Ritchie Bros. Strengthens Position by Acquiring Equipment Auctioneer J.M. Wood
Overview of the Acquisition RB Global, the parent company of Ritchie Bros. Auctioneers, has successfully acquired J.M. Wood Auction Co., a major player in the U.S. equipment auction market. This strategic move is expected to enhance the expertise and reach of Ritchie Bros., reflecting their commitment to expanding their operations while maintaining a focus on customer relationships. Strengthening Industry Relationships Jim Kessler, the CEO of RB Global, highlighted the long-standing tradition of both companies in building trust. “Both Ritchie Bros. and J.M. Wood have spent decades building trust through integrity, relationships and a deep understanding of customers’ businesses,” Kessler
