M&A Deal Summary

Ritchie Bros Acquires Celadon Group - Transportation Assets

On February 20, 2020, Ritchie Bros acquired automotive company Celadon Group - Transportation Assets from Celadon Group

Acquisition Highlights
  • This is Ritchie Bros’ 1st transaction in the Automotive sector.
  • This is Ritchie Bros’ 6th transaction in the United States.
  • This is Ritchie Bros’ 1st transaction in Indiana.

M&A Deal Summary
Date 2020-02-20
Target Celadon Group - Transportation Assets
Sector Automotive
Buyer(s) Ritchie Bros
Sellers(s) Celadon Group
Deal Type Divestiture

Target

Celadon Group - Transportation Assets

Indianapolis, Indiana, United States
Celadon Group's Transportation Assets is a provider of trucks and trailers.

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Buyer(S) 1

Buyer

Ritchie Bros

Burnaby, British Columbia, Canada
Category Company
Founded 1958
Sector Business Services
Employees2,600
Revenue 3.7B USD (2023)
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 8 of 13
Sector (Automotive) 1 of 2
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 6 of 10
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Leake Auction

Tulsa, Oklahoma, United States

Leake Auction Co. is a Oklahoma-based collector car auction company has been in business since 1972.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

Celadon Group

Indianapolis, Indiana, United States
Category Company
Founded 1985
Sector Transportation
Employees5,979
Revenue 1.1B USD (2016)
DESCRIPTION
Celadon's corporate headquarters in Indianapolis, Indiana.
Celadon's corporate headquarters in Indianapolis, Indiana.

Celadon Group is a provider of long-haul and regional full-truckload freight services across the United States, Canada and Mexico. Celadon Group was incorporated in 1985 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 5 of 5
Sector (Automotive) 1 of 1
Type (Divestiture) 5 of 5
State (Indiana) 3 of 3
Country (United States) 5 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Celadon Group - COFC Intermodal Division

Indianapolis, Indiana, United States

Celadon Group, Inc. - COFC Intermodal Division includes operating personnel, drivers, customer and supplier relationships, containers, and chassis, among other assets.

Sell -
Mergr

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