RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global
marketplace for insights, services and transaction solutions for
commercial assets and vehicles, today announced that Ritchie Bros.
Auctioneers’ Feb. 17-21 premier global auction event in Orlando
will feature 16,000+ items listed online, with inventory continuing
to be added daily. Bidders can browse listings online with
high-resolution photos and videos, or attend preview days onsite
starting today, Feb. 13. Priority bidding and Timed Auction Lot
bidding opened Feb. 8.
Equipment highlights in the Orlando auction include 2,000+
construction equipment lots, 1,100+ transport trucks, 70+ units of
aggregate equipment, 400+ lifting and material handling assets, and
so much more. Bids in the auction can be made in-person, online in
real time at rbauction.com, or via Ritchie Bros.' mobile app.
Customers who attend the auction in person are encouraged to
connect with the Ritchie Bros. team onsite to learn more about the
complete offering of services and solutions, including:
- Creating an online profile at rbauction.com to explore
listings
- Discussing financing options with a member of the Ritchie Bros.
Financial Services team
- Coordinating with VeriTread and uShip on transportation of
purchased assets
- Browsing the latest assets in Marketplace-E Buy Now and Make
Offer platform
- Previewing the upcoming improvements to the auction platform
with the Ritchie Bros. product team
- Getting to know Boom & Bucket®, our newest online
marketplace offering a vast selection of ready-to-work equipment –
backed by Powerhouse Protection®, extended warranties, flexible
financing options and nationwide shipping
"We’re looking forward to welcoming customers once again to our
highly anticipated, premier global auction event in Orlando. With
200 acres quickly filling up with heavy industrial equipment and
transportation assets ready to be purchased and taken home by new
owners, plus online inventory listed through our Virtual Sales
Option featuring IronClad Assurance, this year’s auction event
offers an unmatched selection for buyers worldwide," said Jeff
Jeter, Chief Revenue Officer for RB Global. "At Ritchie Bros., we
want our buyers to have all the information they need to bid with
confidence. Check out the equipment online or visit our Orlando
site in person to inspect and test equipment."
For more information about the February 2025 Orlando auction,
including details about how to consign today or how to view and
register to bid on the largest selection of available inventory in
one place, visit rbauction.com/Orlando25.
About RB Global
RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel
marketplace that provides value-added insights, services and
transaction solutions for buyers and sellers of commercial assets
and vehicles worldwide. Through its auction sites in 14 countries
and digital platform, RB Global serves customers in more than 170
countries across a variety of asset classes, including automotive,
commercial transportation, construction, government surplus,
lifting and material handling, energy, mining and agriculture. The
company’s marketplace brands include Ritchie Bros., the world’s
largest auctioneer of commercial assets and vehicles offering
online bidding, and IAA, a leading global digital marketplace
connecting vehicle buyers and sellers. RB Global’s portfolio of
brands also includes Rouse Services, which provides a complete
end-to-end asset management, data-driven intelligence and
performance benchmarking system; SmartEquip, an innovative
technology platform that supports customers’ management of the
equipment lifecycle and integrates parts procurement with both OEMs
and dealers; and VeriTread, an online marketplace for heavy haul
transport.
Forward-Looking Statements
Certain statements contained in this release contain include
forward-looking information within the meaning of Canadian
securities legislation and forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
Section 21E of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995 (collectively,
“forward-looking statements”). Forward-looking statements may
include statements relating to future events and anticipated
results of operations, business strategies, the expected timing and
associated benefits with respect to the planned February 2025
Orlando Auction Event and other subjects of this release on our
business and plans regarding our growth strategies, and to our
customers and company generally, and other aspects of RBA’s or
IAA’s respective businesses, operations, financial condition or
operating results and other statements that are not historical
facts. Words such as “should,” “may,” “will,” “anticipates,”
“expects,” “intends,” “plans,” “believes,” “seeks,” “estimates”
“could,” “can,” “intends,” “target,” “goal,” “projects,”
“contemplates,” “believes,” “predicts,” “potential,” “continue,”
“foresees,” “forecasts,” “estimates,” “opportunity” and similar
expressions identify forward- looking statements. It is uncertain
whether any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do, what
impact they will have on the results of operations and financial
condition of the combined companies or the price of RBA’s common
shares. Therefore, you should not place undue reliance on any such
statements and caution must be exercised in relying on
forward-looking statements. While RBA’s management believe the
assumptions underlying the forward-looking statements are
reasonable, these forward-looking statements involve certain risks
and uncertainties, many of which are beyond RBA’s control, that
could cause actual results to differ materially from those
indicated in such forward-looking statements, including but not
limited to: the effects of the business combination of RBA and IAA,
including the combined company’s future financial condition,
results of operations, strategy and plans; potential adverse
reactions or changes to business or employee relationships,
including those resulting from the completion of the merger; the
diversion of management time on transaction-related issues; the
response of competitors to the merger; the ultimate difficulty,
timing, cost and results of integrating the operations of RBA and
IAA; the fact that operating costs and business disruption may be
greater than expected following the consummation of the merger; the
effect of the consummation of the merger on the trading price of
RBA’s common shares; the ability of RBA to retain and hire key
personnel and employees; the significant costs associated with the
merger; the outcome of any legal proceedings that could be
instituted against RBA; the ability of the combined company to
realize anticipated synergies in the amount, manner or timeframe
expected or at all; the failure of the combined company to realize
potential revenue, EBITDA, growth, operational enhancement,
expansion or other value creation opportunities from the sources or
in the amount, manner or timeframe expected or at all; the failure
of the trading multiple of the combined company to normalize or
re-rate and other fluctuations in such trading multiple; changes in
capital markets and the ability of the combined company to generate
cash flow and/or finance operations in the manner expected or to
de-lever in the timeframe expected; the failure of RBA or the
combined company to meet financial forecasts and/or KPI targets;
legislative, regulatory and economic developments affecting the
business of RBA; general economic and market developments and
conditions; the evolving legal, regulatory and tax regimes under
which RBA operates; unpredictability and severity of catastrophic
events, including, but not limited to, pandemics, acts of terrorism
or outbreak of war or hostilities, as well as RBA’s response to any
of the aforementioned factors. Other risks that could cause actual
results to differ materially from those described in the
forward-looking statements are included in RBA’s periodic reports
and other filings with the Securities and Exchange Commission
(“SEC”) and/or applicable Canadian securities regulatory
authorities, including the risk factors identified under “Risk
Factors” and the section titled “Summary of Risk Factors” in RBA’s
most recent Annual Report on Form 10-K for the fiscal year ended
December 31, 2023, and other periodic reports and other filings
with the SEC. The forward-looking statements included in this
release are made only as of the date hereof. While the list of
factors presented here is considered representative, no such list
should be considered to be a complete statement of all potential
risks and uncertainties. Many of these risk factors are outside of
our control, and as such, they involve risks which are not
currently known that could cause actual results to differ
materially from those discussed or implied herein. RBA does not
undertake any obligation to update any forward-looking statements
to reflect actual results, new information, future events, changes
in its expectations or other circumstances that exist after the
date as of which the forward-looking statements were made, except
as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250213712608/en/
Media Inquiries: Val Alitovska | RB Global, Inc.
Director, Corporate Communications (312) 505-9900
valitovska@rbglobal.com
Analyst Inquiries: Sameer Rathod | RB Global, Inc. VP,
Investor Relations/Market Intelligence (510) 381-7584
srathod@rbglobal.com
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