Ritchie Bros. Auctioneers
From Wikipedia, the free encyclopedia
| Ritchie Bros. Auctioneers | |
|---|---|
 |
|
| Type | Public (NYSE:RBA) & TSX: RBA |
| Founded | Kelowna, British Columbia |
| Headquarters | Vancouver, British Columbia |
| Key people | David Edward Ritchie, Founder, Charles E. Croft, Chairman, Peter J. Blake, CEO |
| Industry | Auctions & Industrial products distribution |
| Products | Auctions & Industrial products distribution |
| Revenue |  $315.231 million CAN (2007) |
| Website | www.rbauction.com |
Ritchie Bros. Auctioneers (NYSE: RBA & TSX: RBA), sells, through unreserved public auctions, a broad range of used and unused industrial equipment including equipment utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries. The company has been in business for 50 years.
Contents |
[edit] Profile
Established in 1958, Ritchie Bros. Auctioneers is the world's largest auctioneer of industrial equipment. The Company conducted over 350 unreserved industrial and agricultural auctions around the world in 2007, and has more than 110 offices in over 25 countries, including 38 auction sites. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets for the construction, transportation, marine, material handling, mining, forestry, petroleum, real estate and agricultural industries.
Ritchie Bros. sells more used equipment and trucks than anyone else in the world. As a result, they know the market very well. They are able to provide information and advice to companies to help in fleet management and in the sale of surplus trucks and equipment.
Every Ritchie Bros. auction is unreserved, with no minimum bids or reserve prices. Every item is sold to the highest bidder on auction day. Most auctions are broadcast live on the Company's web site, rbauction.com, enabling interested bidders to bid live and in real time over the internet, as well as in person at the auction site.
[edit] Corporate governance
Current members of the board of directors of Ritchie Bros. Auctioneers are: Charles Edward Croft (Chairman), Peter James Blake, Clifford Russell Cmolik, Eric Patel, Beverley Anne Briscoe, Robert Waugh Murdoch and Edward B. Pitoniak.
