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May 15, 2012

Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers is buying AssetNation, an online marketplace for surplus and salvage assets, from New York City-based Spire Capital Partners. The deal is valued at $64 million. Ritchie Bros. intends to leverage AssetNation's e-commerce expertise and technology platform to develop new services for equipment owners whose buying and selling preferences may not be met by Ritchie's live auctions. AssetNation is headquartered in Houston. Ritchie is based in Vancouver, B.C.




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