M&A Deal Summary

Ritchie Bros Acquires Euro Auctions

On August 8, 2021, Ritchie Bros acquired business services company Euro Auctions for 775M GBP

Acquisition Highlights
  • This is Ritchie Bros’ 5th transaction in the Business Services sector.
  • This is Ritchie Bros’ 0th largest (disclosed) transaction.
  • This is Ritchie Bros’ 1st transaction in Ireland.

M&A Deal Summary
Date 2021-08-08
Target Euro Auctions
Sector Business Services
Buyer(s) Ritchie Bros
Deal Type Add-on Acquisition
Deal Value 775M GBP
Advisor(s) Jefferies (Financial)
A&L Goodbody (Legal)

Target

Euro Auctions

Dromore, Ireland
website
Euro Auctions conducts unreserved heavy equipment auctions with onsite and online bidding under the brands Euro Auctions and Yoder & Frey. In 2020, the company conducted 60 auctions, selling close to 90,000 items for £484+ million across its nine locations in the United Kingdom, Northern Ireland, Germany, Spain, the United Arab Emirates, Australia, and the United States. It also sells items through a timed auction format and a daily marketplace with Buy Now and Make Offer options. Euro Auctions was formed in 1998 and is based in Dromore, Ireland.

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Buyer(S) 1

Buyer

Ritchie Bros

Burnaby, British Columbia, Canada

website

Category Company
Founded 1958
Sector Business Services
Employees2,600
Revenue 1.7B USD (2022)
DESCRIPTION

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

DEAL STATS #
Overall 10 of 13
Sector (Business Services) 5 of 5
Type (Add-on Acquisition) 9 of 12
Country (Ireland) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Rouse Services

Beverly Hills, California, United States

Rouse Services provides data intelligence and performance benchmarking solutions for customers make better decisions. Its subscription-based revenue is generated by three Data-as-a-service (DaaS) solutions: rental analytics, equipment sales support, and fleet appraisals. Rouse Services is based in Beverly Hills, California.

Buy $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 SmartEquip

Norwalk, Connecticut, United States

SmartEquip is a multi-manufacturer platform that provides customers with real-time service and diagnostic support, dynamically customized, via serial number, to each asset in their fleet, as well as enabling the electronic procurement of parts from OEMs and their dealers. SmartEquip is based in Norwalk, Connecticut.

Buy $175M
Mergr

Product

Company

Legal