Pacific Northwest 18, August 29, 2021

PACIFIC NORTHWEST EDITION

A Supplement to:

®

August 29 2021 Vol. V • No. 18

“The Nation’s Best Read Construction Newspaper… Founded in 1957.” Your Pacific Northwest Connection – Patrick Kiel – 1-877-7CEGLTD – pkiel@cegltd.com

Potential buyers now can bid on a lineup of heavy machinery from the comfort of their own homes due to J. Stout Auctions’ newly-constructed auction studio.

During the course of the past 18 months, many companies have needed to evolve and adapt to a new business landscape caused by the coronavirus pandemic. COVID-19 has forced many professionals, companies and business owners to think differently about the future and to find ways to pivot in a new direction to keep their bottom line sustainable. Among those companies is J. Stout Auctions (JSA), a privately-owned, full-service heavy equipment, commercial truck and industrial support auction located in Washougal, Wash. The global pandemic forced a break from in-person auctions across the construction industry, but that did not stop the Pacific Northwest auctioneer from conducting sales. In fact, the pause from in-person auctions caused the company to rethink and revamp its strategy. Behind a newly-built studio — which carried a cost of hundreds of thousands of dollars — JSA moved its heavy equipment to a live, online-only format. JSA also upped the frequency of its auctions, moving from quarterly auctions to now conducting them on a monthly basis. see AUCTION page 10