J.M. Wood Auction Co. has been in the equipment-auction business since 1973, specializing in construction, forestry and county surplus auctions in the U.S. Southeast. Based in Montgomery, Ala., J.M. Wood recently expanded its operations to Columbia,S.C. to better serve its customers up and down the East Coast. Company services include straight commissions, financial guarantees, outright equipment purchases, and both on-site and Internet auctions.