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RB Global Acquires J.M. Wood Auction Co. for $235M

Story Highlights
  • RB Global’s subsidiary agreed to acquire J.M. Wood Auction Co. for $235 million.
  • The acquisition, announced on March 11, 2025, is subject to antitrust clearance and aims to enhance RB Global’s industry position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RB Global Acquires J.M. Wood Auction Co. for $235M

An update from RB Global ( (TSE:RBA) ) is now available.

On March 10, 2025, RB Global’s subsidiary, Ritchie Bros. Auctioneers, entered into an Equity Purchase Agreement to acquire all outstanding membership interests in J.M. Wood Auction Co., Inc. for $235 million, subject to adjustments. The acquisition, announced on March 11, 2025, is contingent upon customary closing conditions, including antitrust clearance, and aims to strengthen RB Global’s position in the auction industry.

More about RB Global

RB Global, Inc. operates in the auction industry, primarily through its subsidiary Ritchie Bros. Auctioneers (America) Inc. The company focuses on the acquisition and sale of auction companies, enhancing its market presence and operational capabilities.

YTD Price Performance: 10.64%

Average Trading Volume: 981,744

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $18.41B

Find detailed analytics on RBA stock on TipRanks’ Stock Analysis page.

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