RB Global Declares Abruption of Hart-Scott-Rodino Holding Period Ahead of Schedule
In a significant move, RB Global, a leading omnichannel marketplace and provider of value-added services for buyers and sellers of commercial assets worldwide, has closed the acquisition of J.M. Wood Auction Co., Inc. The deal, which was first announced earlier this year, was finalized on July 14, 2025.
The acquisition, valued at approximately $235 million, is expected to strengthen RB Global's presence in the southeastern U.S. auction market, leveraging J.M. Wood's localized expertise and network. The transaction had received early termination of the Hart-Scott-Rodino waiting period from the U.S. Federal Trade Commission in May 2025, marking a significant regulatory milestone.
RB Global's end-to-end marketplace solutions encompass Ritchie Bros., IAA, Rouse Services, SmartEquip, and VeriTread. The pending acquisition involves Ritchie Bros Auctioneers (America), Inc., a wholly owned subsidiary of RB Global.
The acquisition is subject to other customary closing conditions, such as obtaining necessary approvals from regulatory bodies, completing due diligence, and finalizing the terms and conditions of the acquisition. However, with the completion of the purchase of 100% of J.M. Wood Auction Co., Inc., the uncertainty associated with transaction execution risk has been removed.
RB Global serves customers across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining, and agriculture. More information about RB Global can be found on www.rbglobal.com. Media inquiries can be directed to Val Alitovska at (312) 505-9900 or [email protected].
The release contains forward-looking statements regarding the anticipated closing of the J.M. Wood acquisition. However, these statements are subject to risks and uncertainties that may cause actual results to differ materially. Risks and uncertainties include RB Global's ability to drive shareholder value, potential growth and market opportunities, the impact of initiatives, investments, and acquisitions, and compliance with laws and regulations. The forward-looking statements are made only as of the date of the release, and RB Global does not undertake any obligation to update them.
For further analyst inquiries, please contact Sameer Rathod at (510) 381-7584 or [email protected]. It is important to note that other risks are included in RB Global's Annual Report on Form 10-K for the year ended December 31, 2024.
- RB Global's acquisition of J.M. Wood Auction Co., Inc. marks a significant move in the industry, strengthening their presence in the southeastern U.S. auction market, particularly in terms of security and compliance for financial transactions.
- As the deal progresses, RB Global is expected to leverage J.M. Wood's localized expertise and network for enhanced cloud-based services, ensuring both businesses adhere to the latest regulations in the finance and auction sectors.
- RB Global's continuous growth depends on their ability to comply with laws and regulations, ensuring their business operations remain secure and in line with industry best practices, fostering trust in news about their business ventures.
