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Russell Wayne Kruse (December 9, 1922 – May 4, 2007) was an American auctioneer best known for building the business of auctioning classic cars through Kruse International. [ 1 ] Born in Auburn, Indiana , he took up farming after graduating from high school.
He is a past president of the Indiana Auctioneer's Association, and was elected as a member of their hall of fame, [5] along with his father Russell and brother Dennis Kruse. Dean was responsible for negotiating the purchase of his auction company in 1999 by online auctioneer eBay which paid $275 million for Kruse International and Billpoint. [6]
The company began as a local auction company selling real estate, farms and personal property run by Kruse and his sons Dean, Dennis and Daniel. The company held its first collector car auction in Auburn on Labor Day in 1971; the Labor Day auction became an annual event and grew to become the largest collector car auction in the world. [1]
He is a past president of the Indiana Auctioneer's Association, and a member of their hall of fame. [6] Kruse was president of the National Auctioneers Association from 2005 to 2006, and was instrumental in advocating for industry research for the auction profession. [7] In 2013, Kruse was inducted into the National Auctioneers Association Hall ...
In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. [4] In 2012, the company acquired Three Rivers Operating Company for $1 billion. [5] [6] In October 2016, the company acquired assets in the Midland Basin from Reliance Energy for $1.625 billion. [7]
The Midland Electric Light and Power Company Limited was registered on 12 December 1881 to take over a concession for an electric lighting installation in Leamington Spa and Birmingham. [ 1 ] The capacity of the generating plant in 1898 was 290 kW, with a maximum load of 127 kW on a low tension continuous current (DC) system.
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As a result of the continued acquisition of oilwell service companies, the Yankee Companies changed its name to Key Energy in the 1990s. Key Energy has grown through over 100 2 acquisitions. Key Energy Services, Inc. became a non-public (private) company on December 14, 2020 (Form 15, U.S. Securities and Exchange Commission).