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Ritchie Bros.
Business, Equipment

Ritchie Shareholders Approve $6 Billion IAA Takeover

Customers inspect heavy digging machinery at a 2012 Ritchie Bros. auction

Shareholders of heavy equipment auctioneer Ritchie Bros. approved the company’s plan to acquire vehicle-seller IAA Inc., ending a battle to block the $6 billion deal.

Yiqin Shen and Derek Decloet | Bloomberg News
March 14, 2023
Business, Equipment

Ritchie CEO Promotes Merits of IAA Deal Ahead of Vote Showdown

Customers at a Ritchie Bros. auction for heavy construction equipment

Ritchie Bros. Auctioneers Inc. has the potential to double its share price if it takes over IAA Inc., its CEO said as she launches a final push to fend off opposition from some shareholders to the deal.

Derek Decloet | Bloomberg News
February 13, 2023
Business, Equipment

Major Shareholder Backs Ritchie’s $6 Billion IAA Deal

Giant hauler trucks for sale at a 2012 Ritchie Bros. auction

A large investor in Ritchie Bros. Auctioneers Inc. is backing the Canadian auction company’s proposed takeover of IAA Inc., giving a boost to a deal that has been opposed by other shareholders.

Derek Decloet | Bloomberg News
January 30, 2023
Business, Equipment

Ritchie Bros. Names Eric Jacobs Chief Financial Officer

Image

Ritchie Bros. Auctioneers Inc. appointed Eric Jacobs chief financial officer, effective June 6.

June 6, 2022
Business, Technology, Equipment

Ritchie Bros. COO Jim Kessler Adds Role of President

Ritchie Bros. announced that Jim Kessler, its chief operating officer, will take on the additional role of president.

October 1, 2021
Business

Ritchie Bros. Taps Kari Taylor for Revenue Post

Image

Ritchie Bros. announced Kari Taylor, president of North America sales, has been appointed to the newly created position of chief revenue officer.

February 9, 2021
Business, Technology, Equipment

Ritchie Bros. Offers PriorityBid

Image

Auctioneer Ritchie Bros. announced PriorityBid, a feature that enables buyers to make proxy bids online for items in its live auctions up to a week before the sale.

September 20, 2019
Business, Equipment

Ritchie Bros. Orlando Auction Offers Used Trucks to Global Buyers

Image

ORLANDO, Fla.— Industrial auctioneer Ritchie Bros. jammed row after row of used equipment in all shapes and sizes riding on tires or treads onto a 232-acre site here to launch its annual premier auction in February, the first since acquiring rival IronPlanet.

Roger Gilroy | Senior Reporter
February 22, 2018
Business

Ritchie Bros. Acquires Petrowsky Auctioneers

Image

Industrial auctioneer Ritchie Bros. announced that it has acquired Petrowsky Auctioneers for $7 million to enhance its market presence in New England.

August 3, 2016
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