Ritchie Bros.

Ritchie Bros.

Asset management and heavy equipment auctions

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.

Simplify's Rating
Why Ritchie Bros. is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Enterprise Software

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Westchester, Illinois

Founded

1958

Your Connections

People at Ritchie Bros. who can refer or advise you

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Simplify's Take

What believers are saying

  • Q1 2026 gross transaction value rose 13% to $4.3 billion.
  • Edmonton auctions attract 21,000-plus bidders from 43 countries and record transaction volumes.
  • Multi-state liquidation mandates like Highway Equipment deepen relationships with industrial and restructuring sellers.

What critics are saying

  • BigIron integration can distract management and delay expected cross-sell synergies.
  • Used-equipment price declines would directly compress gross transaction value and EBITDA.
  • International bidder demand faces tariff, customs, and export-control disruptions.

What makes Ritchie Bros. unique

  • Ritchie Bros. pioneered unreserved auctions, where the highest bidder always wins.
  • The company combines live auctions, online bidding, and marketplace channels globally.
  • It operates more than 40 auction sites across dozens of countries.

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Funding

Total Funding

$1.5B

Above

Industry Average

Funded Over

5 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

Paid Holidays

Employee Discounts

Professional Development Budget

Training Programs

Performance Bonus

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
Ritchie Bros. Auctioneers
Mar 25th, 2026
Motivated buyers need your equipment - sell in Edmonton's next auction.

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

Ritchie Bros. Auctioneers
Feb 3rd, 2026
5 fun things to do at Orlando 2026

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!

SmartEquip
Mar 31st, 2025
Spotlight on SmartEquip at bauma 2025

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.

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