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Heavy Equipment

J.J. Kane Sets Online Auction Record on Proxibid

J.J. Kane Auctioneers’ timed, online only auction of power line, utility, and construction fleet equipment has surpassed previous such online sales records on Proxibid. The auction topped $4.1 million with nearly 850 online bidders participating.

Ritchie Bros. Acquires IronPlanet

Vancouver-based Ritchie Bros. Auctioneers has acquired online auctioneer IronPlanet of Pleasanton, Calif., for $758.5 million, the company announced.