RBA:CC - Ritchie Bros. Auctioneers deliver $44M onsite sale for WB Pipeline

2023-08-17 08:49:25 ET

• RB Global Inc ( NYSE: RBA ) Thursday announced that its subsidiary Ritchie Bros. Auctioneers (America) Inc sold nearly $44 million of equipment for industry-leader WB Pipeline LLC on August 9, in Splendora, Texas.
• Thousands of bidders onsite and online around the world competed for more than 2,700 pieces of diverse, well-maintained, ready-to-work equipment items in Ritchie Bros.' largest pipeline construction auction of the year.
• The auction was part of a strategic downsizing initiative for WB Pipeline.
• About 94% of the equipment was purchased by U.S. buyers, including 64% sold to Texas buyers. The remaining 6% was sold to international buyers in Canada, Mexico, Belize, Bolivia and the United Arab Emirates.
• Source: Press Release

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