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Exhibiting at International Food & Drink Event (IFE) 2025

518
ExCeL London
17 Mar - 19 Mar, 2025

Product Offerings

Products:

Auction Services: Ritchie Bros. Auctioneers, IronPlanet, Marketplace-E, GovPlanet, SalvageSale

Financial Services: Ritchie Bros. Financial Services

Asset Management: Rouse Services

Technology Solutions: SmartEquip, Xcira

Transportation Services: VeriTread

RB Global, Inc. is a leading omnichannel marketplace and solutions provider serving the heavy equipment, commercial truck, and industrial assets sectors worldwide. Headquartered in Westchester, United States, RB Global operates across a diversified platform that includes auctions, financial services, asset management, and technology solutions. With a history rooted in the success of Ritchie Bros. Auctioneers, the company has evolved into a publicly traded enterprise that delivers end-to-end solutions for asset lifecycle management.

Core Business and Role

RB Global functions as a unified ecosystem that helps customers buy, sell, manage, appraise, finance, and transport industrial assets. Its services extend across numerous verticals including construction, agriculture, energy, transportation, and government surplus. The company is recognized for its omnichannel capabilities that integrate both physical and digital marketplaces, streamlining transactions on a global scale.

Product and Service Offerings

RB Global's suite of products and services spans multiple domains:

  • Auction Services:

    • Ritchie Bros. Auctioneers: Live onsite auctions
    • IronPlanet: Online auctions for used equipment
    • Marketplace-E: Reserved online listings
    • GovPlanet: Government surplus auctions
    • SalvageSale: Insurance salvage equipment sales
  • Financial Services:

    • Ritchie Bros. Financial Services: Equipment financing, loans, and leasing options
  • Asset Management Solutions:

    • Rouse Services: Asset appraisal, pricing intelligence, rental metrics
  • Technology Platforms:

    • SmartEquip: E-commerce and parts procurement platform
    • Xcira: Auction software and bidding platforms
  • Logistics:

    • VeriTread: Transportation marketplace for heavy equipment

Specialisation and USP

RB Global’s unique selling proposition lies in its integrated, full-spectrum marketplace model that combines auction, retail, and private treaty sales with financial and logistical support. The company distinguishes itself with:

  • Real-time global bidding systems
  • Flexible transaction models (unreserved auctions, buy-now options, reserved listings)
  • End-to-end asset lifecycle services
  • Data intelligence and equipment valuation tools
  • Regulatory compliance for government contracts and cross-border transactions

Financials

RB Global (NYSE: RBA, TSX: RBA) is a publicly traded company. Key financial indicators from its 2023 Annual Report include:

  • Revenue: $1.91 billion USD (2023), a 16% increase YoY
  • Net Income: $316 million USD
  • Gross Transaction Value (GTV): $7.7 billion USD
  • Adjusted EBITDA: $778 million USD
  • Total Assets: $6.4 billion USD

Its merger with IAA, Inc. in 2023 further expanded the company’s footprint in the vehicle remarketing space, creating synergies projected to exceed $250 million in the next three years.

Shipment and Trade Insights

RB Global facilitates the shipment and global movement of tens of thousands of equipment units annually through its integrated logistics services. Highlights include:

  • Over 500,000 assets sold in 2023
  • Equipment buyers from 190+ countries
  • 25+ auction sites across North America, Europe, the Middle East, and Asia-Pacific
  • Average auction size: $20–$60 million USD in transaction volume

RB Global’s VeriTread platform provides instant freight quotes and end-to-end transport management, supporting international shipment optimization for heavy equipment.

Target Market

RB Global serves a diverse customer base including:

  • Construction and mining companies
  • Equipment rental businesses
  • Government agencies and municipalities
  • Logistics and freight providers
  • Agricultural and forestry operations
  • Insurance firms and financial institutions

The company’s dual-channel approach allows it to cater to both end-users and dealers, offering unmatched transparency and convenience.

Capabilities

  • Real-time global marketplace with multilingual support
  • Proprietary auction and bidding technology (Xcira)
  • Financing and credit solutions tailored to heavy equipment
  • AI-driven valuation tools via Rouse Services
  • SaaS integration for fleet management and procurement

Certifications and Compliance

RB Global and its platforms comply with:

  • SOX (Sarbanes-Oxley) financial regulations
  • IFRS and GAAP standards
  • ISO-certified data handling across technology systems
  • Government surplus handling standards for GovPlanet operations

These ensure RB Global meets both regulatory and customer demands across jurisdictions.

Customer Testimonials

“The ease of buying through IronPlanet’s platform was a game-changer for our procurement team.” — Logistics Manager, Construction Company (2023)

“Ritchie Bros. helped us liquidate surplus equipment across four states in under a month, achieving outstanding returns.” — Fleet Manager, US Government Contractor (2022)

Major Achievements

  • Completed $7.7 billion USD in global gross transaction value in 2023
  • Successfully merged with IAA, Inc., adding vehicle remarketing services
  • Launched Marketplace-E, generating $1.2 billion USD in sales in its first full year
  • Recognized in Forbes Global 2000 list of public companies
  • Expanded footprint in Europe and Asia-Pacific with new operational hubs

RB Global, Inc. continues to lead the digital transformation of equipment commerce, backed by data-driven insights, operational excellence, and global reach.