Ritchie Bros.’ February Premier Global Auction Event in Orlando to Feature 16,000+ Heavy Equipment Assets and Vehicles
ORLANDO, Fla. & WESTCHESTER, Ill.–(BUSINESS WIRE)–
RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that Ritchie Bros. Auctioneers’ Feb. 17-21 premier global auction event in Orlando will feature 16,000+ items listed online, with inventory continuing to be added daily. Bidders can browse listings online with high-resolution photos and videos, or attend preview days onsite starting today, Feb. 13. Priority bidding and Timed Auction Lot bidding opened Feb. 8.
Equipment highlights in the Orlando auction include 2,000+ construction equipment lots, 1,100+ transport trucks, 70+ units of aggregate equipment, 400+ lifting and material handling assets, and so much more. Bids in the auction can be made in-person, online in real time at rbauction.com, or via Ritchie Bros.’ mobile app.
Customers who attend the auction in person are encouraged to connect with the Ritchie Bros. team onsite to learn more about the complete offering of services and solutions, including:
- Creating an online profile at rbauction.com to explore listings
- Discussing financing options with a member of the Ritchie Bros. Financial Services team
- Coordinating with VeriTread and uShip on transportation of purchased assets
- Browsing the latest assets in Marketplace-E Buy Now and Make Offer platform
- Previewing the upcoming improvements to the auction platform with the Ritchie Bros. product team
- Getting to know Boom & Bucket®, our newest online marketplace offering a vast selection of ready-to-work equipment – backed by Powerhouse Protection®, extended warranties, flexible financing options and nationwide shipping
“We’re looking forward to welcoming customers once again to our highly anticipated, premier global auction event in Orlando. With 200 acres quickly filling up with heavy industrial equipment and transportation assets ready to be purchased and taken home by new owners, plus online inventory listed through our Virtual Sales Option featuring IronClad Assurance, this year’s auction event offers an unmatched selection for buyers worldwide,” said Jeff Jeter, Chief Revenue Officer for RB Global. “At Ritchie Bros., we want our buyers to have all the information they need to bid with confidence. Check out the equipment online or visit our Orlando site in person to inspect and test equipment.”
For more information about the February 2025 Orlando auction, including details about how to consign today or how to view and register to bid on the largest selection of available inventory in one place, visit rbauction.com/Orlando25.
About RB Global
RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 14 countries and digital platform, RB Global serves customers in more than 170 countries across a variety of asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining and agriculture. The company’s marketplace brands include Ritchie Bros., the world’s largest auctioneer of commercial assets and vehicles offering online bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers. RB Global’s portfolio of brands also includes Rouse Services, which provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers’ management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; and VeriTread, an online marketplace for heavy haul transport.
Forward-Looking Statements
Certain statements contained in this release contain include forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements may include statements relating to future events and anticipated results of operations, business strategies, the expected timing and associated benefits with respect to the planned February 2025 Orlando Auction Event and other subjects of this release on our business and plans regarding our growth strategies, and to our customers and company generally, and other aspects of RBA’s or IAA’s respective businesses, operations, financial condition or operating results and other statements that are not historical facts. Words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” “could,” “can,” “intends,” “target,” “goal,” “projects,” “contemplates,” “believes,” “predicts,” “potential,” “continue,” “foresees,” “forecasts,” “estimates,” “opportunity” and similar expressions identify forward- looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of RBA’s common shares. Therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. While RBA’s management believe the assumptions underlying the forward-looking statements are reasonable, these forward-looking statements involve certain risks and uncertainties, many of which are beyond RBA’s control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the effects of the business combination of RBA and IAA, including the combined company’s future financial condition, results of operations, strategy and plans; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the merger; the diversion of management time on transaction-related issues; the response of competitors to the merger; the ultimate difficulty, timing, cost and results of integrating the operations of RBA and IAA; the fact that operating costs and business disruption may be greater than expected following the consummation of the merger; the effect of the consummation of the merger on the trading price of RBA’s common shares; the ability of RBA to retain and hire key personnel and employees; the significant costs associated with the merger; the outcome of any legal proceedings that could be instituted against RBA; the ability of the combined company to realize anticipated synergies in the amount, manner or timeframe expected or at all; the failure of the combined company to realize potential revenue, EBITDA, growth, operational enhancement, expansion or other value creation opportunities from the sources or in the amount, manner or timeframe expected or at all; the failure of the trading multiple of the combined company to normalize or re-rate and other fluctuations in such trading multiple; changes in capital markets and the ability of the combined company to generate cash flow and/or finance operations in the manner expected or to de-lever in the timeframe expected; the failure of RBA or the combined company to meet financial forecasts and/or KPI targets; legislative, regulatory and economic developments affecting the business of RBA; general economic and market developments and conditions; the evolving legal, regulatory and tax regimes under which RBA operates; unpredictability and severity of catastrophic events, including, but not limited to, pandemics, acts of terrorism or outbreak of war or hostilities, as well as RBA’s response to any of the aforementioned factors. Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in RBA’s periodic reports and other filings with the Securities and Exchange Commission (“SEC”) and/or applicable Canadian securities regulatory authorities, including the risk factors identified under “Risk Factors” and the section titled “Summary of Risk Factors” in RBA’s most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other periodic reports and other filings with the SEC. The forward-looking statements included in this release are made only as of the date hereof. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Many of these risk factors are outside of our control, and as such, they involve risks which are not currently known that could cause actual results to differ materially from those discussed or implied herein. RBA does not undertake any obligation to update any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250213712608/en/
Media Inquiries:
Val Alitovska | RB Global, Inc.
Director, Corporate Communications
(312) 505-9900
[email protected]
Analyst Inquiries:
Sameer Rathod | RB Global, Inc.
VP, Investor Relations/Market Intelligence
(510) 381-7584
[email protected]
KEYWORDS: United States North America Canada Florida Illinois
INDUSTRY KEYWORDS: Other Manufacturing Other Retail Automotive General Automotive Supermarket Other Automotive Manufacturing Machinery Retail Online Retail
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