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August 9, 2016

Ritchie Bros.

Industrial auctioneer and equipment distributor Ritchie Bros. bought Petrowsky Auctioneers to enhance its presence in New England. The $7 million cash deal could be expanded, if sales targets are met over the next three years. Ritchie is based in the Vancouver, B.C., area and Petrowsky is headquartered in North Franklin, Connecticut. Last year, Petrowsky auctioned nearly $50 million worth of construction equipment and other assets. The Petrowsky name will be retained.




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