RBA Profile
Ritchie Bros. Auctioneers Incorporated, headquartered in Burnaby, Canada, specializes in asset management and disposition services, facilitating the sale of industrial equipment and durable assets through a variety of channels. Established in 1958, the company conducts unreserved auctions, operates online marketplaces, provides listing services, and offers private brokerage services to a global clientele.
The core of Ritchie Bros.' business model revolves around the sale of a wide array of used and unused commercial assets. These include earthmoving equipment, truck tractors, trailers, government surplus items, oil and gas equipment, and various other industrial assets, alongside construction and heavy machinery. The company also hosts live auction events supplemented by online bidding capabilities, enhancing accessibility and participation for its customers.
Operating from 40 auction sites worldwide, Ritchie Bros. serves a diverse range of industries including construction, transportation, agriculture, energy, oil and gas, mining, and forestry sectors. Its global footprint spans across key regions such as the United States, Canada, Australia, the United Arab Emirates, the Netherlands, Europe, the Middle East, Asia, and beyond, ensuring broad market coverage and reach.
With decades of experience in asset auctions and a robust infrastructure, Ritchie Bros. Auctioneers continues to be a prominent player in the asset management industry. By leveraging its extensive network and technological innovations, the company remains committed to delivering efficient, transparent, and effective solutions for asset sales on a global scale.
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