RB Global Inc Completes Acquisition of J.M. Wood Auction Co., Enhancing Service Offerings in Alabama and Neighboring States.

RB Global Inc (RBA) has completed its acquisition of J.M. Wood Auction Co., enhancing service offerings in Alabama and neighboring states through the combination of J.M. Wood's regional expertise and Ritchie Bros.' global scale and technology. The acquisition preserves J.M. Wood's industry expertise and customer-focused legacy while integrating Ritchie Bros.' global network and digital capabilities. However, integration challenges and market uncertainties may arise. The acquisition is a strategic investment aimed at expanding market reach and enhancing service capabilities, potentially leading to increased revenue streams and market penetration.

RB Global Inc. (RBA) has completed its acquisition of J.M. Wood Auction Co., a strategic move aimed at enhancing service offerings in Alabama and neighboring states. The acquisition combines J.M. Wood's regional expertise and customer-focused legacy with Ritchie Bros.' global scale and digital capabilities.

Founded in 1973, J.M. Wood has built a strong reputation for providing a personal and professional auction experience. The company will maintain its Montgomery headquarters and in-person auction format, while benefiting from Ritchie Bros.' global network and technology. Jim Kessler, Chief Executive Officer of RB Global, stated, "Both Ritchie Bros. and J.M. Wood have spent decades building trust through integrity, relationships, and a deep understanding of customers' businesses. We're thrilled to welcome their team and collaborate to preserve their deep industry expertise, regional and sectoral strength, and customer-focused legacy while also tapping into Ritchie Bros.' global network, digital capabilities, and suite of value-added services."

The acquisition is expected to enhance what both organizations do best. J.M. Wood's regional expertise, sectoral strength, and customer relationships will be complemented by Ritchie Bros.' scale and technology. This combination aims to create more opportunities and deliver more value for customers.

RB Global, a leading omnichannel marketplace and trusted provider of value-added insights, services, and transaction solutions, serves customers worldwide across various asset classes. The acquisition is a strategic investment aimed at expanding market reach and enhancing service capabilities, potentially leading to increased revenue streams and market penetration.

However, integration challenges and market uncertainties may arise. The acquisition is subject to risks and uncertainties, including the ability to drive shareholder value, potential growth and market opportunities, and the impact of economic conditions on the business. RB Global 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.

References:
[1] https://financialpost.com/pmn/business-wire-news-releases-pmn/ritchie-bros-completes-acquisition-of-j-m-wood-auction-co
[2] https://www.morningstar.com/news/business-wire/20250714917471/ritchie-bros-completes-acquisition-of-jm-wood-auction-co