RB Global (RBA) Acquires J.M. Wood Auction

RB Global, Inc. (NYSE: RBA) today announced that it has entered into a definitive agreement under which RB Global will acquire J.M. Wood Auction Co., Inc. (“J.M. Wood”). We currently expect the acquisition to be completed in the second quarter of 2025, subject to customary closing conditions, including required regulatory clearances.

“Our shared values and culture align naturally, particularly in our commitment to putting our partners and customers first,” said Jim Kessler, Chief Executive Officer of RB Global. “This move enhances our geographic coverage in Alabama and adjacent states, and brings along the Wood family and their talented team of sales professionals with deep local relationships on board. Together, we are building on a strong foundation to better service our customers.”

J.M. Wood focuses on commercial construction and transportation assets, and has deep experience with municipal customers.

“We are excited about this new partnership with RB Global and the Ritchie Bros. team,” said Bryant Wood, President of J.M. Wood. “Ritchie Bros. has strong roots in the equipment industry, and they run their business just like we always have: by doing what we say. Our team is one of the strongest in the industry and we believe this collaboration will be exciting to witness. On behalf of the J.M. Wood family, we are honored to be able to continue this heritage alongside the Ritchie Bros. team for many years to come.”

“This endeavor is strategic for both J.M. Wood and Ritchie Bros.,” said Russ Wood, Vice President of J.M. Wood. “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. Our J.M. Wood team brings along incredibly deep industry knowledge and a hard-working family culture that is aligned with how Ritchie Bros. was founded.”

Founded in 1973, J.M. Wood has leveraged its culture of innovation and entrepreneurial thinking to build a strong reputation for providing a personal and professional auction experience for each of its customers. As an extension of that legacy, J.M. Wood will continue to operate as-is and maintain its headquarters in Montgomery, AL, for the foreseeable future.

You May Also Be Interested In

• Two Harbors receives final approval for CrossCountry Mortgage merger
• Myriad Uranium completes acquisition of Rush Rare Metals
• Boeing names Ryan Shedd as new SVP and controller