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Latest Midwest Equipment News
Jul 7, 2021
News provided by Share this article Share this article LINCOLN, Neb., July 7, 2021 /PRNewswire/ -- Midwest Equipment and AuctionTime.com recently beat the clock—and selling price expectations—to liquidate a package of machinery and trucks for a large contractor in the central United States. The customer had reached out to Midwest's Jake Swisher on June 7th, 2021 with a list of excavators, heavy trucks, and three-quarter-ton pickups to be auctioned off. There were two caveats: the customer's 50 assets were spread out across three states, and it all had to be sold within 24 days, by July 1st. Buyers placed bids from all across the United States, as this AuctionTime bidder map shows. Among the machines Midwest Equipment sold was this 2012 Deere 290G LC excavator. https://www.soldbymidwest.com/ Swisher knew that an online auction would bring the best return for the customer given the short turnaround time. He had also witnessed several months' worth of record-breaking selling prices on AuctionTime.com. Midwest sold the customer's entire package on the platform's June 23rd and 30th sales. The results on AuctionTime.com were strong. Midwest Equipment's auctions attracted bidders from four continents, bringing in $1.1 million in total sales. "With help from AuctionTime, we are able to short-cycle equipment and achieve good prices," Swisher said. "The customer maintains their equipment very well, which has a big reflection in the price of their equipment. Also, we strive to ensure our listings are the best quality possible so our buyers know exactly what they are buying." "Because of our sales cycle and weekly auctions, we were able to not only accommodate the customer's time frame, but also to exceed expectations with values," said Matt Sterup, manager, Machinery Trader Contractor Sales. Below are some highlights from the sales for AuctionTime.com and Midwest Equipment. Midwest Equipment Auction Package Highlights Caterpillar 324EL Sell with AuctionTime.com The AuctionTime platform and network of auctioneers simplify the asset liquidation process for contractors, farmers, and fleet owners. Anyone with equipment, trucks, or trailers can sell them on AuctionTime.com. Call 800-334-7443 to find a local auctioneer or see a list of auctioneers in your area on AuctionTime.com . About AuctionTime.com Powered by Machinery Trader , CraneTrader , ForestryTrader , LiftsToday.com , PavingEquipment.com , Truck Paper , TractorHouse , and MarketBook , AuctionTime.com is a product of Sandhills Global—an information processing company headquartered in Lincoln, Nebraska. AuctionTime equipment listings appear both online and in print across Sandhills' trade publications and corresponding websites to reach buyers around the world in the trucking, agriculture, construction, and heavy equipment industries. Contact Us
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Midwest Equipment Frequently Asked Questions (FAQ)
When was Midwest Equipment founded?
Midwest Equipment was founded in 2008.
Where is Midwest Equipment's headquarters?
Midwest Equipment's headquarters is located at 777 Manor Park Dr, Columbus.
What is Midwest Equipment's latest funding round?
Midwest Equipment's latest funding round is Private Equity.
Who are the investors of Midwest Equipment?
Investors of Midwest Equipment include Tecum Capital Partners.
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