On the heels of Ritchie Bros.’ highly successful live onsite and online auction in Edmonton, AB, which attracted 21,000 bidders from 50 countries and sold 12,000+ equipment items and vehicles over five days, David E. Ritchie, the Company’s Co-Founder, former CEO, Chairman and director, and C. Russell Cmolik, former President, COO and director, issued the following statement:
“In late April we attended Ritchie Bros.’ largest Canadian auction of the year and saw first-hand the strong enthusiasm from sellers and buyers. We were delighted that the Company’s live onsite and online auction delivered such outstanding outcomes for Ritchie Bros.’ customers. Ann and her team continue to drive truly exceptional results while remaining true to the customer-first principles upon which the Company was founded six decades ago. We strongly support the Company’s strategic direction and commitment to giving customers and employees what they want and applaud Ritchie Bros.’ leadership and dedicated employees who are driving this success. We look forward to seeing Ritchie Bros. continue to grow and thrive.”
Ann Fandozzi, CEO of Ritchie Bros., said, “We have great respect for Dave, Russ and Ritchie Bros.’ legacy. We were thrilled to welcome Dave and Russ to our live Edmonton event. We are honored to build on the company’s strong foundation and fuel Ritchie Bros.’ leadership – as a global, omni-channel marketplace that drives customer engagement and creates deep, lasting relationships with both buyers and sellers. As we turn to the next chapter of our transformation, we are more confident than ever in Ritchie Bros. and the continued growth and upside ahead.”
As previously announced, the Ritchie Bros. Edmonton event, which included online and on-site auctions, generated CA$225+ million (US$164+ million) in gross transaction value. More than 1,400 owners sold equipment in the Edmonton auction, including Precision Contractors, who sold three 2015 Caterpillar D6T dozers for a combined CA$817,500 and two 2017 Caterpillar 815F compactors for CA$505,000.