It’s been another amazing year at Irontrax! 2018 brought us new faces, and took us to different places. We expanded into new markets, and continued to grow and build on our founding principles. And, a few milestones were achieved along the way!
Irontrax continues to be an industry leader of crane appraisals in North America. We appraised crane assets in excess of a billion dollars in 2018, and, on a value basis, completed our largest appraisal project to date – over $325,000,000 Orderly Liquidation Value.
Irontrax appraised an enormous amount of equipment in 2018, and we monitored many markets. As we welcome in the new year, 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 & 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. Mike’s ability to deliver on these projects is a direct result of his decades of experience and reputation as a consistently accurate appraiser.
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.
The newest member of the Irontrax extended family was born at Pennsylvania Hospital in Philadelphia, the very first hospital in United States. On November 20, Staff Appraiser Vince Lorenz and his wife Kathryn welcomed their first born, Frank Ross Lorenz. He arrived weighing 6 lbs 03 oz at 6:03PM; just in time for a 6:03 dinner!
Where did Irontrax travel in 2018? We appraised equipment in forty states & provinces, including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Jersey, New York, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Ontario.
Where will Irontrax be in 2019? To mention just a few:
- Irontrax will be at the Equipment Appraisers Association of North America’s 29th Annual Membership Meeting in Pittsburgh, PA Jan. 25 – 26. Register Here
- Irontrax will be a sponsor at the Commercial Finance Association’s Asset-Based Capital Conference in Las Vegas Feb. 5– 6. Register Now
- Staff Appraiser Vince Lorenz will be presenting on the Construction Industry at the Equipment Leasing and Financing Association’s annual Equipment Management Conference in Carlsbad, CA Feb. 24 – 26. More Info
- Irontrax will again be sponsoring and participating in the American Society of Appraisers’ 8th Annual Equipment Valuation Conference in Cleveland June 3 – 5. Register Online
If you see us at any of these events, please stop by and say hello. Have a healthy and prosperous 2019!
Author: David Helle
Check out all of Irontrax’s 2018 Insights at www.irontrax.com/insights