Acquisition deepens Ritchie Bros. presence in Western Australia’s mining and construction sectors, enhancing its national footprint and global reach.
Perth, Australia — [29 October, 2025] — Ritchie Bros., part of RB Global, a leading global marketplace for insights, services, and transaction solutions for commercial assets, today announced that it has signed an agreement to acquire Smith Broughton Auctioneers and its affiliated company, Allied Equipment Sales, pending satisfaction of closing conditions — two respected, Australian-owned businesses with strong reputations and deep roots in the equipment industry.
The acquisition unites well-established businesses that share the same core values of trust, transparency, and integrity, while strengthening Ritchie Bros.’ national presence and extending its global reach.
This milestone reflects Ritchie Bros.’ continued investment in strong, growing markets. Together, the companies will expand the organisation’s national footprint, enhance its customer reach, and accelerate its goal of being the trusted partner for equipment owners across Australia.
“Smith Broughton is a respected leader with deep roots in Western Australia,” said Finlay Massey, Vice President, International Sourcing, Ritchie Bros. “By bringing these businesses into the Ritchie Bros. network, we’re strengthening our national capabilities, connecting local expertise with our global marketplace, and delivering greater value and reach for Australian equipment owners.”
Smith Broughton Auctioneers, located at 21 Military Road, Midland WA 6056, will continue operating under its established brand. Customers will experience no change to current operations or staff, ensuring continuity and a seamless transition.
“This partnership represents the best of both worlds — global scale combined with local service,” said Darren Smith, Managing Director of Smith Broughton Auctioneers. “For more than 40 years, our customers have trusted us to deliver reliable results with integrity. Joining Ritchie Bros. enables us to continue that legacy while opening the door to new markets and opportunities.”
“Our combined capabilities create a powerful platform for customers,” said Ghislaine Duijmelings, General Manager, International, Ritchie Bros. “From local businesses in Western Australia to multinational mining operators, sellers can now access the world’s largest marketplace for industrial assets — supported by local expertise and a shared commitment to excellence.”
The integration strengthens Ritchie Bros.’ presence in the region and complements its global expertise in the civil, mining, and transport sectors, while expanding reach across Southeast Asia, the Middle East, and Africa.
The acquisition also reflects Ritchie Bros. long-term investment in Australia’s resource-rich states, aligning with the company’s growth strategy in mining, construction, and transport assets. With Smith Broughton’s expertise and local market knowledge, Ritchie Bros. now delivers an even broader range of solutions for clients looking to buy and sell equipment across multiple industries.
Together, the combined group conducts approximately 155 auctions annually across Australia, supported by a national team of more than 100 employees.
Ritchie Bros. welcomes the Smith Broughton and Allied Equipment Sales teams to its global network and looks forward to building on the legacy of trusted service and success across Western Australia.
About Ritchie Bros.
Ritchie Bros., an RB Global, Inc. (NYSE: RBA) (TSX: RBA) company, is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; and Mascus, a leading European online equipment listing service. For more information about Ritchie Bros., visit rbauction.com or for more information on RB Global, visit 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 anticipated closing of the acquisition and the benefits thereof, 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. 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 RB Global's common shares. Therefore, you should not place undue reliance on any such forward-looking statements and caution must be exercised in relying on 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, 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.