Ritchie Bros. Announces Dates for February 2025 Orlando, FL Event

Rhea-AI Summary

Ritchie Bros. Auctioneers has announced its premier global auction event in Orlando, FL, scheduled for February 17-21, 2025. The event, which combines live and online bidding, will be held at their 200+ acre facility. The 2024 edition attracted 22,000 buyers from over 80 countries, featuring 16,500 items from more than 1,100 consignors, generating over US$258 million in Gross Transaction Value. The event offers flexible selling options including virtual selling and onsite consignment, while showcasing Ritchie Bros.' core products and additional value-added services.

Positive

• 2024 event generated US$258 million in Gross Transaction Value
• Significant scale with 22,000 buyers and 16,500 items in 2024
• Global reach attracting buyers from over 80 countries
• Flexible selling options through virtual and onsite channels

Negative

• None.

Industry leader now accepting consignments for world’s premier online and onsite equipment auction

ORLANDO, Fla. & WESTCHESTER, Ill.--(BUSINESS WIRE)-- 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 Ritchie Bros. Auctioneers will host its premier global auction event in Orlando, FL, from February 17 to 21, 2025. Known for its size, expansive selection of equipment and premier customer experience, this annual event attracts consignors and bidders from all over the world while generating hundreds of millions of dollars for consignors each year. Sellers have their choice of flexible selling options whether delivering their assets to our 200+ acre, world-class facility or leveraging our virtual selling option.

“Our February Orlando auction is one of the most anticipated events in the equipment industry, drawing attention not only from local buyers and sellers but also across the North American and international markets,” said Jeff Jeter, Chief Revenue Officer at RB Global. “This unparalleled premier auction event drew buyers from more than 80 countries last year, combining the excitement of live bidding with the efficiency of advanced technology that expands the available market and creates efficiencies for our online and onsite customers.”

Bidding for the February 2025 Orlando auction will be available online and in-person, with a live auctioneer and bid catchers onsite. While onsite in Orlando, customers will also be able to explore Ritchie Bros.’ core products and services, as well as a variety of other value-added services and solutions.

“We are thrilled to welcome customers to Orlando for this can’t-miss event that is far more than just an auction,” Jeter said. “The 2024 event was a tremendous success, with 22,000 buyers bidding on over 16,500 items from more than 1,100 consignors, generating over US$258 million in Gross Transaction Value. We’re excited to see what 2025 has in store and look forward to another incredible year.”

For more information about the February 2025 Orlando auction, including details about consignments, visit rbauction.com.

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.

Forward-Looking Statements

Certain statements contained in this release include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”) and Canadian securities laws. Forward-looking statements are typically identified by such words as “aim”, “anticipate”, “believe”, “could”, “continue”, “estimate”, “expect”, “intend”, “may”, “ongoing”, “plan”, “potential”, “predict”, “will”, “anticipates”, “should”, “would”, “could”, “likely”, “generally”, “future”, “long-term”, “foresees”, “estimates”, “opportunity” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially. These statements are based on our current expectations and estimates about our business and markets, and may include, among others, statements relating to the Ritchie Bros. Auctioneers (America), Inc. February 2025 auction event in Orlando (FL), and other subjects of this release, our future strategy, objectives, targets, projections and performance and other statements that are not historical facts. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of RB Global’s common shares. Therefore, you should not place undue reliance on any such statements, and caution must be exercised in relying on forward-looking statements. While RB Global’s management believes the assumptions underlying these forward-looking statements are reasonable, these forward-looking statements involve certain risks and uncertainties, many of which are beyond RB Global’s control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: our results of operations, strategy and plans; potential adverse reactions or changes to our business or employee relationships; our ability to integrate acquisitions (including IAA, Inc. ), the diversion of management time on transaction-related issues; the ability of RB Global to retain and hire key personnel and employees; the significant costs associated with the merger; the outcome of any legal proceedings that could be instituted against RB Global; changes in capital markets and the ability of the company to generate cash flow and/or finance operations in the manner expected or to de-lever in the timeframe expected; the failure of RB Global to meet financial forecasts and/or KPI targets; legislative, regulatory and economic developments affecting the business of RB Global; general economic and market developments and conditions; the evolving legal, regulatory and tax regimes under which RB Global operates; unpredictability and severity of catastrophic events, including, but not limited to, weather, pandemics, acts of terrorism or outbreak of war or hostilities, as well as RB Global’s response to any of the aforementioned factors. Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in RB Global’s periodic reports and other filings with the Securities and Exchange Commission (“SEC”) and/or applicable Canadian securities regulatory authorities, including the risk factors identified under Part I, Item 1A “Risk Factors” in RB Global’s most recent Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the SEC, including subsequent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. The forward-looking statements included in this release are made only as of the date hereof. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Many of these risk factors are outside of our control, and as such, they involve risks which are not currently known that could cause actual results to differ materially from those discussed or implied herein. RB Global does not undertake any obligation to update any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241029630977/en/

RB Global Contacts

Media Inquiries:

Val Alitovska | RB Global, Inc.

Director, Corporate Communications

(312) 505-9900

valitovska@rbglobal.com

Analyst Inquiries:

Sameer Rathod | RB Global, Inc.

VP, Investor Relations/Market Intelligence

(510) 381-7584

srathod@rbglobal.com

Source: RB Global

FAQ

When is Ritchie Bros. (RBA) Orlando 2025 auction event?

The Ritchie Bros. Orlando auction event will be held from February 17 to 21, 2025.

How much revenue did Ritchie Bros. (RBA) generate in their 2024 Orlando auction?

The 2024 Orlando auction generated over US$258 million in Gross Transaction Value.

How many buyers participated in Ritchie Bros. (RBA) 2024 Orlando auction?

The 2024 Orlando auction attracted 22,000 buyers who bid on over 16,500 items from more than 1,100 consignors.

Where will the Ritchie Bros. (RBA) 2025 Orlando auction be held?

The auction will be held at Ritchie Bros.' 200+ acre facility in Orlando, Florida, with both online and in-person bidding options available.