Stephen Passy, President and Founder, has over 47 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.