J.M. Wood Auction, a company in the heavy equipment auction business for more than 50 years, has officially joined Ritchie Bros., an RB Global company, following the completion of the previously announced acquisition.
Backed by the global reach, technology and resources of Ritchie Bros., J.M. Wood will maintain its Montgomery headquarters, in-person auction format and leadership team.
“This strengthens everything our family has built over the past 52 years,” Bryant Wood, president of J.M. Wood, said. “We’re keeping the people, the service and the experience our customers expect, while adding more ways to deliver value.”
“J.M. Wood has earned a reputation for performance, integrity and strong relationships,” Jim Kessler, CEO of RB Global, said. “They’ve built a business that reflects our own values – honest work, great service and long-term trust. With our combined strengths, we’re raising the standard in this region and beyond.”
“We’re excited to expand how we serve customers through this key part of our growth strategy,” Russ Wood, vice president of J.M. Wood, said. “This allows us to bring even more to the table for our sellers and buyers, while staying true to who we are and how we work.”
The company’s upcoming auctions will continue as scheduled, with added support and reach through the Ritchie Bros. network.
“This is a bold step forward, not a change in direction,” Kessler said. “With J.M. Wood’s regional expertise, sectoral strength and customer relationships, and Ritchie Bros.’ scale and technology, we’re bringing together the best of both worlds to create even more opportunities and deliver even more value for our customers.”
