GovPlanet, an IronPlanet marketplace dedicated to selling used government equipment for federal, state and municipal entities, celebrates the second anniversary of its launch and enters its third year as an expanded solutions platform that reaches buyers around the world from online auctions in the U.S. and Europe.
“Our growth both geographically and through our product offerings underscores the success of GovPlanet in just two short years,” said Jeff Holmes, senior vice president, Government Solutions and Auction Management, IronPlanet. “Since launching in November 2014 and selling the very first Humvee in a public auction with more than 100,000 attendees online that day, to where we are today selling construction equipment, trucks, pump and power gear, and other surplus items with remaining useful life to our 1.5 million registered users around the world is truly rewarding.
“With our technology we have proven that we can sell equipment in half the time of traditional options for three-times the return in most cases,” Holmes continued. "That is money that goes into reducing government expenditures in the future and essentially back into tax payers’ pockets."
2015 – 2016 GovPlanet Milestones
- On August 8, 2016, IronPlanet announced that the U.S. Department of Defense’s Defense Logistics Agency (DLA) had executed its option to extend its Commercial Venture 4-Rolling Stock (CVR-4) contract. This is the first of four one-year extensions and comes after a successful launch and two-year partnership that has returned three-times prior proceeds to the DOD.
- After one year of successful DLA equipment auctions in Europe, GovPlanet EU was formally launched at DVD2016 in the UK in early September 2016. GovPlanet EU recently won its first local government contract with the Fife Council, and is working closely with the Ministry of Defense and emergency services to help modernize their approach to equipment disposals. David Shouesmith, retired major-general, British Army, and former PwC Senior Director, joined IronPlanet earlier this year to lead the European expansion of GovPlanet EU.
- GovPlanet extended IronPlanet’s technology platform to include a do-it-yourself component, GovPlanet Direct, so that sellers can dispose of all equipment on one online marketplace. This is especially relevant for state and local governments who turn all types of equipment frequently.
- In June, IronPlanet was awarded a National Joint Powers Alliance (NJPA) contract for procurement of “Surplus Auction Services with Related Solutions.” This award allows NJPA’s 50,000 member agencies to procure GovPlanet’s disposition services on pre-established terms.