IronPlanet®, the online marketplace for buying and selling used heavy equipment and trucks, recently launched GovPlanetSM, an online marketplace dedicated to buying and selling used government assets. GovPlanet will be the primary marketplace for the sale of U.S. Department of Defense (DoD) rolling stock surplus assets.

“We are excited to bring our expertise as well as our over one million registered users to the government surplus market with our recently awarded contract from the U.S. Defense Logistics Agency,” said Gregory J. Owens, Chairman and CEO, IronPlanet. “GovPlanet is a compelling new platform for fast and efficient disposal of government surplus equipment that we believe will transform the way assets have traditionally been sold in this market. We look forward to working with the DoD and other public sector entities as we grow GovPlanet.”

GovPlanet’s first online auction will be on Wednesday, November 19, 2014. Buyers can go to www.GovPlanet.com today to sign up for inventory updates leading up to the inaugural sale. GovPlanet’s November 19 auction will feature rolling stock surplus assets of the DoD. Rolling stock includes surplus trucks, trailers, generators, wheel loaders, cranes, crawler tractors and other equipment. Every item on GovPlanet will include a detailed inspection report backed by IronPlanet’s exclusive IronClad Assurance® buyer protection program, which guarantees the report is an accurate description of the item’s condition.

GovPlanet Specializing in Government Surplus, Federal, State and Municipal

GovPlanet’s marketplace, GovPlanet.com, is built on IronPlanet’s proprietary technology, which offers sellers the ability to maximize revenue through various remarketing channels, including online auctions, while giving buyers the most efficient connection to inventories globally. Buyers and sellers can manage their fleet assets more cost effectively than traditional auctions and on their timelines. GovPlanet.com follows IronPlanet’s TruckPlanet.com, which went live in May 2013, and allEquip.com, IronPlanet’s buy-it-now marketplace, introduced in June 2014.

“GovPlanet is IronPlanet’s newest offering on our proven online marketplace platform,” said Randy Berry, IronPlanet’s Senior Vice President, Operations and Services, and head of GovPlanet. “Winning the DLA contract gives us the ability to leverage our technology and operational strengths to reach new audiences in the federal, state and municipal markets.”

IronPlanet was awarded the U.S. Defense Logistics Agency (DLA) contract to manage and sell rolling stock surplus assets of the U.S. Department of Defense (Surplus Contract) on July 25, 2014.