Industry leader now accepting consignments for world’s premier online and onsite equipment auction
ORLANDO, Fla. and WESTCHESTER, Ill., Oct. 30, 2023 /PRNewswire/ – RB Global, Inc. (NYSE: RBA) (TSX: RBA), a trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that Ritchie Bros. Auctioneers will host its premier global auction event in Orlando, FL, from Feb. 19 to 23, 2024. Known for its size, selection and premier customer experience, this annual event typically attracts consignors and bidders from all over the world and generates hundreds of millions of dollars for consignors each year. Consignors have their choice of flexible selling options whether their inventory is listed virtually or onsite at the more than 200-acre facility.
“Our February Orlando auction has become one of the most exciting events in the equipment industry, not only for local buyers and sellers but also across the North American and international markets,” said Jeff Jeter, Chief Revenue Officer for RB Global. “Last year, we helped connect consignors and buyers from over 80 countries, using technology that expands the available market and creates efficiencies for our online and onsite customers.”
Bidding for the February 2024 Orlando auction will be available online and in-person, with a live auctioneer and bid catchers onsite. Customers will also be able to explore Ritchie Bros.’ core products and services onsite in Orlando, as well as a variety of other value-added services and solutions.
“We are excited to welcome customers to Orlando again for this premier event that really is much more than an auction,” Jeter said. “The 2023 event proved wildly successful, with millions of page views and more than 13,300 items sold from more than 1,100 consignors. Over 22,600 bidders drove up competition, resulting in US$244 million in Gross Transaction Value. We look forward to seeing what the 2024 event brings.”
For more information about the February 2024 Orlando auction, including details about consignments, visit rbauction.com/Orlando.
RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 14 countries and digital platform, RB Global serves customers in more than 170 countries across a variety of asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining and agriculture. The company’s marketplace brands include Ritchie Bros., the world’s largest auctioneer of commercial assets and vehicles offering online bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers. RB Global’s portfolio of brands also includes Rouse Services, which provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers’ management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; Xcira, a leader in live simulcast auction technologies; and VeriTread, an online marketplace for heavy haul transport.
Certain statements contained in this release contain include forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements may include statements relating to future events and anticipated results of operations, business strategies, the expected timing and associated benefits with respect to the Ritchie Bros. Auctioneers (America), Inc. February 2024 auction event in Orlando (FL) and other subjects of this release on our business and plans regarding our growth strategies, and to our customers and company generally, and other aspects of RBA’s or IAA’s respective businesses, operations, financial condition or operating results and other statements that are not historical facts. Words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” “could,” “can,” “intends,” “target,” “goal,” “projects,” “contemplates,” “believes,” “predicts,” “potential,” “continue,” “foresees,” “forecasts,” “estimates,” “opportunity” and similar expressions 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 the combined companies or the price of RBA’s common shares. Additionally, any future event such as the one described in this Release is subject to cancellation or rescheduling for a variety of circumstances. Therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. 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Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in RBA’s periodic reports and other filings with the Securities and Exchange Commission (“SEC”) and/or applicable Canadian securities regulatory authorities, including the risk factors identified under Item 1A “Risk Factors” and the section titled “Summary of Risk Factors” in RBA’s most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and IAA’s periodic reports and other filings with the SEC, including the risk factors identified under Item 1A “Risk Factors” and the section titled “Summary of Risks Affecting our Business” in IAA’s most recent Annual Report on Form 10-K for the fiscal year ended January 1, 2023. 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. RBA 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.
SOURCE RB Global
Originally published at https://www.prnewswire.com/news-releases/ritchie-bros-announces-dates-for-february-2024-orlando-fl-event-301971890.html
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