In 2018, Irontrax expanded into new markets and continued to grow and build on its founding principles. A few milestones were achieved along the way.
Irontrax appraised crane assets in excess of a billion dollars in 2018, and, on a value basis, completed its largest appraisal project to date – over $325 million orderly liquidation value.
Irontrax appraised an enormous amount of equipment in 2018 and monitored many markets. According to Irontrax, the indicators point to steady market activity in the construction, machining, processing, medical and energy sectors, but continued declines in the printing, textiles and woodworking industries.
In addition to his steady diet of valuation work in the traditional freight, car hauling and towing industries, Transportation Division Director Mike Holck conducted a substantial number of appraisals in the ag equipment, oil and gas, and motor coach sectors in 2018. The equipment markets in these industries are experiencing considerable volatility, and lenders are closely monitoring the values of the associated assets.
With the addition of Accredited Senior Appraiser David Helle, Irontrax entered into the solar energy, medical imaging, and computer server equipment markets. Helle’s experience also includes most types of manufacturing & processing equipment, and his addition will be an ideal complement to the expertise of Industrial Division Director Tom Sexton.
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