Asset disposal and auction firm BPI has announced that Richard Martin, former head of Synetiq Auctions and Motorhog, has joined as a shareholder and board member.
Martin was a pioneer in the development of one of the UK’s first salvage auction platforms, managing the sale of over 150,000 vehicles annually for his own business and other independent operators, whilst working with leading insurance companies and police authorities.
The new collaboration marks a significant milestone in BPI’s growth strategy and will leverage complementary strengths, helping BPI to rapidly expand its market reach across its Asset Disposal Solutions, Auctions and Asset Advisory divisions.
Martin’s three-year non-compete agreement has now expired, allowing him to return to the auction world.
Martin said: “With the restrictions lifted, I’m ready to re-enter the auction world and one of the first steps I took was to invest in BPI. It is a company that has really impressed me over the last few years and I am incredibly positive about what we can achieve going forward.”
David Boulton, managing director of BPI, commented: “We’re incredibly excited to welcome Richard to the BPI board. Having been a market disruptor in salvage auctions for years, he initially experienced BPI as a customer and quickly saw the value we deliver. This partnership marks a huge step forward in BPI’s growth plans, and we’re all looking forward to what the future holds!”
