Auctions

Ritchie Bros. Cleared to Move Ahead with IronPlanet Acquisition

Ritchie Bros., the world’s largest heavy equipment auctioneer and provider of end-to-end services (NYSE & TSX: RBA), recently announced the receipt of unconditional antitrust clearance from the U.S. Department of Justice for the proposed acquisition of IronPlanet, a leading online marketplace for heavy equipment and other durable assets. “Over the last 3 years, we’ve been successfully executing on a multi-channel diversification strategy to ensure that the company stays relevant and strong in a changing environment. In IronPlanet, we found a company that allows us to continue our rich history of innovation and gives us the tools and talent to transform into… Read More »

The Acceleration of Machinery Auctions

[Source: INEDA, 05.2016 | Keywords: Auctions, Used Equipment] Farm machinery auctions have been a part of the agricultural landscape for over a century. From farmer retirements and dealership consolidations, to bank foreclosures and inventory reductions, auctions have long provided farmers and dealers with a quick way to move equipment. Over the last year, the number of farm machinery auctions has grown significantly due to the downturn in the ag economy. This trend is expected to continue. Industry experts from BigIron (BI), Machinery Pete (MP), Purple Wave (PW), Ritchie Bros. (RB), Steffes Group, Inc. (SG) and Sullivan Auctioneers (SA) recently shared… Read More »