Ritchie Shareholders Approve $6 Billion IAA Takeover
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.
Ritchie CEO Promotes Merits of IAA Deal Ahead of Vote Showdown
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.
Major Shareholder Backs Ritchie’s $6 Billion IAA Deal
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.
Ritchie Bros. Names Eric Jacobs Chief Financial Officer
Ritchie Bros. Auctioneers Inc. appointed Eric Jacobs chief financial officer, effective June 6.
June 6, 2022Ritchie 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, 2021Ritchie Bros. Taps Kari Taylor for Revenue Post
Ritchie Bros. announced Kari Taylor, president of North America sales, has been appointed to the newly created position of chief revenue officer.
February 9, 2021Ritchie Bros. Offers PriorityBid
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, 2019Ritchie Bros. Orlando Auction Offers Used Trucks to Global Buyers
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.
Ritchie Bros. Acquires Petrowsky Auctioneers
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