First Capitol Auction, Inc. originated in a small warehouse in Benicia, California, in May, 1985. We selected our company’s name to acknowledge the community’s historic role in housing California’s first capitol building.
Eric Smith, the founder of First Capitol, was soon joined by partner Brian McKissack. From the beginning, Smith and McKissack based their business model upon auctioning construction equipment, vehicle and other asset seizures, for the benefit of public entities, as well as rental yards and lending institutions. Through hard work, focus, and creativity the partners soon outgrew their Benicia facility and moved to their current 10-acre site in Vallejo, California.