RB Global, Inc. announced on March 11, 2025, that it has entered into a definitive agreement to acquire J.M. Wood Auction Co., Inc. This acquisition is expected to enhance RB Global's service offerings in Alabama and adjacent states.
The acquisition is anticipated to be completed in the second quarter of 2025, subject to customary closing conditions, including required regulatory clearances. This strategic move combines J.M. Wood's regional expertise with Ritchie Bros.' global network and digital capabilities.
Jim Kessler, CEO of RB Global, stated that the acquisition is a strategic move that enhances what both organizations do best. It aims to create more opportunities and deliver greater value for customers by leveraging combined strengths.
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