Ritchie Bros. is a global asset management and disposition company, offering a trading platform for used heavy equipment, trucks and other assets to its customers.
It is the world's largest auctioneer of heavy equipment and trucks with USD $4.9 billion in gross transactional value (GTV). Ritchie Bros. operates through multiple selling platforms like Ritchie Bros Auctioneers, IronPlanet, Private Treaty, and Salvage Sale. Some of the most popular items that the company deals in are construction machinery, farm equipment, agricultural tractors, and cranes.
The company has operations in more than 15 countries and has over 40 permanent auction sites in North America, Europe, the Middle East, Asia, and Australia. The company offers sector-specific solutions plus equipment financing and leasing through Ritchie Bros. Financial Services.
It also provides other services like shipping, insurance, warranties, refurbishing, free auction sales, etc. By GTV, construction equipment is the largest (accounting for 57% of 2018 GTV), followed by transportation (17%), agriculture (9%), oil & gas (2%), GovPlanet (1%) and others (13%).
Investment Data
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Ritchie Bros. is a global asset management and disposition company, offering a buying and selling platform for used heavy equipment, trucks and other assets to its customers. It is the world’s largest auctioneer of heavy equipment and trucks with USD … Read more