RB Global, Inc., a leading omnichannel marketplace for commercial assets and vehicles, announced the completion of its acquisition of J.M. Wood Auction Co., Inc. for $235 million through its subsidiary, Ritchie Bros. Auctioneers (America), Inc.. The strategic move, finalized after an agreement announced on March 10, 2025, strengthens RB Global’s footprint in Alabama and adjacent states, combining J.M. Wood’s regional expertise with Ritchie Bros.’ global network and digital capabilities.
RB Global (NYSE: RBA) completes acquisition of J.M. Wood Auction Co. for $235M.
J.M. Wood, founded in 1973, retains its Montgomery, AL headquarters and leadership.
Enhances services for commercial construction and transportation asset markets.
RB Global’s stock price: $109.665, with a market cap of $19.55B as of July 15, 2025.
Acquisition leverages Ritchie Bros.’ digital platforms and value-added services.
J.M. Wood’s expertise strengthens RB Global’s municipal customer segment.
The acquisition, initially announced on March 11, 2025, integrates J.M. Wood’s 50-year legacy in commercial construction and transportation auctions with RB Global’s global reach. “Both Ritchie Bros. and J.M. Wood have spent decades building trust through integrity, relationships, and a deep understanding of customers’ businesses,” said Jim Kessler, CEO of RB Global. J.M. Wood will maintain its Montgomery headquarters, in-person auction format, and leadership team, including President Bryant Wood and Vice President Russ Wood, ensuring continuity while gaining access to Ritchie Bros.’ technology, such as IronPlanet and Marketplace-E.
RB Global’s stock price stands at $109.665, with a market cap of $19.55 billion, reflecting a 37.7% increase over the past year. The company reported strong 2024 results, with Q4 revenue of $1.14 billion, up 10% year-over-year, and full-year net income doubling to $412.8 million. Analysts from BMO and RBC Capital Markets raised price targets to $120 and $116, respectively, citing RB Global’s consistent outperformance and growth potential for 2025. The acquisition is expected to enhance RB Global’s gross transaction value (GTV), which reached $258 million at its 2024 Orlando auction and CA$250 million at its Edmonton event.
Founded in 1973, J.M. Wood has built a strong reputation for personalized auction experiences, particularly for municipal customers. Its integration with RB Global’s portfolio, including Ritchie Bros., IAA, Rouse Services, SmartEquip, and VeriTread, enhances service offerings across asset classes like automotive, construction, and agriculture. The acquisition aligns with RB Global’s strategy of combining local expertise with global technology, as seen in prior acquisitions like IAA in 2023 for $7 billion. Customers in Alabama and nearby states will benefit from expanded inventory access and advanced digital tools.
The acquisition is poised to drive growth by leveraging J.M. Wood’s regional relationships and RB Global’s digital platforms. However, forward-looking statements caution that risks, such as integration challenges and market conditions, could impact results. RB Global’s robust financial foundation, with $4.28 billion in 2024 revenue and a 23-year dividend track record, supports its expansion strategy. The company will discuss its Q2 2025 results on August 6, 2025, providing further insight into the acquisition’s impact.
RB Global, Inc. is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture.
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