IronPlanet Acquires Kruse Energy and Equipment Auctioneers

November 5, 2014 - IronPlanet, Pleasanton, Calif., has acquired oilfield equipment auction company Kruse Energy and Equipment Auctioneers LLC, extending its presence in the oilfield industry.

 

IronPlanet’s more than one million registered users will be able to buy through Odessa, Texas-based Kruse, a full-service auction company that has conducted more than 90%  of the energy auctions in the U.S. over the past 25 years. Co-Founders David Long and Jim Richie will continue to operate and manage the business, and will join the IronPlanet executive committee. Kruse will operate as a wholly-owned subsidiary of IronPlanet, maintaining its brand and employees.