IronPlanet to conduct retirement auction for 41-year-old New Jersey construction company

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Nov 27, 2017, 10:57 ET

D.R. Mullen Construction Company Inc. will sell all its assets in Dec. 14 weekly online auction

OAKLAND, NJ, Nov. 27, 2017 /PRNewswire/ - Ray Mullen opened his construction business 41 years ago in Northern New Jersey. Shortly after the company opened, the county where his company was located experienced a housing boom and his company boomed along with it. Specializing in site work, road construction, sewer, watermain and storm drain installation, as well as curbing and paving, D.R. Mullen Construction Company Inc. was busy, growing to 35 employees.

Now 71 years old, after a great run in the business, Ray has decided to retire, choosing to sell all his company's equipment and trucks unreserved through an IronPlanet weekly online auction on December 14. Equipment highlights in the auction include excavators, dozers, graders, rollers, dump trucks, fuel trucks, service trucks, and more.

"We've always been very studious in the repair and service of our equipment—it's all ready to go to work for new owners," said Ray Mullen. "I chose to sell with IronPlanet because of the convenience their online auctions provide. They can market my equipment to buyers all around the world."

More than 130 items will be sold for D.R. Mullen Construction on December 14. Items will be available for preview and priority bidding starting December 1.

"We're honored Ray has trusted us to sell his assets and help fund his retirement—it's a responsibility we take great pride in," said David Kreis, Regional Sales Manager, Ritchie Bros. "Ritchie Bros. solutions are designed to make buying and selling easy. With IronPlanet online auctions, sellers benefit from our global reach and marketing strength with the convenience of selling equipment where it sits. Buyers have access to equipment inspection reports, high-res photos and can quickly and easily bid from their desktop or mobile."

Specific equipment highlights from D.R. Mullen Construction Company:

A 2013 Caterpillar 328D hydraulic excavator
A 2010 Freightliner FLD120 tri-axle truck tractor
A 2013 Caterpillar 308E hydraulic excavator
A 2004 Caterpillar 950G Series II wheel loader
A 2004 Caterpillar CS563E vibratory single drum compactor

For more information about the December 14 auction, including a complete list of equipment, visit IronPlanet.com.

About Ritchie Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a multitude of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification; Marketplace^e, an online marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The company also offers sector-specific solutions including GovPlanet, TruckPlanet, Kruse Energy Auctioneers, and Cat^®auctions, plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about the unprecedented choice provided by Ritchie Bros., visit RitchieBros.com.