Mr. Jeff Jeter reports

RITCHIE BROS. SELLS US $250+ MILLION OF HEAVY EQUIPMENT ASSETS AND VEHICLES IN ITS 2025 PREMIER GLOBAL AUCTION EVENT IN ORLANDO, FL

RB Global Inc.'s Ritchie Bros. Auctioneers sold 16,000-plus equipment items, trucks and vehicles at its Feb. 17 to Feb. 21 premier global auction event in Orlando, Fla., generating greater than $250-million (U.S.) in gross transaction value.

The premier global auction event attracted 19,000-plus people from 75-plus countries, with approximately 88 per cent of the equipment selling to U.S. buyers, including 23 per cent purchased by Floridians. The remaining 12 per cent of the equipment was purchased by international buyers from as far away as Australia, Singapore and Israel.

Featured equipment sold during the auction includes:

• 2007 Liebherr LTM 1400-7.1 500-ton all-terrain crane:
  • Sold for $910,000 to a buyer in North Dakota;
  • Physical selling location: St. Louis, Mo.;
• 2023 Cat 395 VG tracked excavator:
  • Sold for $900,000 to a buyer in Florida;
  • Physical selling location: Davenport, Fla. (Orlando site);
• 2020 Kenworth T880 T/A truck tractor:
  • Sold for $117,500 to a buyer in Virginia;
  • Physical selling location: Davenport, Fla. (Orlando site).

"I want to offer a huge thank you to our customers participating on site and on-line for providing the largest selection of equipment available for sale at one time and making this year's premier global auction in Orlando a major success," said Jeff Jeter, chief revenue officer at RB Global. "With 16,000-plus equipment items sold between our Orlando lot and through our virtual sales option featuring IronClad Assurance, we continue to grow our global buyer base and provide valuable returns to our sellers. We also saw strong engagement from customers on site looking to take advantage of our value-added services, like VeriTread and Ritchie Bros. Financial Services, to transport or finance the equipment they were purchasing at the Orlando sale."

About RB Global Inc.

RB Global is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The company's end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread.

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