Mr. Jim Kessler reports

RB GLOBAL TO ACQUIRE BIGIRON, ACCELERATING STRATEGIC EXPANSION INTO U.S. AGRICULTURE

RB Global Inc. has entered into a definitive agreement to acquire Big Iron Auction Company, accelerating the company's strategic expansion into U.S. agriculture.

BigIron is a scaled, agriculture-focused on-line marketplace connecting buyers and sellers of agricultural equipment, land, livestock, and other farm and ranch assets. Embedded in the communities it serves across rural America, BigIron's digital platform is trusted by farmers, landowners and rural enterprises. BigIron processed roughly $885-million in gross transaction value (GTV), including roughly $520-million from commercial assets and vehicles and $365-million from agriculture land and real estate transactions and is supported by a highly engaged bidder base.

"BigIron brings a talented team with deep ag sector knowledge and an established sales footprint that will continue operating as a stand-alone brand while being complemented by the Ritchie Bros. industrial footprint. This will create opportunities to serve even more customers through a combination of onsite, offsite, and digital channels and solutions," said Jim Kessler, chief executive officer of RB Global.

"We are proud of our team's tremendous work to establish BigIron as a leading auction marketplace for farmers, landowners and rural businesses," said Mark Stock, co-founder of BigIron. "RB Global values our culture and shares our respect for the agricultural community. Through this combination, we gain a larger platform and additional resources, which is expected to help us deliver even greater choice and liquidity to all the sellers we serve."

Mr. Stock said: "Since our founding in 1984, we have remained steadfast in our commitment to providing an honest, trustworthy auction. We look forward to continuing our mission to serve our sellers, buyers and employees for years to come and to continue operating BigIron as a stand-alone brand with Mark and I involved in the business as usual."

The transaction is expected to be completed in the second half of 2026, subject to customary closing conditions and regulatory approvals. Until closing, RB Global and BigIron will continue to operate as independent companies in the ordinary course.

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.

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