In December Rouse Services joined Ritchie Bros, a trusted leader in equipment, truck, and other commercial asset disposition solutions. This union will enhance the data analytics and service offerings available, as well as provide more innovative solutions to help Rouse customers run their businesses more efficiently.
Who is Ritchie Bros.?
Like Rouse, Ritchie Bros. has spent decades building its reputation as a trusted partner in the industrial equipment industry. Ritchie Bros. was founded over 60 years ago by Dave Ritchie and his brothers Ken and John. The brothers were running the family’s used furniture store in Kelowna, B.C., Canada, when, in need of cash to repay a bank loan, they held an unreserved auction. When the auction was successful, they began holding them regularly, going on from furniture to industrial and construction equipment and trucks.
From a small-town auctioneer to the largest global auction marketplace, selling over $5 billion of equipment each year, Ritchie Bros. owes its 60-year success to an unwavering belief in doing what’s right for the customer.
What does Ritchie Bros. do?
Ritchie Bros. helps customers buy and sell a wide range of used and unused equipment for construction, mining, transportation, agriculture, oil & gas, lifting & material handling, forestry & other industries. This is done by creating compelling business solutions for the world’s builders to easily and confidently exchange equipment. Ritchie Bros. has moved from being strictly an auction company to a solutions, insights, and services company.
The company’s buying and selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple prices and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales.
The company also offers sector-specific solutions including GovPlanet, TruckPlanet, and Kruse Energy, plus equipment financing and leasing through Ritchie Bros. Financial Services.
How does Rouse joining Ritchie Bros. help customers?
Ritchie Bros. is trusted as the world’s leading global marketplace for used equipment, vehicles, and services. With Rouse as part of the Ritchie Bros. family of solutions, we increase connectivity and deepen our already strong relationships with fleet owners and asset-backed lenders. Together we are stronger and will accomplish even greater things for our customers!
Ritchie Bros. and Rouse are excited to bring these services to its customers around the world, while providing Rouse with the power of Ritchie Bros.’ expanded sales force.
Stay tuned for more news and announcements on product innovation between Ritchie Bros. and Rouse Services.