Custom-tailored onsite plan attracts global
bidders to unreserved Texas
auction
HOUSTON and WESTCHESTER, Ill., Aug. 17,
2023 /CNW/ - RB Global, Inc. (NYSE: RBA) (TSX:
RBA), a trusted global marketplace for insights, services and
transaction solutions for commercial assets and vehicles, today
announced that its subsidiary Ritchie
Bros. Auctioneers (America), Inc. sold nearly US$44 million of equipment for industry-leader WB
Pipeline LLC on August 9, in
Splendora, Texas. Thousands of
bidders onsite and online around the world competed for more than
2,700 pieces of diverse, well-maintained, ready-to-work equipment
items in Ritchie Bros.' largest
pipeline construction auction of the year.
The auction was part of a strategic downsizing initiative for WB
Pipeline. The company will continue to serve its clients with
unwavering dedication and uphold its commitment to safety, quality
and customer satisfaction.
"The collaboration between WB Pipeline and Ritchie Bros. proved to be a winning
combination, resulting in a dynamic auction atmosphere that
effectively showcased the high-quality equipment available," said
WB Pipeline CEO, William B. Haines.
"This achievement underscores Ritchie
Bros.' ability to deliver outcomes for their clients,
solidifying their reputation as a leader in the auction
industry.
"We extend our heartfelt appreciation to all those who
participated in the auction," Haines added.
More than 5,500 people from over 40 countries registered to bid
in the unreserved auction in suburban Houston. Approximately 94% of the equipment
was purchased by U.S. buyers, including 64% sold to Texas buyers. The remaining 6% was sold to
international buyers in Canada,
Mexico, Belize, Bolivia and the United Arab Emirates.
"Ritchie Bros. was able to build
a custom-tailored onsite plan for the restructuring of WB Pipeline
that created a lot of energy around some of the best pipeline fleet
in the world," said Jeff Jeter,
Chief Revenue Officer at RB Global. "Our flexible solutions,
marketing efforts and execution had customers excited and ready to
go on auction day. I want to thank WB Pipeline and all our buyers
for making this event a success!"
Ritchie Bros. has more than
50,000 equipment items and trucks in its upcoming auctions and
online marketplaces, including auctions in Houston on August
22-25; Orlando on
August 31-September 1; Fort Worth on September
19-21; and a Southeast Regional auction on September 21-22. For a complete list of upcoming
auctions and events, visit rbauction.com/auctions.
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; Xcira, a leader in live simulcast auction
technologies; and VeriTread, an online marketplace for heavy
haul transport.
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SOURCE RB Global