How Speedy Concrete Unlocked Capital and Reinvested for Growth

Business priorities evolve. Markets change, strategies shift, and sometimes the equipment that once supported growth no longer aligns with where a company is headed.

That was the situation facing Speedy Concrete Ltd. when the company made the strategic decision to move away from the volumetric mixing segment of its business and focus on conventional mixer trucks that better supported its long-term direction.

The transition left the company with three late-model volumetric mixer trucks and an important question: what’s the best way to turn those assets into capital that could be reinvested back into the business?

Looking Beyond a Standard Transaction

For Harj Parhar, CEO of Speedy Concrete, the goal was not simply to sell equipment. The company needed a solution that would provide speed, certainty, and flexibility.

The equipment represented a significant investment, and Speedy Concrete wanted to avoid lengthy sales processes or uncertainty around final returns. Just as importantly, the company wanted to refocus its attention on its core operations rather than spending valuable time managing equipment disposition.

That’s where Ryan Vesty and the Ritchie Bros. team stepped in.

Finding the Right Solution

Working closely with Speedy Concrete, Ryan explored several options to help the company achieve its goals. When the initial approach didn’t fully align with the customer’s expectations, he didn’t force a standard solution.

Instead, he listened.

After gaining a deeper understanding of the company’s objectives, Ryan proposed an RB Purchase solution for all three volumetric mixer trucks.

The solution provided exactly what Speedy Concrete needed:

• A fixed, guaranteed price with no auction uncertainty
• A streamlined process from start to finish
• A fast closing timeline
• Immediate access to capital for reinvestment

By tailoring the approach to the customer’s situation, Ritchie Bros. helped turn a potential challenge into a strategic opportunity.

Unlocking Capital for the Next Chapter

With the transaction completed, Speedy Concrete was able to unlock significant capital tied up in the three assets and put those funds back to work in areas that better aligned with the company’s future plans.

The quick turnaround also allowed management to focus on running and growing the business rather than managing a lengthy equipment sales process.

For Harj, the experience highlighted the value of working with a partner willing to adapt.

“Ryan and the Ritchie Bros. team were excellent to work with throughout the process. Communication was straightforward, things moved quickly, and every step was handled professionally,” said Harj Parhar, CEO of Speedy Concrete Ltd.

“What stood out most was their willingness to listen and adapt to our needs instead of trying to force a standard solution. They took the time to understand our situation and worked with us to find the right path forward. The whole experience exceeded our expectations.”

Customer-First Solutions That Meet You Where You Are

Every business faces change. Whether it’s exiting a segment, upgrading equipment, restructuring fleets, or freeing up capital for growth, there’s rarely a one-size-fits-all answer.

For Speedy Concrete, the right solution wasn’t just selling equipment. It was finding a partner who took the time to understand the business and recommend an approach that supported its broader goals.

At Ritchie Bros., that’s exactly what we strive to do.

Exploring Your Options?

If your business is evolving and you’re looking to liquidate equipment, unlock capital, or explore alternatives to a traditional sale, our team can help you evaluate the options available and find the solution that fits your needs.

Contact your local Ritchie Bros. representative today to start the conversation.

See also

How County Governments Can Turn Surplus Equipment Into Budget Relief