Strong Financial Performance
Adjusted EBITDA increased by 16% on a 7% increase in gross transactional value. This performance was driven by a 9% increase in unit volume in the automotive sector and a 14% year-over-year growth in the commercial construction and transportation sector.
Expansion of GSA Partnership
The partnership with the U.S. General Services Administration (GSA) has been expanded to provide disposition services for approximately 35,000 remarketed vehicles annually, marking a comprehensive service offering for the GSA.
Operational Efficiency Enhancements
Operational improvements led to on-time tow and total performance rates of 99.7% and 99.8%, respectively. The company has also increased yard capacity by approximately 25% through process improvements.
Strategic Acquisition in Australia
A definitive agreement to acquire Smith Broughton Auctioneers and Allied Equipment Sales for approximately $38 million enhances RB Global’s geographic footprint in Western Australia.
New Operating Model
A new operating model is expected to generate over $25 million in total run rate savings by the second quarter of 2026, focusing on clarity, efficiency, and strategic oversight.