Tag: Ritchie Bros.: Page 3

Dealers

Business Roundup: New GM at Deutz Power Center Midwest; Groff Tractor supplies Dire States Equipment Grant winner; Ritchie Bros. sells $46 million in Houston; $1 million construction theft ring busted; 2017 Safety Award winner

Vermet named GM of Deutz Power Center Midwest in North Kansas City Nick Vermet has been named general manager of Deutz Power Center Midwest in North Kansas City, Missouri, and also will have oversight of Deutz Service Center St. Louis and Deutz Service Center Chicago when it opens. Deutz Power Centers provide dedicated engineering and technical sales resources […]

July 4, 2017

Dealers

Ritchie Bros. sells $46 million in equipment and trucks at Houston auction

Ritchie Bros.’ third Houston auction of the year brought in more than $46 million in sales with more than 4,700 equipment items and trucks sold over the two-day event. The company reports there were more than 4,250 bidders from 57 countries at the event, with more than 2,850 registering to bid online. Roughly 58 percent […]

June 26, 2017

Dealers

Ritchie Bros. completes IronPlanet purchase, outlines organizational structure

Ritchie Bros. announced it has completed its purchase of IronPlanet, a transaction valued at roughly $758.5 million and financed through a senior note offering and secured term loan facility. The company announced plans for the acquisition last August and it was approved by the U.S. Department of Justice’s Antitrust Division in May. The deal also initiates […]

June 12, 2017

Dealers

Business Roundup: Ritchie Bros. cleared for IronPlanet purchase; OSHA injury reporting rule suspended; Finning Q1 earnings; Takeuchi adds Kirby-Smith; Digga partners with Berlon

DOL suspends OSHA rule requiring companies electronically report injuries and illnesses The Department of Labor has suspended an Occupational Safety and Health Administration (OSHA) rule requiring companies to electronically report injury and illness records, which keeps the records from being publicly disclosed, The Washington Post reports. The rule, which took effect Jan. 1, requires employers to send in their summary data […]

May 30, 2017

Dealers

Cleared for IronPlanet purchase, Ritchie Bros. CEO talks people, Cat alliance, impact

The U.S. Department of Justice’s Antitrust Division has cleared Ritchie Bros.’ proposed purchase of IronPlanet announced last August. The estimated $758.5 million purchase sets the stage for potential combined online sales of $3 billion annually. The acquisition could close “in the next few weeks” with a new organization structure announced following. Ritchie Bros. CEO Ravi Saligram […]

May 23, 2017

Dealers

Business Roundup: Terex’s streamlined strategy; Peterson Manufacturing adds sales agencies; IronDirect enters reman market; Ritchie Bros. breaks Texas records; 2017 Contractor of the Year

Terex CEO lays out streamlined company’s new strategy After years of acquisitions and divestitures, Terex Corp. has narrowed its focus to three key markets and is setting the course for growth in the specific niches in which it will continue to play. “It has been a very dynamic and exciting time for Terex,” noted John Garrison, […]

March 21, 2017

Dealers

Ritchie Bros. breaks record at Fort Worth auction with more than $75 million in sales

Ritchie Bros. reports its Fort Worth, Texas, auction March 15-16 broke records for the location in sales, number of bidders, sellers and lots. The company reports sales of more than $75 million, 5,675 online and in-person bidders, and more than 6,250 pieces of equipment and trucks sold. Ninety-two percent of the purchase value ($69 million) […]

March 20, 2017

Dealers

A look inside Ritchie Bros.’ record-breaking 2017 Orlando auction (PHOTOS, VIDEO)

While Ritchie Bros. was reaching records for total number of bidders and sellers at its annual February Orlando auction last week, company management provided a few trade press members some behind-the-scenes view of how they make it function and future enhancements. First, some stats. The total bidders surpassed a record 10,400, including a record 5,950 […]

February 28, 2017

Dealers

Business Roundup: News on Euro Auctions, Yoder & Frey, Ritchie Bros., compact track loader sales, top news stories of 2016

Year in Review: The Biggest Construction Equipment News Stories of 2016 While everyone has their sights on ConExpo in March, it might be easy to overlook what a busy year 2016 turned out to be. Here’s an quick overview, plus a timeline, of what happened in the construction equipment industry last year. Bonus: check out our […]

January 2, 2017

Dealers

Ritchie Bros. Auctioneers Nov. metrics show more than 3% GAP growth

Ritchie Bros. Auctioneers’ latest monthly auction metrics show an increase of 3.1 percent in reported growth auction proceeds (GAP) for November 2016 compared to the same month last year. This figure represents and increase of $7 million. Organic GAP growth for the same period is reported at 3.6 percent, or $8 million. The organic growth […]

December 26, 2016

Dealers

Terry Dolan exits as president of Ritchie Bros. U.S., Latin America

Terry Dolan will step down from his position at Ritchie Bros. Auctioneers as president of U.S. and Latin America operations effective Dec. 31. “I would like to thank Terry for his contributions to the company and wish him much success in his future endeavors,” says CEO Ravi Saligram. The company reports Saligram will take over as interim president […]

December 23, 2016

Business

Year in Review: The Biggest Construction Equipment News Stories of 2016

While everyone has their sights on ConExpo in March, it might be easy to overlook what a busy year 2016 turned out to be. Here’s an quick overview, plus a timeline, of what happened in the construction equipment industry last year. Bonus: check out our editors’ quick predictions for 2017 on page 30. (Note: In order to meet […]

December 22, 2016