M&A Deal Summary

Ritchie Bros Acquires IronPlanet

On August 29, 2016, Ritchie Bros acquired internet software and services company IronPlanet for 759M

Acquisition Highlights
  • This is Ritchie Bros’ 2nd transaction in the Internet Software and Services sector.
  • This is Ritchie Bros’ 5th largest (disclosed) transaction.
  • This is Ritchie Bros’ 4th transaction in the United States.
  • This is Ritchie Bros’ 2nd transaction in California.

M&A Deal Summary
Date 2016-08-29
Target IronPlanet
Sector Internet Software and Services
Buyer(s) Ritchie Bros
Deal Type Add-on Acquisition
Deal Value 759M
Advisor(s) J.P. Morgan Securities (Financial)
Orrick (Legal)

Target

IronPlanet

Pleasanton, California, United States
IronPlanet, Inc. is an online marketplace for used heavy equipment. IronPlanet has sold over $4 billion of used equipment online and has built a database of more than 1.3 million registered users worldwide. IronPlanet delivers sellers the right channels to reach the right buyers at the right time to maximize their returns. At the same time IronPlanet delivers the tools buyers need to buy with confidence on their time frames.

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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 5 of 13
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 5 of 12
State (California) 2 of 3
Country (United States) 4 of 10
Year (2016) 3 of 4
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Petrowsky Auctioneers

North Franklin, Connecticut, United States

Petrowsky Auctioneers, Inc. is an auctioneer of heavy equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 Kramer Auctions

North Battleford, Saskatchewan, Canada

Kramer Auctions Ltd. is an auctioneers of farm equipment, industrial heavy equipment and commercial equipment. Kramer Auctions Ltd. was established in 1949 and is headquartered in North Battleford, Saskatchewan.

Buy -
Mergr

Product

Company

Legal