[Brisbane, Australia – March 31, 2025] – Ritchie Bros. is proud to celebrate its 30th anniversary in Australia, marking three decades of auctions, partnerships, and industry leadership. Since hosting its first auction at its permanent site in Geelong in 1995, Ritchie Bros. has played a pivotal role in the Australian equipment industry, facilitating billions in asset sales and revolutionising how businesses buy and sell heavy equipment.
To commemorate this milestone, Ritchie Bros. will host a special LIVE National Unreserved End-of-Financial-Year (EOFY) Auction in Geelong, bringing back the live auction format for this event. This event is expected to take place June 18–20. This exciting event will feature a premium selection of equipment, offering buyers an exclusive opportunity to access top-tier assets in a dynamic and competitive environment.
Some early consignments have already been committed, including significant earthmoving equipment and transport packages, featuring late-model Kenworths. Buyers will be able to inspect the assets located in the eight Australian yards and also online.
“For this special occasion, we are excited to bring back the live auction experience while seamlessly integrating it with the power of digital innovation. We remain committed to serving our customers and ensuring an exceptional experience at every auction,” said Dom McGlinchey, APAC Sales Director at Ritchie Bros.
Three Decades of Growth and Innovation
Over the past 30 years, Ritchie Bros. has significantly expanded its presence and service offerings in Australia. From its first yard in Wacol in 1995, the company has grown to operate eight locations across the country—Yatala, Geelong, Perth, Dubbo, Mittagong, Adelaide, Townsville and Newcastle.
From a small group in 1995, Ritchie Bros. has evolved now into a team of over 100 experts across inspection, sales, marketing, logistics, title management, and customer support, all dedicated to delivering outstanding service every step of the way.
Throughout this period, the company has continually advanced, introducing cutting-edge technology to streamline the buying and selling process. Significant innovations include the launch of online bidding platforms, enabling buyers to participate in auctions from anywhere in the world; real-time market insights, providing data-driven decision-making tools for buyers and sellers; and AI-powered asset valuations, enhancing pricing accuracy. These advancements have reinforced Ritchie Bros.' position as a leader in the industry, ensuring a seamless and efficient experience for customers.
“As we mark 30 years in Australia, we take pride in the strong relationships we’ve built and the trust of our customers,” said Ghislaine Duijmelings — General Manager, APAC & EMEA at Ritchie Bros. “This special live event in Geelong celebrates our past while setting the stage for our future, as we continue evolving and leveraging technology to better serve the industry.”
A Legacy of Record-Breaking Auctions
Over the years, Ritchie Bros. has helped thousands of businesses and individuals acquire and sell equipment with confidence. “Our growth over the past three decades reflects our unwavering dedication to delivering a world-class marketplace, driven by solutions that prioritise our customers,” said Finlay Massey, Vice President of Global Sourcing at Ritchie Bros. “In 2024 alone, we sold over 15,494 lots in Australia, further solidifying our role as a trusted leader in the equipment industry. We are dedicated to continuing to meet the changing needs of our customers.”
Join Us
The Live National Unreserved EOFY Auction in Geelong will be an unforgettable event, reinforcing Ritchie Bros.' leadership in the Australian equipment industry and demonstrating its continued commitment to innovation and excellence.
For media inquiries, interview opportunities, or further insights into Ritchie Bros.' impact and growth in Australia over the past three decades, please contact: Siobhan Daglish, APAC Marketing Manager at Ritchie Bros.: sdaglish@ritchiebros.com
About Ritchie Bros.
Ritchie Bros., an RB Global, Inc. (NYSE: RBA) (TSX: RBA) company, is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The company’s end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread. For more information about RB Global, visit ww.rbglobal.com.
Forward-Looking Statements:
Certain statements contained in this release include “forward-looking statements” within the meaning of U.S. federal securities laws and “forward-looking information” within the meaning of Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements herein include, in particular, statements relating to the special live National Unreserved Auction in Geelong, Australia, and other subjects of this release that are not historical facts. Forward-looking statements are typically identified by such words as “aim”, “anticipate”, “believe”, “could”, “continue”, “estimate”, “expect”, “intend”, “may”, “ongoing”, “plan”, “potential”, “predict”, “will”, “should”, “would”, “could”, “likely”, “generally”, “future”, “long-term”, or the negative of these terms, and similar expressions intended to identify forward-looking statements. 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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, including but not limited to risks and uncertainties relating to: our ability to drive shareholder value; potential growth and market opportunities; the level of participation in our auctions and the success of our online marketplaces; our ability to grow our businesses, acquire new customers, enhance our sector reach, drive geographic depth, and scale our operations; the impact of our initiatives, services, investments, and acquisitions on us and our customers; the acquisition or disposition of properties; potential future mergers and acquisitions; our ability to integrate acquisitions; our future capital expenditures and returns on those expenditures; our ability to add new business and information solutions, including, among others, our ability to maximize and integrate technology to enhance our existing services and support additional value-added service offerings; the supply trend of equipment and vehicles in the market and the anticipated price environment, as well as the resulting effect on our business and Gross Transaction Value (“GTV”); our compliance with laws, rules, regulations, and requirements that affect our business; effects of various economic, financial, industry, and market conditions or policies, including inflation, the supply and demand for property, equipment, or natural resources; the behavior of commercial assets and vehicle pricing; the relative percentage of GTV represented by straight commission or underwritten (guarantee and inventory) contracts, and its impact on revenues and profitability; our future capital expenditures and returns on those expenditures; the effect of any currency exchange and interest rate fluctuations on our results of operations; the effect of any tariffs on our results of operations; the grant and satisfaction of equity awards pursuant to our compensation plans; any future declaration and payment of dividends, including the tax treatment of any such dividends; financing available to us from our credit facilities or other sources, our ability to refinance borrowings, and the sufficiency of our working capital to meet our financial needs; our ability to satisfy our present operating requirements and fund future growth through existing working capital, credit facilities and debt; misappropriation of data or cybersecurity incidents; and, failure to comply with privacy and data protection laws. Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in “Part I, Item 1A: Risk Factors”, and the section titled "Summary of Risk Factors", in our Annual Report on Form 10-K for the year ended December 31, 2024, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the Securities and Exchange Commission, including subsequent Quarterly Reports on Form 10-Q 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.