M&A - RB GLOBAL INC.

Form Type: 8-K

Filing Date: 2025-03-11

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925022405

Filing Summary: On March 10, 2025, RB Global, Inc. announced that its wholly-owned subsidiary, Ritchie Bros. Auctioneers (America) Inc., entered into an Equity Purchase Agreement to acquire all outstanding membership interests in J.M. Wood Auction Co., Inc. for $235 million, with terms for payment structured to include a significant upfront payment and subsequent installments. Additionally, the agreement stipulates that the Sellers will continue to operate the Target in the ordinary course prior to closing, and the completion of the acquisition remains contingent upon customary closing conditions, including antitrust approvals. The acquisition is part of RB Global's strategic growth initiatives and the transaction details are further outlined in the Purchase Agreement, which will be filed as an exhibit in their Quarterly Report.

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