Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) acquired Leake Auction Company on January 16, 2018. Richard Sevenoaks, President, Nancy Sevenoaks and employees of Leake Auction Company will be retained as part of the transaction and handle day-to-day operations going forward. Muffy Bennett, former Barrett-Jackson Division Manager and Chief Executive Officer of Bennett Automotive Specialists will also join Ritchie Bros./Leake team. C. Christopher Bercaw, Michael R. Mills, Michael Droke, Morgan Helme, Jasmine Hui,and Kim A. Severson from Dorsey & Whitney LLP acted as the legal advisors for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA).
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) competed the acquisition of Leake Auction Company on January 16, 2018.
RB Global, Inc. is an omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its omnichannel platform, the Company facilitates transactions for customers in primarily the automotive, construction, and commercial transportation sectors. It also serves customers in the agriculture, energy, and natural resources sectors, as well as government entities. Its customers primarily include automotive insurance companies, as well as end users, dealers, fleet owners, and original equipment manufacturers (OEMs) of commercial assets and vehicles. The Company also provides its customers value-added marketplace services, technology solutions for vehicle merchandising, platforms for lifecycle management of assets, and a market data intelligence platform to help customers make more informed business decisions. The Company operates in the United States, Canada and across Europe.