Copart Announces Investment In Heavy Equipment Auction Company Purple Wave

Oct 10, 2023•about 2 years ago

ManhattanAgriculture and FarmingE Commerce

Investors

Purple Wave, Inc.

Description

Copart, Inc. (NASDAQ: CPRT) a global leader in online auto auctions, today announced a new strategic investment and partnership with Purple Wave, Inc., an online offsite heavy equipment auction company.

Company Information

Company

Purple Wave

Location

Manhattan, Kansas, United States

About

Established in 2000, Manhattan, Kan.-based Purple Wave has set the standard as a pioneer in the online auction industry, selling items directly from the seller's location through no-reserve online auctions at www.purplewave.com. With a specialized focus on the sale of construction, agriculture, and fleet assets, Purple Wave has been able to create strategic partnerships with construction contractors, agricultural producers, fleet owners, and governmental agencies. Purple Wave builds relationships on trust, team, care, and passion, ensuring that they become more than just an auction platform but a dedicated partner in their customers' success. Purple Wave offers a range of services including appraisals, listings, marketing, and post-auction shipping. They streamline equipment transactions by connecting buyers with sellers, ensuring that they are the easiest, most straightforward way to sell and buy equipment.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns