Ritchie Bros. announces retirement of Rob McLeod
July 28, 2016
Ritchie Bros., the world's largest industrial auctioneer (NYSE & TSX: RBA), announces that Rob McLeod , Chief Business Development Officer, has made the decision to retire from the Company, effective September 30 , 2016. After 23 years with Ritchie Bros., in numerous geographies and roles, most recently as Chief Business Development Officer and prior to that Chief Financial Officer, Rob is looking to begin a new phase of his career. He will continue his board involvement with not-for-profit organizations, while seeking opportunities to share his global experience sitting on public and private company boards. He is also planning to launch a consulting practice, of which Ritchie Bros. will be one of his first engagements. "Rob has been an excellent business partner and a very smart and capable executive, who is highly regarded in the company as a true team player. He has made significant contributions to Ritchie Bros. throughout his career. We wish him the very...
US$59+ million of equipment sold at Fort Worth, TX auction
July 22, 2016
This week Ritchie Bros . conducted its seventh Texas auction of the year, selling more than 4,600 equipment items and trucks for US$59+ million over two days in Fort Worth ( July 20-21 , 2016). More than 4,600 people from 55+ countries registered to bid in the unreserved auction, including 3,100+ online bidders. Out-of-state buyers from as far away as Canada, Thailand and Poland purchased 56 percent of the equipment. Online buyers purchased 57 percent (US$33+ million) of the equipment. "We had great attendance for both days of the auction," said Bill Hogan , Regional Sales Manager, Ritchie Bros . "The auction featured an excellent mix of equipment from all sectors. We achieved solid pricing throughout, seeing particularly strong pricing for drills, scrapers, wheel loaders, and backhoes." Ritchie Bros. sold equipment for 580 owners. Highlights included 360+ truck tractors, 455 trailers, 105 excavators, 90+ skid steers, 70+ loader backhoes, 40+ dozers, 70+ flatbed trucks, 45+ dump...
Ritchie Bros. announces completion of acquisition and strategic investment
July 12, 2016
Acquisition of remaining 49% equity stake of Ritchie Bros. Financial Services completed; secures full control of this profitable, growing and scalable business Minority Investment made in Machinio Corp. – a global aggregator of used equipment listings catering to all equipment sellers and buyers Ritchie Bros., the world's largest industrial auctioneer and a leading equipment distributor (NYSE & TSX: RBA) is pleased to announce that it has completed its acquisition of the outstanding minority interest of Ritchie Bros. Financial Services, and has made a strategic investment in Machinio Corp. – a global search engine for finding, buying and selling equipment. These corporate development initiatives are expected to help position Ritchie Bros. for future growth and further extend our involvement in the digital innovation of the equipment industry. "Ritchie Bros. Financial Services is an important component of our full-service offering, catering to the financing needs of equipment...