Richardson Bros. (Olds) Ltd. was founded in 1952 by Charles & Jack Richardson and has since been taken over by a second generation of brothers—Frank, Stephen, and Larry. Today the company offers a comprehensive suite of services, including gravel hauling & sales, general contracting, pre-construction, asphalt sales, earthwork, and more.
“I remember attending auctions with my father as a kid, standing outside in the elements and walking from item to item with the auction truck,” said Frank Richardson. “Decades later and the auctions may have changed, but I still love buying and selling equipment.”
The Richardson brothers regularly sell their surplus equipment through Ritchie Bros.‘ Edmonton, AB auction site, usually in the site’s March and April sales. Over the years they have built a strong relationship with the father-son sales team of Dave & Tyler Douglas at Ritchie Bros.
“Honesty and trust are essential in business. The relationship we have built with Dave & Tyler is so important to our business today,” added Mr. Richardson. “We have tried selling assets on our own through listing sites, but we only got one phone call and it didn’t sell. With Ritchie Bros. unreserved auctions, it’s all sold in one go.”
Richardson Bros. recently sold several items in our Edmonton auction on April 24 – 28, 2023, including an unused 2022 Kenworth T880 8×6 tri-axle truck tractor that sold for CA$300,000 and a 2020 Komatsu D51PXI-24 crawler tractor for CA$232,500.
“Ritchie Bros. provides our company exposure on the world market. By continuing to use Ritchie Bros., people around the world know our brand and understand how well we maintain our equipment. By working with Ritchie Bros. you can build a global reputation.”
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