Ritchie Bros. Sells CA$224+ Million of Heavy Equipment Assets and Vehicles at Premier Canadian Auction Event
RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced Ritchie Bros. Auctioneers sold 11,000+ equipment items, trucks and vehicles at its premier Canadian auction event in Edmonton, AB, last week. The five-day auction generated nearly CA$225 million in gross transaction value (GTV).
The April 29 – May 3, 2025, online and onsite auction attracted more than 18,000 bidders from more than 50 countries, with approximately 94% of the equipment selling to Canadians, including 62% purchased by Albertans. The remaining 6% of the equipment was purchased by international buyers from as far away as Saudi Arabia, Egypt, Peru and the Netherlands.
"This year's April-May event in Edmonton was once again embraced by our many trusted consignors and buyers as the premier event in Canada to buy and sell heavy equipment. In the face of ongoing market uncertainty, Ritchie Bros. once again delivered strong buyer demand on a huge selection of late-model, low-hour equipment," said Jake Lawson, President of North American Sales for Ritchie Bros. "It is with tremendous pride that we get to host this event every year and we would like to thank the 1,700+ consignors and 4,300+ buyers that contributed to making the 2025 version of it a success.
"We would also like to recognize the generosity of our customers that contributed to raising over $66,000 for charity at our annual customer appreciation event hosted in conjunction with this auction. Together, in the last eight years we have raised $232,000 for the Make-A-Wish Foundation. This year we also proudly raised $33,000 for the Leduc and District Food Bank and Holiday Hampers."
Ritchie Bros. has more than 80,000 equipment items and trucks in its upcoming auctions and online marketplaces, including 4,800+ items selling in an Ontario Regional Event on May 21–23; 2,900+ items selling in a Quebec Regional Event May 27–29; 1,500+ items selling in an Atlantic Regional Event on May 30; and 1,200+ items selling in a BC Regional Event June 3–4. The next large sale in Edmonton will be June 23–25, with 1,600+ items already listed on the auction site. For a complete list of upcoming auctions and events, including weekly IronPlanet auctions and Marketplace-E events, visit rbauction.com/auctions.
About RB Global
RB Global, Inc. (NYSE:RBA) (TSX:RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The company's end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread. For more information about RB Global, visit www.rbglobal.com.
Forward-Looking Statements
Certain statements contained in this release include "forward-looking statements" within the meaning of U.S. federal securities laws and "forward-looking information" within the meaning of Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements herein include, in particular, statements relating to the upcoming auctions (including the Ontario, Quebec, Atlantic, and BC Regional Events), and other subjects of this release that are not historical facts. Forward-looking statements are typically identified by such words as "aim", "anticipate", "believe", "could", "continue", "estimate", "expect", "intend", "may", "ongoing", "plan", "potential", "predict", "will", "should", "would", "could", "likely", "generally", "future", "long-term", or the negative of these terms, and similar expressions intended to identify forward-looking statements. 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Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to risks and uncertainties relating to: our ability to drive shareholder value; potential growth and market opportunities; the level of participation in our auctions and the success of our online marketplaces; our ability to grow our businesses, acquire new customers, enhance our sector reach, drive geographic depth, and scale our operations; the impact of our initiatives, services, investments, and acquisitions on us and our customers; the acquisition or disposition of properties; potential future mergers and acquisitions; our ability to integrate acquisitions; our future capital expenditures and returns on those expenditures; our ability to add new business and information solutions, including, among others, our ability to maximize and integrate technology to enhance our existing services and support additional value-added service offerings; the supply trend of equipment and vehicles in the market and the anticipated price environment, as well as the resulting effect on our business and Gross Transaction Value ("GTV"); our compliance with laws, rules, regulations, and requirements that affect our business; effects of various economic, financial, industry, and market conditions or policies, including inflation, the supply and demand for property, equipment, or natural resources; the behavior of commercial assets and vehicle pricing; the relative percentage of GTV represented by straight commission or underwritten (guarantee and inventory) contracts, and its impact on revenues and profitability; our future capital expenditures and returns on those expenditures; the effect of any currency exchange and interest rate fluctuations on our results of operations; the effect of any tariffs on our results of operations; the grant and satisfaction of equity awards pursuant to our compensation plans; any future declaration and payment of dividends, including the tax treatment of any such dividends; financing available to us from our credit facilities or other sources, our ability to refinance borrowings, and the sufficiency of our working capital to meet our financial needs; our ability to satisfy our present operating requirements and fund future growth through existing working capital, credit facilities and debt; misappropriation of data or cybersecurity incidents; and, failure to comply with privacy and data protection laws. Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in "Part I, Item 1A: Risk Factors", and the section titled "Summary of Risk Factors", in our Annual Report on Form 10-K for the year ended December 31, 2024, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the Securities and Exchange Commission, including subsequent Quarterly Reports on Form 10-Q 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. 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