Ritchie Bros Auctioneers Inc
TSX:RBA

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Ritchie Bros Auctioneers Inc
TSX:RBA
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Price: 130.61 CAD 0.6% Market Closed
Market Cap: 24.1B CAD
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Ritchie Bros Auctioneers Inc
Investor Relations

In the competitive realm of industrial auctions, Ritchie Bros Auctioneers Inc. has carved out a unique niche, transforming the way heavy equipment and trucks are bought and sold. Founded in Kelowna, British Columbia in 1958, the company initially began as a small-scale auctioneering partnership. Over the decades, it evolved into a global leader in asset management and disposition, renowned for its unreserved public auctions where every item is sold to the highest bidder without minimum price restrictions. This unreserved nature works as a key catalyst, generating excitement and encouraging competitive bidding among buyers from a diverse array of industries, including construction, agriculture, and transportation. Online and onsite auction platforms further amplify their reach and accessibility, offering real-time access to goods for bidders worldwide.

Ritchie Bros generates most of its revenue from commissions and fees earned on successful auctions. Whether it's a large-scale industrial auction at one of their international facilities or a specialized online event, the company provides a full suite of services to sellers, including appraisals, inventory management, transportation, and refurbishing, effectively positioning itself as a comprehensive solution provider. Their diversification into digital marketplaces, such as the acquisition of IronPlanet, has provided an added dimension to their business model, allowing Ritchie Bros to leverage technology to enhance efficiency and scale operations. Through these multifaceted approaches, the company ensures robust market engagement, facilitating billions of dollars in transaction volumes annually and cementing its reputation as a trusted partner for companies looking to manage their assets effectively.

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Management

Mr. James F. Kessler
CEO & Director
No Bio Available
Ms. Megan Cash
SVP of Corporate Finance
No Bio Available
Mr. Darren J. Watt
Chief Legal Officer
No Bio Available
Mr. James J. Jeter
Chief Revenue Officer
No Bio Available
Ms. Carmen D. Thiede
Chief Transformation Officer
No Bio Available
Mr. David E. Ritchie
Founder and Chairman Emeritus
No Bio Available
Mr. Eric J. Guerin
Chief Financial Officer
No Bio Available
Mr. Steve Lewis
Chief Operating Officer
No Bio Available
Ms. Nancy King
Chief Technology Officer
No Bio Available
Mr. Sameer Rathod
Vice President of Investor Relations & Market Intelligence
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Burnaby
9500 Glenlyon Parkway
Contacts
+17783315500.0
www.rbauction.com