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November 10, 2020

Ritchie Bros.

Vancouver, B.C.-based equipment auctioneer Ritchie Bros. Auctioneers bought Rouse Services for $275 million to expand its data and analytics offerings. Los Angeles-based Rouse provides data for rental analytics, equipment sales support and fleet appraisals. Ritchie says the merger will allow its customers to better understand used equipment trends and how to use them to optimize fleet management decisions. The deal is subject to regulatory approval and includes $250 million in cash and $25 million in Ritchie common stock.




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