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Ritchie Bros. Auctioneers history
Ritchie Bros. Auctioneers company history timeline
December 1997 marked another first for Ritchie Bros, when the company held its first videolink auction.
In 1998, the year that Ritchie Bros. went public, the company's annual gross auction proceeds exceeded US$1 billion for the first time ever.
In March 1999, Ritchie Bros. broadcast an auction over the Internet for the first time.
Also in 1999, Ritchie Bros. expanded to new markets in South America and Asia.
In 1991, the company achieved another milestone when it conducted its 1,000th unreserved auction. It conducted its 2,000th auction in the year 2000.
In March 2002, Ritchie Bros. introduced its real-time Internet bidding service.
As a gift to the heavy equipment industries it launched RitchieWiki in September 2008 at MINExpo International in Las Vegas, Nevada.
Ritchie Bros. celebrated its 50th anniversary in 2008.
On June 7, 2013, Ritchie Bros. celebrated 50 years since the company's first major unreserved industrial auction in Radium Hot Springs, British Columbia.
In August 2016, the company announced its plan to acquire IronPlanet, Inc., an online auction company.
In 2016, Ritchie Bros. launched its mobile app, allowing people to search, find and bid on equipment via mobile devices.
In 2018, the company launched RB Asset Solutions, a cloud-based asset management and disposition system with a complete inventory management system, data analytics and dashboards, e-commerce sites, and other functions.
The company sold more than US$297 million worth of equipment and trucks over six days (February 18–23, 2019). The auction featured more than 13,350 heavy equipment items and trucks and attracted more than 15,900 bidders from 88 countries.
In August 2021, the acquisition of Euro Auctions, a Northern Ireland auction house that buys and sells industrial plant, construction equipment and agricultural machinery for £775 million was announced.
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Ritchie Bros. Auctioneers competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| PSC Metals | 1889 | $600.0M | 3,000 | - |
| American Metric | - | $22.0M | 350 | - |
| Producers Cooperative Association | 1943 | $2.6M | 7 | - |
| Munro Shoes | 1972 | $160.0M | 1,200 | - |
| Golden Malted Waffles & Pancakes | 1937 | $50.0M | 50 | - |
| Mud Pie | 1988 | $690,000 | 50 | 7 |
| Crdn | - | $870,000 | 35 | 4 |
| SiteOne Landscape Supply | 2001 | $4.5B | 3,000 | 210 |
| Ohio Valley Flooring | 1982 | $110.0M | 91 | - |
| Service Partners | 1998 | $190.0M | 750 | - |
Ritchie Bros. Auctioneers history FAQs
Zippia gives an in-depth look into the details of Ritchie Bros. Auctioneers, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ritchie Bros. Auctioneers. The employee data is based on information from people who have self-reported their past or current employments at Ritchie Bros. Auctioneers. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Ritchie Bros. Auctioneers. The data presented on this page does not represent the view of Ritchie Bros. Auctioneers and its employees or that of Zippia.
Ritchie Bros. Auctioneers may also be known as or be related to Ritchie Bros Auctioneers, Ritchie Bros. Auctioneers and Ritchie Bros. Auctioneers (America) Inc.