Ritchie Bros. Asset Solutions

Burnaby, BC V5J 0C6

Company Overview

Ritchie Bros. is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.

Company Details
Years in business:Since: 1958
Number of employees:1001-5000
9500 Glenlyon Parkway
Burnaby, BC V5J 0C6
CA
https://www.rbassetsolutions.com/
Phone:(778) 331-5500
Toll Free:(800) 663-1739
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a multitude of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company’s selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification
Articles & News
P&H 4100XPB Front Shovel,
Ritchie Bros. Reveals Biggest Ticket Items Sold in 2022
The construction heavy equipment auction house has released a list of the biggest price tags from last year.
February 2, 2023
The company will celebrate the launch of an updated inventory management system at North America's largest construction equipment tradeshow.
Ritchie Bros. Announces CONEXPO Plans
The company will celebrate the launch of an updated inventory management system at North America's largest construction equipment tradeshow. Las Vegas auction to be simulcast at CONEXPO booth.
January 31, 2023
Ritchie Bros.' acquisition will allow for growth and increased capacity.
Ritchie Bros. Buys Controlling Stake in VeriTread
Ritchie Bros.' acquisition will allow for growth and increased capacity.
January 9, 2023
construction technology
Q4 Construction Tech Updates
The following construction technology companies have issued these updates for the final quarter of 2022.
December 30, 2022
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Tight Supply Market Drives Strong Demand for Equipment and Trucks
Supply chain disruptions and microchip shortage create low supply environment.
September 10, 2021
Buying new lets you to take advantage of the performance enhancements provided by the latest technology, but a used purchase can significantly reduce the initial capital investment required.
How to Get the Best Bargain When Buying a Compact Excavator
A little homework can help you get the best deal when buying a compact excavator and other compact construction equipment
September 12, 2019
Products & Press Releases
Screenshot 2021 09 20 122444
Ritchie Bros. Reports Aerial Equipment Prices Jump 29% in U.S.
Buyers are paying a premium for aerial work platforms due to supply constraints, record-high rental rates, strong demand and the amount of work available.
September 20, 2021
Skid Steers Ritchie Bros
Skid Steer Prices Up 30% in the U.S. According to Ritchie Bros.
August Market Trends Report shows price growth across all equipment categories, with significant gains in the ubiquitous skid steers and compact track loaders
August 19, 2021
Ritchie Bros. to Acquire Euro Auctions and Expand International Presence Into EMEA Region
The acquisition will expand Ritchie Bros.' overall footprint and access to equipment, while also tapping into new revenue streams with service offerings to Euro Auctions customers.
August 9, 2021
Screenshot 2021 01 29 135126
Ritchie Bros. Cloud-Based Inventory Management System
Ritchie Bros. designs a cloud-based Inventory Management System (IMS) to track usage, condition, deployment and remarketing of fleet equipment.
January 29, 2021
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Ritchie Bros.' IronPlanet marketplace experiencing busiest summer ever
Close to 8,700 items sold through IronPlanet in July as the company surpasses US$1 billion sold through its online marketplaces over 12-month period (August 2019 to July 2020).
August 12, 2020
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Ritchie Bros. Battles COVID-19 with $187,500 in Donations to Food Banks Around the World
Auctioneer's donations include $85,000 to U.S. food banks and $67,500 to Canadian food banks, as the massive economic impact of the coronavirus pandemic elevates need.
July 20, 2020
Videos & Resources
Document: Ritchie Bros. EquipmentOne Fact Sheet
PDF of a Ritchie Bros. document (3 pages) that describe key features and functionality of the EquipmentOne online marketplace
April 8, 2013
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Video: Bidding Online During a Ritchie Bros. Equipment Auction
This Ritchie Bros. video (1:14 min.) demonstrates what it's like to bid during a live Ritchie Bros. auction, with people bidding on-site and online in real time
December 18, 2012
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More from Ritchie Bros. Asset Solutions
P&H 4100XPB Front Shovel,
Ritchie Bros. Reveals Biggest Ticket Items Sold in 2022
The construction heavy equipment auction house has released a list of the biggest price tags from last year.
February 2, 2023
The company will celebrate the launch of an updated inventory management system at North America's largest construction equipment tradeshow.
Ritchie Bros. Announces CONEXPO Plans
The company will celebrate the launch of an updated inventory management system at North America's largest construction equipment tradeshow. Las Vegas auction to be simulcast at CONEXPO booth.
January 31, 2023
Ritchie Bros.' acquisition will allow for growth and increased capacity.
Ritchie Bros. Buys Controlling Stake in VeriTread
Ritchie Bros.' acquisition will allow for growth and increased capacity.
January 9, 2023
construction technology
Q4 Construction Tech Updates
The following construction technology companies have issued these updates for the final quarter of 2022.
December 30, 2022
Screenshot 2021 09 20 122444
Ritchie Bros. Reports Aerial Equipment Prices Jump 29% in U.S.
Buyers are paying a premium for aerial work platforms due to supply constraints, record-high rental rates, strong demand and the amount of work available.
September 20, 2021
F T Xsep2015 453
Tight Supply Market Drives Strong Demand for Equipment and Trucks
Supply chain disruptions and microchip shortage create low supply environment.
September 10, 2021
Skid Steers Ritchie Bros
Skid Steer Prices Up 30% in the U.S. According to Ritchie Bros.
August Market Trends Report shows price growth across all equipment categories, with significant gains in the ubiquitous skid steers and compact track loaders
August 19, 2021
Ritchie Bros. to Acquire Euro Auctions and Expand International Presence Into EMEA Region
The acquisition will expand Ritchie Bros.' overall footprint and access to equipment, while also tapping into new revenue streams with service offerings to Euro Auctions customers.
August 9, 2021
Screenshot 2021 01 29 135126
Ritchie Bros. Cloud-Based Inventory Management System
Ritchie Bros. designs a cloud-based Inventory Management System (IMS) to track usage, condition, deployment and remarketing of fleet equipment.
January 29, 2021
O F Lfeb2016 0583
Ritchie Bros.' IronPlanet marketplace experiencing busiest summer ever
Close to 8,700 items sold through IronPlanet in July as the company surpasses US$1 billion sold through its online marketplaces over 12-month period (August 2019 to July 2020).
August 12, 2020
Ritchie Bros Bobcat2019 5f15e9932bb6f
Ritchie Bros. Battles COVID-19 with $187,500 in Donations to Food Banks Around the World
Auctioneer's donations include $85,000 to U.S. food banks and $67,500 to Canadian food banks, as the massive economic impact of the coronavirus pandemic elevates need.
July 20, 2020
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Rate of Decline in Used Equipment Pricing Moderates
Although used equipment values continued to be lower compared to the same time frame last year, the rate of decline has moderated, suggesting used equipment values are now trending higher again.
June 9, 2020
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Ritchie Bros. Auctions Continue to Break Attendance Records
June 2 to 3 auction in Fort Worth, TX, set a new site bidder record, registering 11,600+ people from 68 countries
June 8, 2020
Ritchie Bros Motor Graders Orlando
Ritchie Bros. Holding Equipment Auction During CONEXPO 2020
On March 12 and 13, 2020, Ritchie Bros. will hold an unreserved public auction at its site in Las Vegas, approximately 20 minutes from the CONEXPO-CON/AGG trade show grounds.
January 28, 2020
Ritchie Bros. PriorityBid features allows bidders to set a maximum bid on an item and let the system bid for them.
Ritchie Bros. PriorityBid Now Lets Bidders Set Up Online Proxy Bids a Week Before Auctions
PriorityBid feature lets buyers make proxy bids online for items in live auctions up to a week before the sale, putting them first in line to win the item, provided no one outbids them
September 17, 2019
Buying new lets you to take advantage of the performance enhancements provided by the latest technology, but a used purchase can significantly reduce the initial capital investment required.
How to Get the Best Bargain When Buying a Compact Excavator
A little homework can help you get the best deal when buying a compact excavator and other compact construction equipment
September 12, 2019
More than 430 loaders were sold in Ritchie Bros.' record-breaking Orlando, FL auction last week.
Ritchie Bros. Orlando Equipment Auction Sells a Record $297 Million
Over six days the company sold more than 13,300 assets and attracted more than 15,900 people from 88 countries
March 4, 2019
11,500+ Items to be Sold at Ritchie Bros. Six-day Orlando Event
20+ acres added for additional equipment merchandising for this year’s February auction
January 31, 2019
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Ritchie Bros. Completes Acquisition of IronPlanet
Acquisition accelerates Ritchie Bros.’ strategy of becoming a one-stop, multichannel company where customers can buy, sell or list equipment, when, how and where they choose
June 1, 2017
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Ritchie Bros. to be Preferred Provider for Used Caterpillar Equipment with IronPlanet Acquisition
Ritchie Bros. will become Caterpillar’s preferred global partner for live onsite and online auctions with respect to used Caterpillar equipment, and will complement Caterpillar’s existing dealer channels
August 29, 2016
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Ritchie Bros. to Acquire IronPlanet for $758.5 million in Effort to Accelerate Its Diversification Strategy
With more than $3 billion in annual online equipment sales, the combined company will rank among the world’s top 50 B2B e‐commerce companies
August 29, 2016
Ritchie Bros. Appoints Terry Dolan President, U.S. and Latin America
Ritchie Bros. announces that Terry Dolan has agreed to join the company as president, U.S. and Latin America, effective May 20, 2015. He will have full P&L responsibility for the company’s U.S. and Latin America business unit.
May 27, 2015
Ritchie Bros. Sells Record Equipment Items at Five-Day Orlando Auction
Five-day auction sold more than 10,500 pieces of equipment and trucks and attracted more than 9,350 on-site and online bidders
February 23, 2015
Ritchie Bros. to Conduct 10th Annual Fundraising Auction at World of Concrete in Las Vegas
Ritchie Bros. will conduct the Concrete Industry Management fundraising auction on Feb. 4, followed by an equipment auction at its Las Vegas site on Feb. 6
January 27, 2015