RB Global sells $250M of heavy equipment assets in Orlando, FL auction

RB Global (RBA) announced that Ritchie Bros. Auctioneers sold 16,000+ equipment items, trucks and vehicles at its Feb. 17-21 premier global auction event in Orlando, FL, generating US$250+ million in gross transaction value GTV . The premier global auction event attracted 19,000+ people from 75+ countries, with approximately 88% of the equipment selling to U.S. buyers, including 23% purchased by Floridians. The remaining 12% of the equipment was purchased by international buyers from as far away as Australia, Singapore and Israel…”I want to offer a huge thank you to our customers participating onsite and online 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+ 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 onsite 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.”