Tech Company M&A Transactions
IronPlanet Acquisition
IronPlanet was acquired by Ritchie Bros. Auctioneers. The acquisition was announced on 8/31/2016. Ritchie Bros. Auctioneers disclosed that the acquisition price was $758.5 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/31/2016
Transaction Type
M&A
Amount
$758,500,000
M&A Terms
Together with IronPlanet, we will create a combined company of trusted brands with the ability to provide customers around the world with a greater number of choices and platforms to sell, buy and list equipment when, where and how they want -- whether onsite or online. Under the terms of the transaction, Ritchie Bros. will acquire 100% of the equity of IronPlanet for approximately US$740 million in cash and the assumption of unvested equity interests in IronPlanet, subject to adjustment, that brings the total transaction value to approximately US$758.5 million.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
3825 Hopyard Road 250
Pleasanton, CA 94588
USA
Pleasanton, CA 94588
USA
Phone
Website
Email Address
Overview
IronPlanet is the leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realizations through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gregory Owens
Chief Financial Officer
Deborah Schleicher
Chief Technical Officer
Jeffrey Barca-Hall
President
James Jeter
VP - General Counsel
Douglas Feick
VP - Operations
Randall Berry
VP - Sales
Paul Blalock
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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