Mr. Jim Kessler reports

RB GLOBAL TO EXPAND PRESENCE WITH ACQUISITION OF J.M. WOOD AUCTION CO.

RB Global Inc. has entered into a definitive agreement under which RB Global will acquire J.M. Wood Auction Co. Inc. The company currently expects the acquisition to be completed in the second quarter of 2025, subject to customary closing conditions, including required regulatory clearances.

"Our shared values and culture align naturally, particularly in our commitment to putting our partners and customers first," said Jim Kessler, chief executive officer of RB Global. "This move enhances our geographic coverage in Alabama and adjacent states and brings along the Wood family and their talented team of sales professionals with deep local relationships on board. Together, we are building on a strong foundation to better service our customers."

J.M. Wood focuses on commercial construction and transportation assets and has deep experience with municipal customers.

"We are excited about this new partnership with RB Global and the Ritchie Bros. team," said Bryant Wood, president of J.M. Wood. "Ritchie Bros. has strong roots in the equipment industry, and they run their business just like we always have: by doing what we say. Our team is one of the strongest in the industry and we believe this collaboration will be exciting to witness. On behalf of the J.M. Wood family, we are honoured to be able to continue this heritage alongside the Ritchie Bros. team for many years to come."

"This endeavour is strategic for both J.M. Wood and Ritchie Bros.," said Russ Wood, vice-president of J.M. Wood. "As part of RB Global, Ritchie Bros. offers J.M. Wood a greater footprint, along with an infusion of technology, services and resources, for our buyers and sellers. Our J.M. Wood team brings along incredibly deep industry knowledge and a hard-working family culture that is aligned with how Ritchie Bros. was founded."

Founded in 1973, J.M. Wood has leveraged its culture of innovation and entrepreneurial thinking to build a strong reputation for providing a personal and professional auction experience for each of its customers. As an extension of that legacy, J.M. Wood will continue to operate as is and maintain its headquarters in Montgomery, Ala., for the foreseeable future.

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.

We seek Safe Harbor.