M&A Deal Summary

Ritchie Bros Acquires Kramer Auctions

On November 15, 2016, Ritchie Bros acquired business services company Kramer Auctions

Acquisition Highlights
  • This is Ritchie Bros’ 3rd transaction in the Business Services sector.
  • This is Ritchie Bros’ 1st transaction in Canada.
  • This is Ritchie Bros’ 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2016-11-15
Target Kramer Auctions
Sector Business Services
Buyer(s) Ritchie Bros
Deal Type Add-on Acquisition

Target

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.

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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 6 of 13
Sector (Business Services) 3 of 5
Type (Add-on Acquisition) 6 of 12
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 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.

Buy USD759M
FOLLOWING 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 -
Mergr

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