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...
Sarah Raiss joins Ritchie Bros.' Board of Directors
June 30, 2016
Ritchie Bros., the world's largest industrial auctioneer (NYSE & TSX: RBA), is pleased to announce that Sarah Raiss has been appointed as a director on its Board of Directors, effective July 1 , 2016. Commenting on Ms. Raiss' appointment, Bev Briscoe, Chair of Ritchie Bros.' board said: "We are very pleased to welcome Sarah as a director. Her governance expertise, global company experience and strong HR and IT leadership adds important breadth and valued perspective to our board, as does her deep understanding of many sectors Ritchie Bros. caters to." Sarah is a seasoned corporate director, with board experience at many public companies. Sarah is currently a corporate director at Loblaw Companies (a leading Canadian grocery and pharmacy company), Commercial Metals Company (a steel and metal manufacturer), and Vermilion Energy (an international oil and gas producer). At Loblaw Companies, Sarah is a member of the board's Governance and Human Resources...