VANCOUVER, BC--(Marketwired - August 30, 2017) - Three years ago Able Auctions' president Jeremy Dodd started an expansion plan in British Columbia. In 2014, he bought an auction house in Abbotsford, rebranding it. In December 2015, Able acquired an auction house in Nanaimo. Today Able Auctions announces that they have purchased Lougheed Auctions, which has operated for over thirty years and is an icon in the Maple Ridge business community.

"This purchase adds 50 auctions per year to our calendar and this provides content and traffic to our website:," says Jeremy Dodd, president of Able Auctions. "But more importantly, we gain excellent employees. Good, experienced people in the auction industry are hard to find and even harder to train. We have five great long-time staff in Maple Ridge who will carry on with this operation."

Able Auctions looks forward to introducing its large buyer base, which should significantly increase attendance and bidding activity at the weekly Wednesday evening auctions in Maple Ridge. They look forward to working with the current consignors to Lougheed Auctions and developing even more relationships with businesses in the Pitt Meadows, Maple Ridge and Mission region.

Why expand further? Dodd says his buildings are currently bursting at the seams with product. Having a fifth venue will help Able Auctions get product sold more quickly and allow the firm further opportunities to pursue additional product, as floor space is more readily available.

In 1990 when Able Auctions was going to shut its doors, Dodd, working in the warehouse at the time, bought the business for $10,000. Twenty-seven years later, Able Auctions conducts sales every week, offering industrial equipment, office furniture and equipment, cars, trucks and trailers, plus municipal surplus and specialty bankruptcy and business closure auctions. Able Auctions has five locations:

Langley - 19757 92A Ave., Langley, BC, V1M 3B3
Surrey - 13557 77th Ave., Surrey, BC, V3W 6Y2
Abbotsford - 31236 Peardonville Rd., Abbotsford, BC, V2T 6G9
Nanaimo - 1721 Fleet Pl., Nanaimo, BC, V9S 5M2
Maple Ridge - 22720 Dewdney Trunk Rd., Maple Ridge, BC, V2X 3K2

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Contact Information:

Jeremy Dodd
Able Auctions
P: 604-313-4448

Ross Sullivan
Peak Communicators Ltd.
P: 604-689-5559
C: 604-802-7139