About Ritchie Bros
Ritchie Bros is a company based in Valley Falls (United States) founded in 1958.. Ritchie Bros has completed 10 acquisitions, including Asset Auctions, Euro Auctions and Insurance Auto Auctions. Ritchie Bros operates in a competitive market with competitors including Machinio, Purple Wave, SalvageSale, EquipmentFacts.com and Jeff Martin Auctioneers, among others.
- Headquarter Valley Falls, United States
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Sectors
Real Estate & ConstructionIndustrial Goods & Manufacturing Retail
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
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Investments & Acquisitions
Asset Auctions
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Software Development Team
69 people
Sales and Marketing
66 people
Operations Team
22 people
Leadership Team
14 people
Finance and Accounting
13 people
Senior Team
10 people
Product Management Team
9 people
Human Resources and Administration
4 people
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Funding Insights of Ritchie Bros
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Ritchie Bros
Ritchie Bros has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Asset Auctions, Euro Auctions and Insurance Auto Auctions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Auction management systems are provided for businesses in various industries.
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2009 | ||||
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Limited information available
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2008 | ||||
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Online marketplace offering sale of used heavy equipment and machinery
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ritchie Bros
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ritchie Bros Comparisons
Competitors of Ritchie Bros
Ritchie Bros operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Machinio, Purple Wave, SalvageSale, EquipmentFacts.com and Jeff Martin Auctioneers, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Used heavy machinery is traded via an online auction marketplace.
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| domain | founded_year | HQ Location |
Used equipment is auctioned online via a dedicated platform.
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| domain | founded_year | HQ Location |
Heavy equipment and machinery are auctioned through an online marketplace.
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| domain | founded_year | HQ Location |
Online auction platform for construction equipment is managed.
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| domain | founded_year | HQ Location |
Provides online and live auctions for heavy equipment and vehicles.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ritchie Bros
Frequently Asked Questions about Ritchie Bros
When was Ritchie Bros founded?
Ritchie Bros was founded in 1958.
Where is Ritchie Bros located?
Ritchie Bros is headquartered in Valley Falls, United States.
What does Ritchie Bros do?
Ritchie Bros was founded in 1958 and is headquartered in Valley Falls, United States. An auction-based marketplace for heavy equipment is operated, with a catalog encompassing trucks, drillers, forklifts, dozers, grain handling equipment, tractors, telescopic handlers, and related items. Users are enabled to browse new equipment, track listings, receive alerts, view live auction streams, and place bids. A mobile application is provided for both Android and iOS devices.
Who are the top competitors of Ritchie Bros?
Ritchie Bros's top competitors include Purple Wave, Machinio and EquipmentFacts.com.
How many acquisitions has Ritchie Bros made?
Ritchie Bros has made 10 acquisitions, including Asset Auctions, Euro Auctions, and Insurance Auto Auctions.
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