Ritchie Bros. Auctioneers Related Content

Ritchie Bros. Sells $44MM of Equipment During Auction for WB Pipeline

Ritchie Bros. Auctioneers, a subsidiary of RB Global, sold nearly $44 million of equipment for WB Pipeline in an auction on Aug. 9 in Splendora, TX. The auction was part of a strategic downsizing initiative for WB Pipeline, which will continue to serve its clients.  read more

Ritchie Bros. Changes Corporate Name to RB Global

Ritchie Bros. Auctioneers changed its corporate name to RB Global, following the successful closing of its acquisition of IAA acquisition. RB Global will go to market and do business with customers under the Ritchie Bros., IAA, Rouse and SmartEquip brands. read more

Ritchie Bros. Completes Acquisition of IAA

Ritchie Bros. Auctioneers completed its acquisition of IAA. As previously announced under the terms of the amended merger agreement, IAA shareholders will receive $12.80 per share in cash and 0.5252 common shares of Ritchie Bros. for each share of IAA common stock they own. read more

Jacobs Joins Ritchie Bros. as Chief Financial Officer

Eric Jacobs will be joining Ritchie Bros. Auctioneers as its chief financial officer, effective June 6, 2022. Sharon Driscoll, the company's current chief financial officer, will remain with the company in an advisory capacity to assist with the transition.  read more

Ritchie Bros. Discontinues Euro Auctions Acquisition

Ritchie Bros. Auctioneers’ wholly-owned, indirect subsidiary, Ritchie Bros. UK Holdings, is terminating its sale and purchase agreement of Euro Auctions following the referral of the proposed acquisition to a Phase 2 review by the UK Competition and Markets Authority. read more

Bank of America Agents Ritchie Bros. $630MM Credit Facilities Extension

Ritchie Bros. Auctioneers closed an amendment and extension of its credit agreement totaling $630 million with a syndicate of lenders led by Bank of America as administrative agent. read more

Ritchie Bros. Adds Kessler as Chief Operating Officer 

Ritchie Bros. Auctioneers appointed Jim Kessler as chief operating officer. He will oversee the day-to-day operations of the company, serve as a member of Ritchie Bros. executive committee and report to CEO Ann Fandozzi. read more

Fandozzi to Become CEO of Ritchie Bros.

Ritchie Bros. Auctioneers announced that Ann Fandozzi will become chief executive officer and join the company's board of directors, effective January 6, 2020. read more

Ritchie Bros. Reports 9% Increase in Net Income in Q3/19

Ritchie Bros. Auctioneers reported $25.3 million in net income attributable to stockholders for the third quarter of 2019, an increase of 9%. read more

Ritchie Bros. Reports Q2/2019 Results, Names Interim Co-CEOs

Ritchie Bros. Auctioneers reported its results for the three months ended June 30, 2019. Net income attributable to stockholders increased 18% to $54 million year over year. read more

Saligram to Step Down as Ritchie Bros. CEO

Ravi Saligram, CEO and board member of Ritchie Bros. Auctioneers, informed the Board of Directors that he will step down from his positions effective October 1, 2019. read more

$56.3MM Operating Income for Ritchie Bros. in Q4/2018

Ritchie Bros. Auctioneers reported its fourth quarter results for 2018, which included an operating income of $56.3 million – an increase of 41% compared to $40 million in the fourth quarter of 2017 read more

Ritchie Bros. Sells $52MM in Equipment at Fort Worth Auction

Ritchie Bros. held a two-day auction at its site in Fort Worth, TX, selling more than 3,800 equipment items and trucks for more than $52 million. read more

Ritchie Bros. Sells $4.33B of Equipment in 2016

Ritchie Bros. Auctioneers sold approximately $4.33 billion of equipment through 356 unreserved auctions and its online equipment marketplace during 2016, setting a new annual record for the company. read more

Gordon, Ritchie Collaborate to Sell Hodges Trucking Equipment

Gordon Brothers said it will be selling a large package of equipment formerly owned by Hodges Trucking in conjunction with Ritchie Bros. Auctioneers this September and October. read more

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