RB Global to Expand Presence with Acquisition of J.M. Wood Auction Co.

RB Global anticipates completing the acquisition of J.M. Wood in the second quarter of 2025, pending customary closing conditions, including necessary regulatory approvals. This acquisition is expected to bolster RB Global's capabilities in the auction space, particularly in commercial construction and transportation assets, sectors in which J.M. Wood has established a strong reputation.

Jim Kessler, CEO of RB Global, expressed enthusiasm about the alignment of values and culture between the two companies. He stated, "Our shared values and culture align naturally, particularly in our commitment to putting our partners and customers first." This cultural synergy is expected to facilitate a seamless integration of J.M. Wood’s experienced team into RB Global’s operational framework.

Bryant Wood, President of J.M. Wood, echoed this sentiment, emphasizing the strong roots of Ritchie Bros. within the equipment industry. He noted that both companies prioritize integrity and reliability, which he believes will enhance their collaborative efforts moving forward.

The acquisition is designed to provide J.M. Wood with greater access to technological resources and a broader marketplace. Russ Wood, Vice President of J.M. Wood, highlighted that joining RB Global will enable them to leverage Ritchie Bros.' extensive network. He stated, “As part of RB Global, Ritchie Bros. offers J.M. Wood a greater footprint along with an infusion of technology, services and resources for our buyers and sellers.” This infusion of resources is expected to create significant value for customers on both sides.

Founded in 1973, J.M. Wood has built a legacy based on innovation and personalized service in the auction industry. The company will continue to operate independently from its headquarters in Montgomery, AL, for the foreseeable future, ensuring that their unique auction experience remains intact while benefiting from RB Global’s resources and expertise.

RB Global stands as a leading omnichannel marketplace and provider of transaction solutions for commercial assets and vehicles globally. With a diverse portfolio that includes Ritchie Bros., IAA, Rouse Services, SmartEquip, and VeriTread, RB Global is well-positioned to drive value for buyers and sellers across various asset classes. The company’s commitment to innovation and customer service underpins its strategy for sustained growth and market leadership.

As RB Global moves forward with this acquisition, stakeholders will be keenly observing how this strategic partnership will enhance operational capabilities and market reach, ultimately benefiting customers and the broader auction landscape.