Tue August 30, 2016
Ritchie Buys IronPlanet, Enters Into Strategic Alliance With Cat
Ritchie Bros. Auctioneers Incorporated, and IronPlanet, have jointly announced that they have entered into an agreement under which Ritchie Bros. will acquire IronPlanet for approximately US$758.5 million, subject to customary closing adjustments....
Wed August 24, 2016
Ritchie Bros. Acquires Petrowsky Auctioneers, Retains Brand
Ritchie Bros., a global leader in asset management and disposition and the world's largest industrial auctioneer, recently acquired Petrowsky Auctioneers, significantly enhancing its market presence in the New England region....
Wed August 24, 2016
Petrowsky Holds First Sale Under Ritchie Bros. Ownership
Anticipation was in the air on Aug. 5 and 6 when Petrowsky Auctioneers held its first public auction under the ownership of Ritchie Bros. Auctioneers. Attendees had already gotten wind that something big had happened, and Sam Petrowsky started the sale by making the announcement that his company, Petrowsky Auctioneers, was now under the ownership of Ritchie Bros....
Mon August 22, 2016
Ritchie Bros. Hosts Unreserved Public Auction in Denver
More than 3,400 bidders participated online and in person at Ritchie Bros.' multi-million dollar unreserved public equipment auction in Denver, Colo., on Aug. 4, 2016. Bidders came from 44 countries, including 47 U.S....
Mon August 22, 2016
Ritchie Bros. Holds Largest-Ever Tipton, CA Auction
Traditionally an agricultural hub for Ritchie Bros., the company's Tipton, CA auction site held a largely construction and transportation focused auction last week and set a new site sales record in the process....
Wed August 10, 2016
More Than 2,150 Participate in Ritchie Bros. Auction
More than 2,150 bidders participated online and in person at Ritchie Bros.' multi-million dollar unreserved public equipment auction in Chicago, Ill., on July 28. Bidders came from 41 countries, including 47 U.S....
Tue August 09, 2016
Rob McLeod Retires From Ritchie Bros. Effective Sept. 30
Ritchie Bros. announced that Rob McLeod, chief business development officer, has made the decision to retire from the company, effective Sept. 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, McLeod is looking to begin a new phase of his career....
Tue August 09, 2016
Ritchie Bros. Hosts Successful July Sale in Manchester, N.H.
Ritchie Bros. hosted its biggest sale to date at its Manchester, N.H., site on July 26, with sales totaling more than $6.6 million. More than 1,200 bidders (449 onsite and 828 online) participated, buying 1,394 lots of equipment....
Tue August 09, 2016
Ritchie Bros. Reports Second Quarter 2016 results
Ritchie Bros. Auctioneers is reporting results for the three and six months ended June 30, 2016. During the second quarter, the Company generated $158.8 million of revenue, a 2% increase compared to revenues of $155.5 million in the second quarter last year, and net income attributable to stockholders for the second quarter of $39.7 million, a 12% decrease compared to $45.1 million in the same period last year....
Mon August 08, 2016
Sales Top $59M at Ritchie Bros. Fort Worth Auction
Ritchie Bros. conducted its seventh Texas auction of the year, selling more than 4,600 equipment items and trucks for more than $59 million over two days in Fort Worth, Texas, from July 20-21, 2016. More than 4,600 people from more than 55 countries registered to bid in the unreserved auction, including more than 3,100 online bidders....
