Ritchie Bros' parent company buys Big Iron Auction

"BigIron brings a talented team with deep ag sector knowledge and an established sales footprint that will continue operating as a stand-alone brand while being complemented by the Ritchie Bros. industrial footprint. This will create opportunities to serve even more customers through a combination of onsite, offsite, and digital channels and solutions."

"BigIron processed roughly US$885 million in gross transaction value including roughly $520 million from commercial assets and vehicles and US$365 million from agriculture land and real estate transactions, and is supported by a highly engaged bidder base."

"Since our founding in 1984, we have remained steadfast in our commitment to providing an honest, trustworthy auction. We look forward to continuing our mission to serve our sellers, buyers, and employees for years to come, and to continue operating BigIron as a stand-alone brand."

RB Global has agreed to acquire BigIron Auction Company, an agriculture-focused online marketplace established in 1984. BigIron connects buyers and sellers of agricultural equipment, land, livestock, and farm assets, processing approximately $885 million in gross transaction value annually, including $520 million from commercial assets and vehicles and $365 million from agriculture land and real estate. BigIron will continue operating as a standalone brand while leveraging Ritchie Bros.' industrial footprint and multi-channel capabilities. The acquisition accelerates RB Global's expansion into U.S. agriculture and creates opportunities to serve customers through onsite, offsite, and digital channels. The transaction is expected to close in the second half of 2026, pending regulatory approvals.

Read at Realagriculture