Spire Capital invested in AssetNation in March 2007. Under Spire Capital’s management, AssetNation was a leading technology provider of applications, management tools and online marketplaces for asset acquisition, utilization and disposition solutions for a variety of industries including the insurance, manufacturing, energy, retail and supply chain sectors. AssetNation combined comprehensive services, proprietary technology tools and applications and leveraged the online environment to increase transaction transparency and efficiently access a global universe of buyers. AssetNation has dramatically improved recovery results for sellers of commercial salvage goods, as well as corporate, end-of-life assets. Spire Capital exited the investment in May 2012 to Ritchie Brothers Auctioneers.
Investment InformationInitial Investment Date: March 20, 2007
Status: Exited to Ritchie Brothers Auctioneers in May 2012
Type of Investment: Fund II