Ritchie Bros Mergers and Acquisitions Summary

Business ServicesCompany

Ritchie Bros has acquired 13 companies, including 7 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%).

Join Mergr and gain access to Ritchie Bros’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the business services sector.

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 ≤ '18 '19 '20 '21 '22 '23 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 LLP
3
McCarthy Tétrault LLP
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%)

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