Irontrax, a heavy equipment valuation firm, added equipment appraiser Vince Lorenz.

Lorenz previously worked in equipment valuation with Ritchie Bros. Auctioneers, where he served as a territory manager for the past eight years.

He has also served as pricing analyst at Ransome Caterpillar and sales coordinator at Ohio Cat. Lorenz also worked for his family’s business, Lorenz Equipment, where he held a number of positions in the parts, service and rental divisions.

Irontrax is a valuation firm specializing in heavy equipment, with experience in the areas of construction, mining, transportation and agriculture. Services include residual analysis, floor plans/field audits, lease end inspections/recovery and sales/remarketing.