Ritchie Bros. operates a global marketplace for used heavy equipment, trucks and industrial assets, combining physical auction sites with digital platforms. Founded in 1958 by brothers Ken, Dave and John Ritchie in Kelowna, British Columbia, the company conducted its first equipment auction in 1963 in Radium Hot Springs, British Columbia. It is publicly traded on both the NYSE and TSX under the ticker RBA, and is legally domiciled in Canada, with its global headquarters in Westchester, Illinois.
The company runs auction sites in 13 countries and serves customers in more than 170 countries across verticals including construction, transportation, agriculture, energy, mining and government. Ritchie Bros. claims to have pioneered the unreserved auction model, which it describes as an industry standard. Its technology stack spans online marketplace platforms, valuation tools, market analytics and logistics, underpinning a portfolio of transaction solutions that includes RB Auction, IronPlanet, Marketplace-E, GovPlanet, SalvageSale and IAA.
Beyond transactions, Ritchie Bros. offers end-to-end services through dedicated business lines, including financing via Ritchie Bros. Financial Services and asset refurbishment and logistics. The company operates as part of the broader RB Global group, blending a decades-long physical auction presence with an expanding digital infrastructure that connects sellers and buyers across the global heavy equipment market.
