Ritchie Bros. Auctioneers Incorporated tioneers Incorporated and its subsidiaries sell industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces. The company focuses on the sale of heavy machinery. Through its unreserved auctions and online marketplaces, the company sells a range of used and unused industrial assets, including equipment, trucks and other assets used in the construction, transportation, agricultural, material handling, mining, forestry, energy and marine industries. The majority of the assets sold through the company’s sales channels would be classified as construction machinery. It operates in approximately 15 countries worldwide. Segments The company’s segment includes Core Auction and EquipmentOne. Core Auction This segment is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding. EquipmentOne This segment is a secure online marketplace that facilitates private equipment transactions. Multi-Channel Sales Solutions and Complementary Services The company offers various sales solutions and complementary services. Its multi-channel sales solutions allow sellers to choose the method of sale based on their needed degree of control. Itsvision is to position appropriate solutions at each point of the seller journey, which is illustrated as follows, and connect them with quality buyers from a global marketplace. Ritchie Bros. Auctioneers is the industrial auctioneer, and the company’s core business is providing unreserved auction services to equipment buyers and sellers. Its bidders participate in its auctions in person, by proxy, or through real-time online bidding. Ritchie Bros. commercially launched EquipmentOne (an Online Negotiation Engine) in 2013 to reach the segment of the used equipment transaction market that prefers to retain control over the sales process, while potentially taking on more effort. Through EquipmentOne (www.equipmentone.com), equipment sellers are able to list their equipment on the online marketplace, receive and accept offers, and complete and settle their sale. EquipmentOne is an secure online marketplace that equipment sellers could navigate independently, while still leveraging Ritchie Bros.’ trusted brand and transaction processing. The company acts as a private sales agent leveraging its global customer base and extensive heavy industry knowledge to conduct negotiated sales of specialized and high-value equipment items between buyers and sellers. The company offers its buyers affordable, flexible equipment financing. RBFS brokers with select lenders to provide buyers with the best rates and low monthly payments., the company provides a wide array of services to make the auction process convenient for buyers and sellers of equipment. Examples of these services include: Strategy The company’s strategy is to drive efficiencies and effectiveness. History Ritchie Bros. Auctioneers Incorporated was founded in 1958.
ritchie bros auctioneers (RBA:New York)
9500 Glenlyon Parkway
Burnaby, BC V5J 0C6
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