Ritchie Bros - M&A Summary and Business Overview

Business ServicesCompany

Ritchie Bros M&A Summary

Ritchie Bros has acquired 13 companies, including 6 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Ritchie Bros’ largest acquisition to date was in 2021, when it acquired Euro Auctions UK for $1.2B. Ritchie Bros has acquired in 7 different US states, and 4 countries. The Company’s most targeted sectors include business services (39%) and automotive (16%).

Ritchie Bros Business Overview

Where is Ritchie Bros headquartered?

Ritchie Bros is headquartered in Burnaby, British Columbia.

What is Ritchie Bros’ revenue?

Ritchie Bros disclosed revenue of 1,734M USD for 2022 and 1,417M USD for 2021.

How many employees does Ritchie Bros have?

Ritchie Bros has 2,600 employees.

What sector is Ritchie Bros in?

Ritchie Bros is a business services company.

When was Ritchie Bros founded?

Ritchie Bros was founded in 1958 .

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity13
  • Total Sectors Invested 6
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 4
  • M&A Advisors 9

Ritchie Bros

Ritchie Bros. Auctioneers, Inc.

9500 Glenlyon Parkway,
Burnaby, British Columbia V5J 0C6
Canada,
(778) 331-5500
www.rbauction.com

Ritchie Bros is an auctioneer of heavy equipment and trucks. Ritchie Bros was founded in 1958 and is based in Burnaby, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 7 2 2 - 2 - 13
vol $91M $275M $1.4B $1.7B
Sell (0.0/yr) # - - - - - - 0
  13

Most Recent M&A

Company Date Value Type
Insurance Auto Auctions, Inc. 2023-03-20 - Add-on Acquisition
Westchester, Illinois · www.iaai.com
VeriTread LLC 2023-01-09 - Add-on Acquisition
Lakeland, Florida · www.veritread.com
SmartEquip, Inc. 2021-09-27 175M USD Add-on Acquisition
Norwalk, Connecticut · www.smartequip.com
Euro Auctions UK Ltd. 2021-08-08 1.2B GBP Add-on Acquisition
Dromore, Ireland · www.euroauctions.com
Rouse Services 2020-10-29 275M USD Add-on Acquisition
Beverly Hills, California · www.rouseservices.com
Celadon Group, Inc. - Transportation Assets 2020-02-20 - Divestiture
Indianapolis, Indiana
Leake Auction Co. 2018-01-16 - Add-on Acquisition
Tulsa, Oklahoma · www.leakecar.com
Kramer Auctions Ltd. 2016-11-15 - Add-on Acquisition
North Battleford, Saskatchewan · www.kramerauction.com
IronPlanet, Inc. 2016-08-29 - Add-on Acquisition
Pleasanton, California · www.ironplanet.com
Petrowsky Auctioneers, Inc. 2016-08-02 - Add-on Acquisition
North Franklin, Connecticut · www.petrowskyauctioneers.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 5 (38%) 1.2B (69%) - -
Automotive 2 (15%) - - -
Information Technology 2 (15%) 339M (20%) - -
Internet Software and Services 2 (15%) 27M (2%) - -
Software 1 (8%) 175M (10%) - -
Transportation 1 (8%) - - -
Total 13 $1.7B - -

By Geo

State/Country Buy Value Sell Value
United States 10 514M - -
  California 3 275M - -
  Connecticut 2 175M - -
  Texas 1 64M - -
  Oklahoma 1 - - -
  Indiana 1 - - -
  Illinois 1 - - -
  Florida 1 - - -
Canada 1 - - -
  Saskatchewan 1 - - -
Ireland 1 1.2B - -
Netherlands 1 27M - -
Domestic 1 (8%) - - -
Cross-border 12 (92%) 1.7B (100%) - -
Total 13 $1.7B - -

Top M&A Advisors

Financial Deals
Goldman Sachs
 4
Guggenheim Securities
 1
Evercore Group
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
 3
McCarthy Tétrault
 1
Dorsey & Whitney LLP
 1

Deal Values

buy # Total
> $1B 1 $1.2B
$100M to $1B 2 $450M
< $100M 2 $91M
TOTAL $1.7B
Largest Euro Auctions UK Ltd.
$1.2B (2021-08-08)

M&A Connections

Deals
Acquired from
Investor(s)
15%
2 (15%)
Strategic(s)
15%
2 (15%)

Company Summary

SECTOR

Business Services

Revenue

1,734   23% 2022
1,417   3% 2021
1,377   5% 2020
1,319   13% 2019
1,170   92% 2018
611   8% 2017
566   10% 2016
516   8% 2015
481   2014
(millions of USD) Show More Show Less

Employees

2,600

Established

1958

Public

NYSE: RBA

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