Ritchie Bros.

Ritchie Bros. runs the world's largest marketplace for used heavy equipment, trucks and industrial assets, and the business is underpinned by a substantial technical estate: online marketplace and digital platform engineering, auction technology, valuation tools, market insights and data analytics, financing systems and logistics. The company is publicly traded (NYSE and TSX: RBA) and is part of RB Global, serving customers in more than 170 countries through a portfolio that includes RB Auction, IronPlanet, Marketplace-E, GovPlanet, SalvageSale and IAA, alongside Ritchie Bros. Financial Services and data-driven valuation products.

The scale of the transaction base shapes the engineering work. Auction sites operate in 13 countries, and the platform supports buying, selling, valuation, financing, refurbishing and logistics as an end-to-end flow. Industry verticals served include construction, transportation, agriculture, energy, mining and government, with dedicated channels for surplus government equipment and salvage assets. Valuation tools and market insights draw on transaction data to support pricing decisions across these markets.

The company was founded in 1958 by three brothers - Ken, Dave and John Ritchie - in Kelowna, British Columbia, initially to settle a bank note tied to their furniture store. Its first equipment auction was held in 1963 in Radium Hot Springs, British Columbia. The firm pioneered the unreserved auction model, which became an industry standard. It is legally domiciled in Canada, with global headquarters in Westchester, Illinois.