R
Ritchie Bros
World's largest auctioneer of used construction and farm equipment
About Ritchie Bros
In 1958, three entrepreneurial brothers, Ken, John, and Dave Ritchie, embarked on a journey that would transform the auction industry. Starting in Kelowna, British Columbia, Canada, they conducted their first unreserved auction, a novel concept at the time, selling surplus inventory from their family’s furniture store. This marked the inception of Ritchie Bros. Auctioneers.
Over the years, the Ritchie brothers honed their auctioneering skills, expanding their operations beyond local borders. Their commitment to transparency and integrity in auctions set them apart, attracting a growing clientele. By the 1970s, Ritchie Bros. had established a strong foothold in North America, conducting auctions across the continent.
The pivotal moment in their journey came in 1998 when Ritchie Bros. went public, listing on the New York Stock Exchange. This move not only provided the capital needed for further expansion but also solidified their reputation as a leader in the auctioneering industry. The IPO was a testament to their growth and the trust they had built with customers worldwide.
Today, Ritchie Bros. stands as a global leader in asset management and disposition, with operations in over 20 countries. Their innovative approach, including the adoption of online auctions, has kept them at the forefront of the industry. The legacy of the Ritchie brothers lives on, as the company continues to connect buyers and sellers of heavy equipment, trucks, and other assets around the world.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 1958
- Headquarters
- Westchester, United States
- Listing
- IPO 1998
- Employees
- 2,572
- Open positions
- 286
- Dealroom signal
- 72.1/100
- Industry
- Real Estate, Food
- Sub-industry
- AgriTech
- Sector
- eCommerce & Marketplaces, Farming, Asset Management, Auction, B2b Online Marketplace
- Business model
- Manufacturing, Marketplace & ecommerce
- Client focus
- b2b, b2c
- Investment activity
- 6 companies, latest May 2026
- Capital deployed
- $3M
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO EQUITY✓Other financing | Jan 2023 | $15M | — | Starboard Value | ↗ |
| POST IPO CONVERTIBLE✓Other financing | Jan 2023 | $485M | — | Starboard Value | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Ritchie Bros is 1.2M monthly website visits, down 25% over the last three months. Ritchie Bros's team grew 23.7% over the past year.
Open positions
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| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
 TradeMachinesUsed Machinery For Sale & Industrial Equipment Auctions |
Berlin, Germany | Operational | 6 | $2M | $4.4M |
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 AgrostarLeading Indian agriculture towards a more structured and technology driven ecosystem |
Pune, India | Operational | |||
 AgrycoA website whose objective is to allow farmers to buy everything they need on their farm in one place and at the best price |
Coole, France | Operational |
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Blackmon AuctionsLittle Rock, United StatesIndustrial equipment, real estate, and vehicle auctions.
→
Insurance Auto AuctionsWestchester, United StatesWe sell lightly damaged, repairable, high grade vehicles at all IAA branches
→
veritreadMulberry, United StatesOnline shipping exchange service providing online heavy-haul solutions
→
Euro AuctionsDromore, United KingdomSpecializing in conducting unreserved auctions of Industrial Equipment and Construction Machinery
$1.1Bvaluation
machinioNew York City, United StatesUsed construction equipment, agricultural equipment and more at Machinio.com
$12Mvaluation
MascusAmsterdam, NetherlandsAn online marketplace for heavy machinery
$14Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
Starboard Value
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Ritchie Bros on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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