M&A Deal Summary

Ritchie Bros Acquires Petrowsky Auctioneers

On August 2, 2016, Ritchie Bros acquired business services company Petrowsky Auctioneers

Acquisition Highlights
  • This is Ritchie Bros’ 2nd transaction in the Business Services sector.
  • This is Ritchie Bros’ 3rd transaction in the United States.
  • This is Ritchie Bros’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2016-08-02
Target Petrowsky Auctioneers
Sector Business Services
Buyer(s) Ritchie Bros
Deal Type Add-on Acquisition

Target

Petrowsky Auctioneers

North Franklin, Connecticut, United States
Petrowsky Auctioneers, Inc. is an auctioneer of heavy equipment.

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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 4 of 13
Sector (Business Services) 2 of 5
Type (Add-on Acquisition) 4 of 12
State (Connecticut) 1 of 2
Country (United States) 3 of 10
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-19 Mascus International Holding BV

Amsterdam, Netherlands

Mascus International Holding BV is an online equipment listing service for farm machinery, forestry, material handling and grounds care equipment, construction, transportation vehicles and other heavy equipment.

Buy $27M
FOLLOWING 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
Mergr

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