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Stephen Passy, President and Founder, has over thirty-two
years of experience in the industry. He was Vice President of the Construction
and Trucking Division of Max Rouse & Sons, Inc. where he oversaw a national
and international staff of salesman, auctioneers, appraisers and support
personnel. During his tenure at Max Rouse & Sons, Inc. Stephen was involved
in over 3 billion dollars in auction sales around the globe. These auctions
included Interstate Freight Systems, ANR Freight Systems and Murphy Trucking.
Stephen formed an auction and appraisal firm in 1991, conducting auction
sales in the Western United States. This company attained gross sales receipts
in excess of 60 million dollars. The firm also performed appraisals for
banks, finance companies and many construction companies. The scope of these
appraisal projects included companies with assets that had an auction value
of over sixty five million dollars.
In 1997 Stephen was hired by Forke Auctioneers - Lincoln, Nebraska, and
took on the task of developing a thirteen state sagging and under performing
division. In less than three years Stephen's efforts produced annual gross
revenues of $59,000,000. and during this period Forke Auctioneers realized
the highest net profit single transaction in its 78-year history.
On April 1, 1999 Forke closed its doors and Stephen reactivated the company
he founded in 1991 - Stephen Passy & Associates, Inc. This firm specializes
in the auctioning and appraising of construction equipment, cranes, trucks & trailers,
mining equipment, crushing & aggregate equipment, etc. In its first
twenty months of operation Stephen Passy & Associates, Inc. produced
gross revenue in excess of 55 million dollars. |
