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Post by J

Purple Wave at Oklahoma Municipal League

Wed., Sep. 18, 2013 - 3 pm | Jordan Sterling

Jordan, Christina, Crystal and John

Jordan, Christina, Crystal and John

Stop by the Purple Wave booth at the Oklahoma Municipal League 100th Annual Conference and Expo September 17 to 19 at the Tulsa Convention Center.

This is a great opportunity to catch Crystal Griffis, John Rogers, Derek BriggsChristina Hurt or me and ask us how Purple Wave helps government entities manage and liquidate surplus equipment.

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Post by J

Purple Wave visits Husker Harvest Days and the Big Iron Farm Show

Tue., Sep. 10, 2013 - 1 pm | Jordan Sterling

Swing by Purple Wave booths at two major farm shows today through Thursday.

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Scott, Jeremy and Jordan

Husker Harvest Days
Find Scott Wiese, James Beal, Roger Kisner, Jeremy Reid and me at our booth at Husker Harvest Days in Grand Island, Neb. Husker Harvest Days has become one of the nation’s premier working farm shows, with exhibitors, cropping technology and field demonstrations geared to Nebraska and Western Corn Belt agriculture

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Philip, Katelyn, Andy and Ross

Big Iron Farm Show
Stop by and visit with Andy Artley, Ross Shochenmaier, Philip Mathias and Katelyn Farley at the Big Iron Farm Show at the Red River Valley Fairgrounds in West Fargo, N.D. Big Iron Farm Show is the largest farm show in the upper Midwest, with over 800 exhibitors, training sessions and  demonstrations.

These farm shows are a great way to meet our staff and visit about the advantages Purple Wave offers ag producers.

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Post by J

Purple Wave hosts Kansas FFA team for business and industry visit

Thu., Aug. 29, 2013 - 9 pm | Jordan Sterling

On Tuesday, August 13, Purple Wave had the privilege of hosting the 2013-2014 Kansas FFA state officer team along with the National FFA officer candidate and Kansas FFA Foundation Executive Director Kerry Wefald. As part of their two-day tour of area sponsors and Kansas agribusinesses, the state officer team toured the Purple Wave facility and met with members of the executive team including CFO Eric Williams, VP of Marketing Dave Brotton, Director of HR Jason Moore and founders Aaron and Suzy McKee.

Purple Wave and FFA

Kansas FFA at Purple Wave

The visit provided the opportunity for the Kansas FFA to show its appreciation for Purple Wave’s five-star sponsorship and learn more about the company’s goals, core values and key attributes it looks for when hiring. We enjoyed the opportunity to meet and interact with the state officer team and wish them well on their upcoming year of service.

Purple Wave received this note from Kansas FFA Vice President Carrie Carlson in response to the visit.

On behalf of the Kansas FFA state officer team, I’d like to extend our greatest appreciation for your financial investment in the Kansas FFA. Thank you for sharing about Purple Wave with us. I was very intrigued to see how you are growing so rapidly, 30% per year. Once again thank you for your support. We look forward to a continued partnership.

Purple Wave received this note from Kansas FFA Sentinel Elizabeth Allen in response to the visit.

I would like to thank you on behalf of the Kansas FFA officer team for taking the time out of your day to give us a tour of Purple Wave. We truly appreciate the partnership that has grown between Purple Wave and the Kansas FFA. It was very interesting to learn the history of Purple Wave. Learning about the 30% growth rate per year really opened my eyes and showed me a living testimony for the future of agriculture. If we can ever be of any help please let us know.

Purple Wave and Kansas FFA

FFA officers meet with Purple Wave

We would like to thank Kansas FFA for taking the time to visit our facility and learn more about who we are. To learn more about Purple Wave’s sponsorship of Kansas FFA, visit www.bidforblue.com or contact Jordan Sterling at 785.222.4702 or jordan.sterling@purplewave.com.

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Post by D

Jordan Sterling is new trade association coordinator

Wed., Aug. 28, 2013 - 9 pm | David Brotton

We are pleased to announce that Jordan Sterling has been named as the new trade association coordinator. In his new role, Jordan will be managing Purple Wave’s relationships and year-round activities with various trade associations. With Jordan’s experience in customer service and development, he is well positioned for his new role.

We are excited to be able to utilize Jordan’s skill set to further develop and support our trade association memberships and to help our customers who buy and sell equipment with Purple Wave.

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press release

Purple Wave named to Inc. 5000 four years in a row

Mon., Aug. 26, 2013 - 10 pm | press release

Inc. Magazine ranked Purple Wave no. 3579 on its seventh annual Inc. 5000, an exclusive ranking of the fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy – America’s independent entrepreneurs. The company was honored for achieving 85 percent growth and currently employs more than 81 people in nine central states.

Founded in 2000, Purple Wave focuses exclusively on selling construction and ag equipment for businesses and public institutions. Purple Wave now boasts the largest community of registered equipment bidders in the no-reserve, Internet auction business, with over 100,000 registered bidders and over 250,000 visitors each month to purplewave.com.

Purple Wave conducts auctions on the Internet without losing the auction experience. The auctions are all no-reserve, meaning only arms-length bidders set the prices and assets always sell. Sellers receive market values they can trust and benefit from a full-service experience, without the worry of bad weather or event logistics.

Inc. 5000 companies are distinguished for spurring innovation, providing jobs, and driving the economy forward. Purple Wave is one of 38 Kansas businesses recognized in 2013. Two other Manhattan, Kan., companies are recognized, including CivicPlus and GTM Sportswear. Additional Kansas companies include Freddy’s Frozen Custard and SafeMart.

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Post by A

September 19 Louks Construction retirement auction

Fri., Aug. 16, 2013 - 11 am | Aaron Traffas, CAI, ATS, CES

Louks Construction equipment

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Aaron Traffas: Hello and welcome to Purple Wave’s Auction Podcast. My name is Aaron Traffas. We’re conducting a retirement auction of construction equipment for Louks Construction of Mantorville, Minn., that will close on September 19. I’m speaking this morning with Rodney Louks about this event. Good morning, Mr. Louks, and thanks for joining me.

Rodney Louks: Thank you.

AT: Tell me about Louks Construction. How did you get started and how long have you been in business?

RL: My father started the business back in 1965, pretty much on his own with some help from his brothers. It just continued to grow from there until he decided to retire at this time.

What kinds of projects have you handled in the past and what areas have you served?

We worked all over the state of Minnesota, in Wisconsin and into Iowa. We’re basically an underground telephone contractor. The majority of our work – we have done some underground power. We have done all sizes of jobs – some large jobs that were 300 miles to the small half-mile job. There’s never been a preference. We just continued to grow the business and do the best work that we could.

This event is billed as a retirement auction for your father, Richard. Tell me about that decision. Was it driven by anything specific or has it been a while in coming?

Oh, it’s been a while in coming. My father is now 75 years old, and it just came to a point where me and him decided it was just the best to retire. Being up there in age, it’s hard to continue a business and deal with everything that goes on from the day-to-day aspects of it.

1995 Case 9010B excavator

1995 Case 9010B excavator

Well that’s certainly a big decision, as is the selection of an auction firm. Why was it that you chose Purple Wave?

I read about Purple Wave on an article on AgTalk. It had some really good reviews that I read on there. People liked it, so then I did a little research on my own. When I met with John, I thought he was very well informed and understood what we were trying to accomplish. And, yet, there was an ease of it, of being able to set everything up without having to promote our product and our equipment and, I guess, it was done easily.

As we record this morning, we are a little over a month away, and I see almost 80 items listed at purplewave.com. Are there more items coming?

There are more items coming. There are trucks and trailers that will be added on, and that should be the final product. The trucks and the trailers will be the final listing.

Tell me about some of the different types of equipment we’ll be selling.

We’re selling rubber-tired backhoes, trackhoes – on the smaller side, 20,000 lb. machines and less. The trucks, basically, are Fords – 2-ton trucks. The trailers are all Tow Master trailers, to a certain extent.

That would you consider to be some of the marquee items in the auction?

We’ve got a 9010 Case trackhoe on there that we basically used when we were doing some digging during trench projects where we needed a three-foot-wide trench in development area. That machine only has 400-and-some hours on it. It’s just like brand new. There’s a Terex TC50 mid-sized excavator that has approximately 400 hours on it. If you take a look at the equipment – it was maintained, it was always shedded, it was never left to sit outside and it’s in excellent condition.

Case D475 crawler plow

Case D475 crawler plow

It sounds like you took really good care of everything. Has it all been well maintained?

Yes. Yes, the equipment has been very well maintained. Everything was done ourselves. Oil changes on the equipment were usually done every 100 hours. On our trucks, we basically changed oil and serviced every 2000 miles. I’m pretty proud of that fact that we’ve never had a motor failure or a transmission or anything of that sort on any of our trucks or equipment. No major items have ever been replaced. It’s always been maybe hoses or rubbing lines or something like that. Basically we did all the maintenance ourselves. None of our equipment was ever taken to a shop for major breakdown.

Is everything located there in Mantorville?

Yes, it is. Everything is located here at our site.

Tell me about the site. Is it easy to get to and is there good access?

Yes. We’re two blocks off Highway 57, just north of the actual main street of Mantorville three blocks. As you turn and go east on Eighth Street you just come to a big, red gate and right straight ahead is a stop sign and right straight ahead is our driveway.

We always recommend that a buyer takes a look at everything before placing any bids. To that end, we have an open inspection scheduled for Saturday, September 14, from 9 a.m. to 4 p.m. Anyone can swing by during that time and take a look at the equipment. If that day and time doesn’t work for someone, what does he or she need to do to make a special appointment to look at something?

I am available, if a person wants to come and look, by making contact with me. Even if I can’t be there, I can just set up a time because there are some dogs on the property and it’s kind of nice if somebody, if they could, let us know that they’re coming so we can take care of the dogs and put them away.

New Holland LB110 backhoe

New Holland LB110 backhoe

Tell me about pickup arrangements. After the auction, once payment has been made to Purple Wave and a buyer has receipt in hand, what does he or she need to do to come in and pick up the assets?

We will help load or whatever we can with what we have here. We do not have a loading dock. That is one little, minor downfall, so those arrangements have to be made if something needs to be put on a dock. Anything that we can help load or lift we will gladly help do.

Will you have a forklift or loader there of some kind that can help put something heavy on a trailer?

Yes. Yes, just make arrangements and my father would be more than happy to help them load stuff up.

How soon does everything need to be removed?

I would like stuff to be removed approximately by two weeks after the auction. That’s kind of flexible – we can make things work.

So communication is key, and the take-home is within 48 hours of the auction they need to let you know what their plans are and you will be fairly accommodating.

Yes, exactly.

2010 Terex TC50 compact excavator

2010 Terex TC50 compact excavator

Rodney, what does the future hold now for you and your father now that you’re out of the business?

I have continued my career by going to work for MP Nexlevel. I’m very happy with that so far. My father has plenty of mowing and chores to do around the house so that always keeps him busy.

Rodney, is there anything else you want to say about the auction?

If anybody has any questions about anything that’s there for sale, I’ll give them a straightforward, honest answer. Like I said, I’m proud of what we have.

I’ve been speaking with Rodney Louks about the Louks Construction retirement auction. Thanks again, Rodney, for visiting with me this morning.

Thank you.

Bidding for the Louks Construction retirement auction is open now and will close on Thursday, September 19, beginning at 10 a.m. central. If you have questions about any of the assets listed, or you’d like to schedule an inspection before the auction, contact Rodney Louks at ralouks@gmail.com – that’s r a l o u k s@gmail.com – or call 507.951.1335.

Like all Purple Wave auctions, there are no reserves or minimum bids. Items receiving bids in the last few minutes will be automatically extended to give everyone a fair chance to bid. There’s no advantage to waiting, so view the complete inventory listing – and place your bids now – at purplewave.com.

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Post by A

August 28 Lindsey Implement retirement auction

Tue., Aug. 13, 2013 - 3 pm | Aaron Traffas, CAI, ATS, CES

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Aaron Traffas: Hello and welcome to Purple Wave’s Auction Podcast. My name is Aaron Traffas. We’re conducting a retirement auction of farm equipment for Lindsey Implement of Williston, N.D., that will close on August 28. I’m speaking this morning with Gary Lindsey about this event. Good morning, Mr. Lindsey, and thanks for joining me.

Gary Lindsey: Thank you.

AT: This was Lindsey Implement’s 23 year. Tell me how you got started those many years ago.

GL: Well, I worked for the previous Allis-Chalmers dealer for 10 years before. As he closed, I found the opportunity to open up. I applied for the franchise and got it, and started out in 1990 with two employees and myself and we started the business.

As your business grew, I understand you found yourself with quite a significant sales volume. Tell me how much you were selling and what kind of area you served.

Gary Lindsey

Gary Lindsey

Well we had about a 150-mile radius. Throughout the years we were one of the top volume dealers in North America for Gleaner. At one time, we were number one in North America in sales. Throughout the years, our customer base grew enough where we had significant combine sales and pretty much saturated this part of the country with Gleaners.

Was it predominantly Gleaner? What other AGCO lines did you sell?

We sold tractors. We sold pretty much all of the AGCO line. In the last couple years we just got in to the Massey. Gleaner was the number one for us in this wheat area here. Gleaner was accepted very well.

What were the challenges you faced that caused you to decide to close the doors?

Well, through the years, all the companies started where they wanted multiple store locations. The writing was on the wall where we were going to get pushed into a either-get-big-or-get-out-type situation. We’d seen the opportunity with the oil boom up here to sell our land – that our dealership was getting totally surrounded by oil companies and such. There wasn’t a good place any more for a dealership. At that time we had plans of building new and carrying on with the dealership, but that wasn’t in the company’s future plans. We’d seen the writing on the wall and decided it’s time to let things go.

That decision could not have been easy, nor the decision of selecting someone to help you sell the rest of your equipment. Why did you elect to partner with Purple Wave?

2001 Gleaner R62 combine

2001 Gleaner R62 combine

Well, I was approached by Philip, your sales rep, and he did a good job selling your auction business to me. I previously sold some items on TractorHouse. I’d looked from time to time on your website and it’s impressive. I just hope the sale goes as well as I want it to, but you never know on an auction. Your field personnel did a good job, so I was impressed with that.

Well, Gary, roughly 60 of the over 200 pieces in this auction are yours. Tell me about the different types of equipment you’ll be selling.

Well, most of my items are – they’re all rotary combines. They are anywhere from the later model 62s, 72s and later Masseys. A lot of the headers are the newer series. They’re all local machines. They came from this area. They came out of the wheat area where the wear factor isn’t a big item. We’ve found where customers like to get combines out of this area because of that – because there is very little picking up and there isn’t much abrasive crops going through them.

2002 Massey-Ferguson 8780XP combine

2002 Massey-Ferguson 8780XP combine

I see a couple of the headers are listed as unused. Tell me about the condition of the rest of the equipment – most of it was trade-in pieces?

Yeah, these were all trade-in pieces from local farmers around. Most of our cutting around here is all straight cutting – very little picking up. A lot of the headers – I mean, probably a half hour and you’d be in the field cutting fine with them – just regular maintenance. Combines – the same – very little to do with them. The older ones, of course, have been sitting for a little while. It wouldn’t take very much for any of them to – a little bit of work would get in the field and work fine for them.

1999 Gleaner R72 combine

1999 Gleaner R72 combine

This equipment is all located near your dealership in Williston?

Yes, I have them on a lot not too far from my previous dealership. It’s very easy to get to.

What does someone need to do to come take a look at something before placing a bid?

Well, they either contact me or Philip and we’d gladly show them whatever they want to see on them.

After the auction, once payment has been made to Purple Wave and a buyer has invoice in hand, what does he or she need to do to come in and pick up the assets?

Just contact me or Philip, show proof of payment and we will write up a separate invoice to them for tax purposes, just like we did on our last sale. We would release the combine to them and if they need anything to purchase to get it home, we’ll be able to help them with it.

1996 Flexi-Coil 5000 39' air seeder

1996 Flexi-Coil 5000 39′ air seeder

So there will be load-out assistance of some kind?

Yes. We have forklifts and such to load headers. Most people, when they send trucks, it’s just more or less to drive the combine on to the trailer.

How soon are you wanting everything to be removed?

I would like to see, since I’m renting a lot to put them on – I would like to see it no later than two weeks after the auction to have everything cleaned up.

One last question, Gary – what are you planning on doing after retirement?

Well, I have a number of things. I have quite a few businesses in town that would like me to come on board, but I have haven’t decided yet. I have about five employees I kept on and we’re going to be opening up a farm-type hardware store, which they will be running. I’m into classic cars, myself, so that’s a little sideline that I’ve always been doing. I enjoy it, so that type of thing, and then overlooking the hardware store. I’ve got to still keep in to the farm part of it.

Auction flyer

Auction flyer

Well, Gary, is there anything else you want to say about the auction?

Like I said, they’re all local machines and I don’t think anybody’d be hurt by any of them.

I’ve been speaking with Gary Lindsey with Lindsey Implement about his retirement auction in the August 28 ag equipment auction. Thanks again, Gary, for visiting with me this morning.

Thank you.

Bidding for the August 28 ag equipment auction is open now and will close on Wednesday, August 28, beginning at 10 a.m. central. If you have questions about any of the assets listed for Lindsey Implement, or you’d like to schedule an inspection before the auction, contact Gary at glindsey@harvestmail.net or call Purple Wave’s Philip Mathias at 701.429.1561.

Like all Purple Wave auctions, there are no reserves or minimum bids. Items receiving bids in the last few minutes will be automatically extended to give everyone a fair chance to bid. There’s no advantage to waiting, so view the complete inventory listing – and place your bids now – at purplewave.com.

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Post by D

Lender feedback

Fri., Aug. 9, 2013 - 5 pm | Dave Sommers, AARE, PRI

The Purple Wave family is blessed to be helping a lot of people in a lot of places. I may visit with a Minnesota banker one minute, then an Illinois, Wyoming or Texas banker the next. We’re growing into new seller territories in all directions which has led to many conversations with lenders unfamiliar with purplewave.com. I owe them an introduction, so I’ve reviewed notes and am sharing some paraphrased lender-customer feedback.

General feedback of purplewave.com from lenders

  • Purple Wave’s auction results is a useful source for equipment values.
  • We just wired a payment; I found a tractor on purplewave.com that a customer was seeking and he won the bid.

Lender-consent sales feedback

  • Thanks for going to the trouble and expense of researching UCC filings.
  • I appreciate your communication; we didn’t know our borrower was selling.
  • We have received jointly payable proceeds as requested.
  • Your settlement statements and supplemental auction reports are fantastic.
  • Does Purple Wave sell for banks too? Yes. All the time.
  • I’ve got another guy who will be calling Purple Wave soon.

Lender-owned sales feedback

  • Purple Wave made the sale easy for us and exceeded expectations.
  • Thank you for the clear communication and sales documentation.
  • The buyer is from Australia – your marketing is amazing!
  • I’m glad we found out we could sell a single asset with Purple Wave.
  • We didn’t have to transport assets and you saved other holding costs.
  • Purple Wave did a great job in gathering asset information.

Lender-inspired, lender-referred, and debtor-controlled sales feedback

  • The borrower is pleased, I’m pleased and we’re glad we were able to sell this way.
  • I was taking a chance in recommending Purple Wave and you didn’t let me down.
  • The proceeds wire came in. Purple Wave saved us a lot of paperwork, irritation and money.
  • Thanks for requesting consent; I actually recommended Purple Wave to the seller.
  • I recommend you guys all the time and have purplewave.com bookmarked.

Most Purple Wave customers work in the agriculture, construction or transportation sectors. They come to purplewave.com as they need to buy and sell tools of their trades. With the exception of ag lenders who are also ag producers, most lenders don’t have a baler, dozer, or semi sitting in their yards. The point is that purplewave.com may not seem like a natural destination for lenders, yet you may find it a useful tool, as do many lenders.

Purple Wave shares a customer base with commercial and ag lenders. In fact, you and I are most likely to meet when I call you in requesting consent and payout guidance for borrowers selling collateral. I’m told most of our mutual customers are good-standing borrowers, which shows we are the first choice in selling for many upstanding businesses.

In geographic areas where purplewave.com is well known and trusted by the lending community, our volume of lender-inspired sales has grown significantly. Lender-inspired sales work well as all parties work toward the same goal, recovering the most possible. They are certainly preferable to disappearing collateral, “suddenly” distressed equipment, fractured relationships and lengthy and expensive replevin actions.

I promise to call you when your customers sell, and ask that you consider us when equipment needs to be remarketed. Please visit and bookmark purplewave.com. If the site is blocked, tell IT you would like to use Purple Wave as a lending tool.

Purple Wave Dave

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Post by J

Bid for Blue impacts 10 chapters with second quarter donations

Mon., Aug. 5, 2013 - 8 am | Jordan Sterling

Purple Wave made donations to 10 local FFA chapters in the past quarter to continue the success of the Bid for Blue program. Through this program, the buyers of the 11 assets earmarked for Bid for Blue in April, May and June chose 10 unique chapters to receive donations. In the second quarter of 2013, we were able to donate a total of $1,681.50 back to Kansas and Nebraska FFA. We encourage you to visit www.bidforblue.com to stay updated on the recent and upcoming Bid for Blue assets and chapters receiving the donations as selected by our winning bidders.

Here are a few notes we’ve received in recent months from our friends in Kansas and Nebraska FFA.

The Ulysses FFA Chapter would like to thank you for your tremendous support! Thanks for supporting the Bid for Blue through Purple Wave.
M’Lynn Blundell
Ulysses, Kan., FFA chapter in response to a recent donation

Thank you for your participation in the Bid for Blue program. Support from members like you helps our students reach their full potential.
Oxford, Kan., FFA chapter in response to a recent donation

Thank you so much for your investment in the Bid for Blue program. Next year will be the first year for FFA at Flinthills and your contribution was the first donation and deposit for our chapter. Thank you for your support.
Flinthills, Kan., FFA chapter, chartered 2013, in response to receiving its first donation as a newly chartered chapter

Thank you so much for your sponsorship of the Ag Communications FFA CDE on the state level. We appreciate all the support and help you give with the FFA. We hope to represent Kansas well at the national level.
Ag Communications Team
Girard, Kan., FFA chapter in response to our support of career development events at Kansas FFA State Convention

Good luck to the Girard FFA Ag Communications Team as they compete at National FFA Convention from October 30 through November 2, 2013.

If you have a comment or question about the program or want to share how FFA and Bid for Blue has impacted you or your chapter, let us know through our feedback form or by email to jordan.sterling@purplewave.com.

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Post by A

Patrick Crouch is new ag industry specialist

Fri., Jul. 26, 2013 - 8 am | Aaron McKee, CAI, AARE, ATS

Patrick Crouch

Patrick Crouch

We are pleased to announce that Patrick Crouch has been promoted to ag industry specialist. In his new role, Patrick will be working with the territory managers to assist in evaluations and large ag packages. In addition, he will also be working with marketing and operations ensuring accurate communications, assisting with trade shows and keeping us up to date on the latest from the ag industry. With Patrick’s background in agriculture as well as his time as a territory manager, he is well positioned for his new role.

We are excited to be able to utilize Patrick’s skill set to further support our customers who buy and sell ag equipment with Purple Wave.

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