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Overview
Ritchie Bros. Auctioneers connects buyers and sellers of heavy machinery, trucks, and other assets through auctions and asset-management services. Its core products are live and online auctions plus disposition and asset-management solutions that help sellers convert surplus equipment into cash and help buyers find and bid on used equipment. The auction process works by listing assets for sale in catalogs and conducting bidding—historically unreserved auctions and now increasingly online platforms—so buyers can bid from anywhere and sellers can reach a global audience. The company differentiates itself with a long history of transparency and integrity, a global footprint across more than 20 countries, and a shift toward online auctions that expands access and efficiency for both sides of the market. The goal is to provide a trusted, scalable marketplace that maximizes recovery for asset owners while delivering broad, convenient access to buyers worldwide.
About Ritchie Bros.
Industries
Industrial & Manufacturing
Enterprise Software
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Westchester, Illinois
Founded
1958
People at Ritchie Bros.
People at Ritchie Bros. who can refer or advise you
Simplify's Take
What believers are saying
- Commercial construction segment drove 27% gross transaction value growth in Q1 2026, boosting overall revenue.
- BigIron acquisition completed in May 2026 expands U.S. agriculture footprint and adds $885 million annual GTV.
- Edmonton auction sold over 6,200 lots from 14,000 registered buyers, signaling strong global equipment demand.
What critics are saying
- Boom & Bucket's digital-only model with lower fees threatens Ritchie Bros.' high-margin onsite dominance in US mid-market.
- Mascus AI-driven dynamic pricing in EU reduces consignment yields by 8–12% by undercutting manual auctioneer pricing.
- A 10% drop in global used equipment values could trigger 25% GTV contraction, invalidating $4.3B valuation and causing liquidity crisis.
What makes Ritchie Bros. unique
- Ritchie Bros. pioneered unreserved auctions with transparency and integrity, setting a global standard since 1958.
- It operates 24-hour yards in Scotland and Ireland, reducing transport costs and improving machinery logistics access.
- The company combines onsite and online auctions with world-class marketing, attracting buyers from over 45 countries.
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Funding
Total Funding
$1.5B
Above
Industry Average
Funded Over
5 Rounds
Benefits
Paid Holidays
Employee Discounts
Professional Development Budget
Training Programs
Performance Bonus
Stock Price
Growth & Insights and Company News
6 month growth
↑ 7%1 year growth
↑ 7%2 year growth
↑ 7%Scottish yard aids auctioneers expansion. Ritchie Bros. has strengthened its presence in the UK with the opening of its first operational yard in Scotland, providing buyers and sellers of used machinery with a dedicated facility in the country's central belt. Located at Harthill, just off Junction 5 of the M8 motorway between Glasgow and Edinburgh, the new site is designed to improve access for customers across Scotland while reducing transport distances and simplifying equipment logistics. The facility operates 24 hours a day for deliveries, allowing customers and hauliers to drop off and collect machinery outside traditional opening hours. The company says the flexible access will help minimise downtime and make it easier to move equipment around busy work schedules. The Scottish yard complements Ritchie Bros.' existing UK operations at Maltby, near Rotherham, together with its Mullingar facility in Ireland, which opened in 2025. The three locations provide broader coverage across the UK and Ireland while supporting equipment sales through the company's online auctions and other sales channels. Chris Thomson, Scotland Territory Manager at Ritchie Bros., said the investment reflects the company's commitment to the Scottish market. "Having an operational yard in Harthill means we can offer the same market-leading services already available elsewhere in the UK while making it easier and quicker for customers in Scotland to sell machinery and equipment," he said. "The new location allows Scottish sellers to access our global network of buyers while benefiting from a much more convenient local facility." As well as reducing transport costs and journey times, the site brings inspection, marketing and sales support closer to customers who previously had to travel further afield to access Ritchie Bros.' services. The opening forms part of the company's wider strategy to expand its regional footprint and meet growing demand for used equipment and asset management services across the UK and Ireland. The new yard is located at 59 West Benhar Road, Harthill, Shotts ML7 5TG.
Motivated buyers need your equipment - sell in Edmonton's next auction. Ritchie Bros.' Spring Auction in Edmonton is always one of the biggest of the year. The dates for this year's auction are May 11-15, and there's time to add your equipment and take advantage of its world class marketing and buyer demand. It's shaping up to be an exciting event with demand for used equipment high across all industries. Last Edmonton auction by the numbers - nobody drives more buyer demand. The momentum in Alberta is going strong, with bidders and buyers from 45+ countries and over 6,200 lots sold in the last Edmonton auction in March. Over 14,000 bidders registered for the auction! Featured results from Edmonton's last auction: Take advantage of everything ritchie Bros. offers to help you sell equipment and trucks. * Access to its global buyer audience * Tailored selling solutions for customers of all sizes * Selling location flexibility * World class multi-channel marketing driving demand for your assets
5 fun things to do at Orlando 2026. The highly anticipated Ritchie Bros.' Premier Global Auction in Orlando is set to kick off from February 16-20, marking the pinnacle of equipment auctions for the year. This year will feature an impressive lineup of over 13,000 items, including equipment, trucks, and various assets. SalvageSale Marketplace, RB Group is going to help you get ready for a remarkable onsite auction experience with a rundown of all the unique stuff happening this year at its 200+ acre facility. Here are 5 things to do at Orlando 2026. 1. Glimpse what's next for Ritchie Bros. Customers attending in person will have access to Ritchie Bros. teams throughout the week, including product specialists, customer insights leaders and the Ritchie Bros. Financial Services team. You can chat with product team experts to provide input and learn about upcoming enhancements to the Ritchie Bros. marketplace and mobile app. You're also invited to connect with the customer insights team to share feedback, discuss industry perspectives and help amplify the customer voice across Ritchie Bros. initiatives. Show the world what you're up to and snap a cool photo or video at its Orlando auction for a chance to win a $250 Visa Gift Card. Post your photo or video on your public Facebook, Instagram, LinkedIn or TikTok account, mention SalvageSale Marketplace, RB Group and tag #RBORLANDO2026 from February 11-20, 2026. Find out more about how to enter the contest. 4. Be a part of first ever Creator Day. Keep your eye out for some of the industry's cool influencers at this year's first ever Creator Day on Feb 17. A select group of industry content creators will be on site to capture the scale, complexity, energy and moments that define the Orlando auction. The content captured during the day will extend the reach of the event beyond the auction yard, helping to immerse a broader audience across social media and digital channels in the Orlando auction experience. 4. Equipment ramping is back - for a day. As a nod to the legacy of Ritchie Bros.' past auctions, day two at Orlando (Feb 17) will include major equipment selling across the ramp, such as articulated dump trucks and wheel loaders, while day four will feature live bidding from the yard, with auctioneers calling bids from the sound truck. Don't miss seeing these big machines roll across the ramp in a parade of yellow iron. 5. Bid like there's no tomorrow. There's no better way to experience the thrill of an auction than by getting in on the action. Each day of the five-day event will feature one ring with live onsite and online bidding, with additional assets selling through Timed Auction kiosks. If you're planning to attend in person, SalvageSale Marketplace, RB Group encourage you to register online in advance to streamline the check-in process onsite. See you at the auction!
As the global leader in equipment lifecycle management, service, and procurement support for the global construction industry, SmartEquip was acquired by Ritchie Bros. in 2021 to become part of their suite of ancillary services and now exists within the RB Global, Inc. portfolio of brands.
Ritchie Bros. is Hiring for 291 Jobs on Simplify!
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About Ritchie Bros.
Industries
Industrial & Manufacturing
Enterprise Software
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Westchester, Illinois
Founded
1958
Ritchie Bros. is Hiring for 291 Jobs on Simplify!
Find jobs on Simplify and start your career today