RB Global Inc (RB Global), formerly Ritchie Bros Auctioneers Inc, is an auctioneer, that offers industrial equipment to on-site and online bidders. The company sells a range of used and unused industrial assets, including earthmoving equipment, truck trailers, oil and gas equipment and other assets. Its products find applications in the construction, transportation, agricultural, material handling, mining, forestry, petroleum, and marine industries, through unreserved public auctions. RB Global also provides Mascus online services. Its customers include both the buyers and sellers of equipment, trucks and other industrial assets. The company operates in South America, North America, Asia Pacific and Europe. RB Global is headquartered in Burnaby, British Columbia, Canada.
Headquarters
United States of America
Address
Two Westbrook Corporate Center, Suite 500, Westchester, Illinois, 60154
Website
www.rbauction.com
Telephone
1 778 3315500
No of Employees
2,800
Industry
Business and Consumer Services
Ticker Symbol & Exchange
RBA (NYSE)
Revenue (2022)
$1.7B
22.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
110.5%
(2022 vs 2021)
Market Cap*
$13.4B
Net Profit Margin (2022)
XYZ
72.0%
(2022 vs 2021)
* As of and is in US$
RB Global Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Industrial Equipment Auctions |
| On-site Auction Services |
| Rouse Appraisal Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In September, SmartEquip launched SmartEquip e-Commerce Store 2.0 platform. |
| 2023 | Corporate Changes/Expansions | In May, the company changed its name to RB Global Inc. |
| 2023 | Acquisitions/Mergers/Takeovers | In March, the company acquired the US-based IAA Inc. |
Competitor Comparison
| Key Parameters | RB Global Inc | Finning International Inc | Generac Holdings Inc | Copart Inc | CoStar Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Canada | United States of America | United States of America | United States of America |
| City | Westchester | Vancouver | Waukesha | Dallas | Washington |
| State/Province | Illinois | British Columbia | Wisconsin | Texas | WashingtonD.C. |
| No. of Employees | 2,800 | 12,452 | 9,160 | 10,200 | 5,653 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Erik Olsson | Chairman | Executive Board | 2021 | 60 |
| Jim Kessler | Chief Executive Officer | Senior Management | 2023 | 50 |
| Eric J. Guerin | Chief Financial Officer | Senior Management | 2024 | - |
| Kevin Geisner | Chief Strategy Officer | Senior Management | 2020 | 53 |
| Matt Ackley | Chief Marketing Officer | Senior Management | 2019 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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