment Auctioneers

On November 3, 2014, IronPlanet acquired internet software and services company Kruse Energy & Equipment Auctioneers

Acquisition Context
  • This is IronPlanet’s 2nd transaction in the Internet Software and Services sector.
  • This is IronPlanet’s 2nd transaction in the United States.
  • This is IronPlanet’s 1st transaction in Texas.

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M&A Deal Summary

Date November 3, 2014
Target Kruse Energy & Equipment Auctioneers
Sector Internet Software and Services
Buyer(s) IronPlanet
Deal Type Add-on Acquisition

Target Company

Kruse Energy & Equipment Auctioneers

Odessa, Texas, United States
Kruse Energy & Equipment Auctioneers LLC is a full service provider in oilfield equipment auctions, extending its presence in the oilfield industry.
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Buyer Overview 1

Buyer

IronPlanet

Pleasanton, California, United States

Category Company
Founded 1999
Sector Internet Software and Services
Employees304
DESCRIPTION

IronPlanet, Inc. is an online marketplace for used heavy equipment. IronPlanet has sold over $4 billion of used equipment online and has built a database of more than 1.3 million registered users worldwide. IronPlanet delivers sellers the right channels to reach the right buyers at the right time to maximize their returns. At the same time IronPlanet delivers the tools buyers need to buy with confidence on their time frames.


Deal Context for Buyer #
Overall 2 of 2
Sector: Internet Software and Services 2 of 2
Type: Add-on Acquisition 2 of 2
State: Texas 1 of 1
Country: United States 2 of 2
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-27 Asset Appraisal Services

Omaha, Nebraska, United States

Asset Appraisal Services, Inc. is 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.

Buy -