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News Stories (80 Results) - Ritche Bros.

Nations Capital (NCI), a Gordon Brothers company and an asset management and advisory firm focused on opportunistic investments and asset remarketing, together with Ritchie Bros. Auctioneers (Ritchie Bros.) have received bankruptcy court approval to... Read Story
November 03, 2023, 07:15 AM

With its October Market Trends Report, Ritchie Bros. takes a closer look at sales of key aerial equipment categories in North America, specifically boom lifts, scissor lifts and telehandlers.Traditionally the company sells more boom and scissor lifts... Read Story
October 20, 2022, 07:15 AM

Ritchie Bros. conducted its largest Canadian equipment auction of the year, selling 11,000+ equipment items and trucks for 1,600+ consignors in Edmonton, AB, and generating over $158 million in gross transaction value."There was a lot of excitement... Read Story
May 09, 2022, 07:12 AM

Truck tractor prices up 58% YOY in the U.S. according to Ritchie Bros. April Market Trends Report With its April Market Trends Report, Ritchie Bros. continues to show year-over-year price inflation for all major equipment categories. This month's... Read Story
April 22, 2022, 07:27 AM

Ritchie Bros. sold more than 2,800 items for over $29 million in its largest-ever automated online Timed Auction event in Sacramento, CA. With the Timed Auction format, buyers place a maximum bid online and the system bids for them up to that amount... Read Story
April 07, 2022, 07:00 AM

A week after selling more than 11,000 items in Orlando, FL, Ritchie Bros. was back at it with multi-day online auctions in Edmonton, AB, and the Rocky Mountain region of the U.S. The two unreserved auctions attracted a combined over 26,250 bidder... Read Story
March 08, 2022, 07:00 AM

Ritchie Bros. continued its auction season kick off in a big way, selling more than 7,400 items through two events – a $59 million record-breaking Phoenix, AZ, auction and a $55 million Houston, TX, auction. All assets were sold 100 percent... Read Story
February 23, 2022, 07:16 AM

Ritchie Bros. was back in Houston, TX, to sell over 4,650 equipment items and trucks for 675 consignors, generating more than $55 million in gross transaction value.The auction attracted 13,200+ bidders from 57 countries. Approximately 88 percent of... Read Story
November 16, 2021, 07:15 AM

Ritchie Bros. Auctioneers Incorporated announced that Sharon Driscoll, Chief Financial Officer of Ritchie Bros., has advised the Company that she intends to retire within two years. As part of an effective succession process, Driscoll will continue... Read Story
October 07, 2021, 07:15 AM

Ritchie Bros.' latest Great Lakes Regional Event featured over 3,600 equipment items and trucks stored in three locations: Columbus, OH; Chicago, IL; and a new local yard in Detroit, MI. The two-day online auction attracted more than 10,000 bidders... Read Story
October 04, 2021, 07:08 AM

Ritchie Bros. Auctioneers and SmartEquip announced they have entered into a definitive agreement under which Ritchie Bros. will acquire SmartEquip for approximately $175 million. Completion of the acquisition is subject to customary closing... Read Story
September 27, 2021, 07:16 AM

Ritchie Bros.’ latest Texas auction attracted more than 12,600 online bidders from 64 countries to compete for over 4,300 items consigned by over 600 sellers. As a result of this unprecedented demand, Ritchie Bros.' Fort Worth auction generated more... Read Story
September 27, 2021, 06:00 AM

Ritchie Bros. Auctioneers announced the closing of an amendment and extension of its credit agreement totaling US$1.045 billion with a syndicate of lenders comprising:     Multicurrency revolving facilities of up to US$750 Million     A... Read Story
September 22, 2021, 07:00 AM

Ritchie Bros.' Texas team has had a busy summer, with a more than $50 million auction in Fort Worth in July, an over $99 million retirement sale for Barrilleaux Inc. in early August, and $48 million auction in Houston.The company's latest Houston... Read Story
August 30, 2021, 07:17 AM

Ritchie Bros and Europe’s leading plant and machinery auction house, Euro Auctions, have jointly announced that they have entered into an agreement under which Ritchie Bros. will acquire Euro Auctions group for an enterprise value of approximately $1... Read Story
August 09, 2021, 07:22 AM

Ritchie Bros. June Houston, TX, auction saw a 30 percent increase in both gross transaction value and bidder registrations year over year. The two-day unreserved auction attracted 12,000 bidders and generated more than $56 million in GTV. "Our... Read Story
June 21, 2021, 07:05 AM

Ritchie Bros.’ regional auctions keep rolling, with more than 800 companies selling in the May Rocky Mountain event. More than 4,850 equipment items and trucks were sold in the auction for more than $54 million, matching the record-breaking $54... Read Story
June 03, 2021, 07:05 AM

Every spring, Ritchie Bros. holds dozens of farm retirement dispersals across Western Canada. Traditionally the company would drive from farm to farm as a travelling auction company, but in spring 2021 all bidding is conducted online via Timed... Read Story
May 07, 2021, 06:59 AM

Gordon Brothers and Ritchie Bros. have created a formal joint venture, the Gordon Brothers & Ritchie Bros. Alliance. The Alliance provides end-to-end asset advisory and asset remarketing services to the insolvency and restructuring market in... Read Story
April 23, 2021, 06:59 AM

For decades, both Ritchie Bros. and Rouse Services have been serving the equipment and truck industries with their respective appraisal businesses. With Ritchie Bros.’ acquisition of Rouse last year, the company has now combined these two appraisal... Read Story
April 14, 2021, 07:20 AM

Travelers Capital, a transitional capital financing initiative from Travelers Financial Group designed to support small and mid-market businesses that operate in asset-intensive industries, announced its alliance with Ritchie Bros., a global provider... Read Story
April 14, 2021, 07:07 AM

Ritchie Bros. inspects tens of thousands of equipment items each month, in preparation for sale in one of its numerous sales solutions, including live/online auctions with Ritchie Bros. Auctioneers, weekly online marketplaces at IronPlanet, and a... Read Story
April 08, 2021, 07:15 AM

Ritchie Bros.’ regional auction success continued with a more than $52 million Midwest event. More than 5,000 equipment items were stored, inspected and sold from six Ritchie Bros. locations in five states—including Chicago, IL; Minneapolis, MN;... Read Story
April 05, 2021, 07:02 AM

Since moving its auctions to 100 percent online bidding, Ritchie Bros. has taken advantage of the digital world by bringing smaller auctions together to create bigger online events. With the company's Northeast Regional Event, Ritchie Bros. sold more... Read Story
March 29, 2021, 07:05 AM

Ritchie Bros.' GovPlanet marketplace has been helping the U.S. Department of Defense's (DoD) Defense Logistics Agency (DLA) sell thousands of its surplus rolling stock assets for the past seven years. Three years ago, Ritchie Bros. extended its... Read Story
March 12, 2021, 07:03 AM

Ritchie Bros. has come out strong in 2021, driving record demand and achieving strong equipment and truck prices for sellers. The company attracted close to 12,000 bidders for its Rocky Mountain Regional Auction, selling more than 4,150 items for... Read Story
March 09, 2021, 07:05 AM

Ritchie Bros. drove strong results for consignors with its first big Canadian auction of the year, selling more than 5,100 equipment items and trucks in Edmonton, AB, for $42 million. The three-day, online auction attracted more than 17,000 bidders... Read Story
March 03, 2021, 07:00 AM

Ritchie Bros.' February Florida auction is a destination event for equipment buyers and sellers, attracting thousands of people from around the world to the Sunshine State. This year, with COVID-safety its focus and a wealth of technology in its... Read Story
February 23, 2021, 07:10 AM

Ritchie Bros.’ 100 percent online auctions continue to drive strong results for consignors in 2021. The company sold more than 4,600 items located at its Houston, TX, auction site to online buyers around the world for more than $47 million. The... Read Story
February 11, 2021, 07:00 AM

Ritchie Bros. has been conducting massive auctions in Orlando, FL, for decades, attracting travelers from around the world every February—this year will be different. Due to COVID-19, to ensure the safety of its customers and employees, Ritchie Bros.... Read Story
February 10, 2021, 07:00 AM

Ritchie Bros. announced that Karl Werner, President, International will transition out of the company to pursue personal interests, effective March 31. As a result of Werner's departure, Kari Taylor, President, North America Sales, will take on the... Read Story
February 09, 2021, 07:18 AM

Ritchie Bros. has spent the last couple of years developing an innovative, cloud-based Inventory Management System (IMS) designed to bring asset management and disposition into a new age. With Ritchie Bros. Asset Solutions' free version of the... Read Story
February 01, 2021, 07:10 AM

Ritchie Bros. sold close to 20,000 items through 11 auctions, including a $40 million Great Lakes Regional auction and a $41 million Northeast Regional event. All assets were sold 100 percent online due to COVID-19.Ritchie Bros. combined more than... Read Story
December 24, 2020, 07:11 AM

Ritchie Bros. announced it has completed its acquisition of Rouse Services, a provider of data intelligence and performance benchmarking solutions. By working together, Ritchie Bros. and Rouse will enhance the data analytics and service offerings... Read Story
December 09, 2020, 07:15 AM

Ritchie Bros. conducted its largest Grande Prairie, AB, auction ever, selling more than 4,900 equipment items for over $63 million—surpassing the previous gross transaction value (GTV) record by 32 percent.A record 12,350 online bidders from 53... Read Story
December 02, 2020, 07:05 AM

Just seven weeks after selling more than 10,000 items, Ritchie Bros.' Edmonton team was back at it last week, selling another 9,200 items for $83 million over four days.The Edmonton auction attracted 18,945 bidders from 58 countries, which is up 49... Read Story
November 02, 2020, 07:00 AM

Ritchie Bros. put on another big auction in Fort Worth, TX, this week, selling more than 5,200 equipment items and trucks over two days for more than $68 million.More than 11,300 bidders from 72 countries registered for the auction, which was... Read Story
October 02, 2020, 07:00 AM

With its fourth auction of the year, Ritchie Bros.’ Edmonton, AB, site sold close to 10,000 equipment items and trucks for more than $69 million over four days.The auction attracted more than 16,000 bidders from 49 countries, which is up 11 percent... Read Story
September 15, 2020, 07:00 AM

In Houston, TX, Ritchie Bros. sold more than 5,300 equipment items and trucks for over $57 million, setting new site records for total gross transactional value for an August auction and total number of registered bidders.The Houston auction, which... Read Story
August 28, 2020, 07:12 AM

In the first half of 2020, Ritchie Bros. attracted 73 million visits to its various web platforms, so it should come as no surprise that the company has sold more than $1 billion of equipment through its online marketplaces over the past year (August... Read Story
August 13, 2020, 07:05 AM

Ritchie Bros. Auctioneers announced the appointment of Kevin Geisner as Chief Strategy Officer. In this new role, Geisner will have responsibility for driving the company's overall corporate strategy as well as execution of corporate development... Read Story
August 11, 2020, 07:22 AM

Bidder registrations at Ritchie Bros. auctions continue to surge, with more than 10,800 people from 60 countries registering to bid for its big summer Fort Worth, TX, auction. More than 4,400 equipment items and trucks were sold for more than $58... Read Story
August 03, 2020, 07:10 AM

Ritchie Bros. conducted its first online-only auction in Mexico, at its site in Polotitlán. Traditionally the site sees more than 80 percent of its bidders participating in person, so this was a big challenge for the company—and it succeeded. The... Read Story
July 09, 2020, 07:00 AM

The online strength and global network of Ritchie Bros. was on full display last week as the company set a new record, selling more than 35,000 equipment items and trucks in 29 online auctions across five countries in just five days—making it the... Read Story
June 29, 2020, 07:10 AM

This week, Ritchie Bros. will have its biggest week ever, selling more than 35,000 equipment items in 29 auctions across the United States, Canada, France, Germany and Australia. In just five days (June 22 – 26) the company will sell 3,800+ truck... Read Story
June 22, 2020, 07:10 AM

Ritchie Bros. sold a staggering more than 10,700 equipment items for $131 million in its first-ever online-only auction in Edmonton, AB. The company, which has been conducting auctions in Alberta for close to six decades, has temporarily converted to... Read Story
May 18, 2020, 07:12 AM

Ritchie Bros. Auctioneers announced the appointment of Jim Kessler as Chief Operating Officer. In his new role, Kessler will oversee the day-to-day operations of the company as well as work in close collaboration with the leadership team and leverage... Read Story
May 05, 2020, 07:15 AM

Ritchie Bros. Auctioneers announced the appointment of Baron Concors as Chief Information Officer (CIO). Concors will lead a strategic, enterprise organization to deliver added value for customers, team members and shareholders through innovative use... Read Story
April 29, 2020, 07:15 AM

It's amazing what can happen when companies come together to raise money for a great cause. To celebrate 10 years of Discovery's Gold Rush television show, Volvo designed a special edition EC200E excavator, which was sold at Ritchie Bros.' premier... Read Story
February 28, 2020, 07:00 AM

Sunbelt Rentals has an extensive equipment fleet that exceeds $10 billion across its more than 900 rental locations. Managing and disposing assets from a fleet of this size is not easy, so Sunbelt turned to Ritchie Bros. and its RB Asset Solutions... Read Story
February 26, 2020, 07:05 AM

Ritchie Bros. held its premiere global auction in Orlando, FL, selling more than 13,500 equipment items and trucks for $237+ million. The six-day sale set a new company record for attendees, registering a staggering 18,100 people from 85... Read Story
February 24, 2020, 07:19 AM

Ritchie Bros. has started the year strong in Texas, selling more than 5,850 equipment items for more than $61 million in Houston—up approximately 35 percent from the same auction in 2019.More than 8,850 people from 71 countries registered to bid in... Read Story
February 13, 2020, 07:10 AM

Royal Reesink, a Dutch international distributor of machinery and components for agriculture, landscape maintenance, logistic warehousing, and the construction equipment industry, has selected Ritchie Bros. Asset Solutions and its suite of... Read Story
February 04, 2020, 07:00 AM

Ritchie Bros. is consolidating its two, industry-leading inspection service organizations — IronPlanet and Asset Appraisal Services— to formally launch Ritchie Bros. Inspection Services, available to customers as part of its Ritchie Bros. Asset... Read Story
December 18, 2019, 07:00 AM

Ritchie Bros. Auctioneers announced Ann Fandozzi will become Chief Executive Officer and join the company's Board of Directors, effective Jan. 6.Most recently, Fandozzi was CEO of ABRA Auto Body & Glass, a leading national damaged vehicle repair... Read Story
December 17, 2019, 07:25 AM

In its first ever, five-day auction in September, Ritchie Bros. sold a staggering 10,700 equipment items for more than $76 million at its site in Edmonton, AB.More than 14,350 people from 49 countries registered to bid in the event, including 11,600+... Read Story
September 16, 2019, 07:15 AM

Ritchie Bros. sold more than 5,300 equipment items for over $45 million at its latest Houston, TX, auction.More than 7,250 people registered to bid in the two-day auction, including 5,850 registering to participate online. U.S. buyers purchased... Read Story
August 23, 2019, 06:00 AM

Ritchie Bros. announced that Sharon Driscoll, Chief Financial Officer, and Karl Werner, President, International, have been named interim Co-Chief Executive Officers, in addition to their current roles effective Oct. 1, concurrent with the date of... Read Story
August 09, 2019, 07:30 AM

Nautilus, Inc. announced its board of directors has named James “Jim” Barr IV as Chief Executive Officer. He will assume day-to-day leadership of the company on July 29 and will also join Nautilus, Inc.’s board. Barr, a digital/e-commerce veteran... Read Story
July 10, 2019, 07:12 AM

Ritchie Bros. Auctioneers announced Ravi Saligram, Chief Executive Officer and board member, has informed the Board of Directors he will step down from his positions effective Oct. 1, 2019.The board will conduct a thorough, thoughtful search for a... Read Story
June 25, 2019, 07:11 AM

Ritchie Bros. conducted its third Edmonton, AB, auction of the year, selling more than 7,400 equipment items and trucks for $54 million.More than 10,100 people from 49 countries registered to bid in the June 20–22, event, including 8,300 online... Read Story
June 24, 2019, 07:17 AM

Ritchie Bros.' cloud-based SaaS solution RB Asset Solutions, brings together a suite of tools and services to help customers better manage, analyze and sell their assets. Komatsu Europe is the latest OEM dealer network to sign up for the service... Read Story
May 29, 2019, 07:10 AM

Ritchie Bros. announced it has received bankruptcy court approval to purchase the assets of Welded Construction, L.P. together with Gordon Brothers, the global advisory, restructuring and investment firm. The two companies will work together to sell... Read Story
April 29, 2019, 07:10 AM

Ritchie Bros. announced an organizational realignment in North America. The effort, which includes some leadership team moves, aims to: Prioritize senior management focus on penetrating the Upstream segment of the used equipment disposition market... Read Story
April 16, 2019, 07:29 AM

A sea of equipment stretched over the 220-acre Ritchie Bros. auction site in Orlando, FL last week as the company hosted its largest auction ever. Over six days the company sold a staggering 13,350+ assets for a record US$297+ million—up seven... Read Story
February 25, 2019, 07:10 AM

Ritchie Bros. ended its 2018 Houston auction season with a strong event this week, selling more than $50 million of equipment and setting multiple site records.Approximately 5,600 people from 58 countries registered to bid in the Nov. 6 – 7, 2018... Read Story
November 08, 2018, 07:07 AM

With its fifth Edmonton, Alberta, auction of 2018, Ritchie Bros. sold more than 7,800 equipment items for $89 million.The four-day auction attracted more than 10,100 bidders from 46 countries, including 7,950 people who registered to bid online.... Read Story
October 30, 2018, 07:01 AM

Ritchie Bros.' latest solution for the market, RB Asset Solutions is a complete end-to-end asset management and disposition system. The new cloud-based SaaS solution brings together a suite of tools and services to help customers better manage... Read Story
October 02, 2018, 07:23 AM

For the past four years, the GovPlanet marketplace has helped the U.S. Department of Defense sell thousands of its rolling stock surplus assets, including Humvees, utility trailers, cargo trucks and more. In 2018, the DoD also began selling its... Read Story
September 10, 2018, 07:05 AM

Ritchie Bros. sold more than $44 million of equipment and trucks over two days at its latest Houston unreserved auction.More than 5,100 people from 58 countries registered to bid in the Aug. 21-22 auction, including 3,600+ people registering to bid... Read Story
August 24, 2018, 07:10 AM

On Sept. 5, GovPlanet will host its first live auction, for the Pennsylvania Department of General Services, selling more than 350 equipment items and trucks without reserves in a single day. Highlights include excavators, dump trucks, paving rollers... Read Story
August 23, 2018, 06:50 AM

Ritchie Bros. Auctioneers held its third Houston auction of 2018, selling more than 4,300 equipment items and trucks over two days for some $44 million. More than 4,150 people from 55 countries registered to bid in the auction (June 19–20)... Read Story
June 22, 2018, 07:10 AM

After a soft launch in late 2017, Marketplace-E is being introduced by Ritchie Bros. as its latest buying and selling solution. Complementing the company's onsite unreserved auctions and online-only auctions through IronPlanet, Marketplace-E offers... Read Story
March 29, 2018, 07:25 AM

Ritchie Bros. sold more than 6,800 equipment items and trucks for US$73+ million in its October auction in Edmonton last week.. The four-day event held October 24 – 27, 2017, attracted more than 9,850 bidders from 47 countries, including 7,300+... Read Story
October 30, 2017, 07:00 AM

Ritchie Bros., the world's largest heavy equipment auctioneer and provider of end-to-end services announced the receipt of unconditional antitrust clearance from the U.S. Department of Justice for the proposed acquisition of IronPlanet®, a leading... Read Story
May 19, 2017, 07:00 AM

Ritchie Bros.' first Canadian auction of the year in Edmonton, AB, a three-day unreserved public auction (February 24 – 26), attracted 13,100+ bidders from 47 countries—50 percent more than the same auction last year. Ritchie Bros. sold more than... Read Story
February 29, 2016, 07:15 AM

Gordon Brothers Group will be selling a large package of equipment, formerly owned by Hodges Trucking Company L.L.C., in conjunction with Ritchie Bros. Auctioneer this September and October. On June 18, 2015, Gordon Brothers Group announced that it... Read Story
August 17, 2015, 07:10 AM

Ritchie Bros. sold 4,600+ equipment items and trucks for CA$84+ million (US$67+ million) at an unreserved public auction in Edmonton, AB this week, making it the Company's largest Canadian auction ever held in February. The two-day auction, held... Read Story
February 27, 2015, 06:59 AM

Ritchie Bros. Auctioneers conducted its largest agriculture auction of 2014 yesterday in Saskatoon, SK (December 2), selling more than CA$41 million (US$36+ million) of equipment and trucks in a single day. The unreserved public auction also set new... Read Story
December 03, 2014, 07:00 AM

Ritchie Bros. Auctioneers sold more than US$98+ million of heavy equipment and trucks in Edmonton, Alberta on October 28 – 30, 2014. The unreserved public auction set new records for most items ever sold in a Canadian auction (close to 6,700) and... Read Story
October 31, 2014, 06:41 AM