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Industry News

Ritchie Bros. and IronPlanet Secure Unconditional Antitrust Clearance from the U.S. Department of Justice; Acquisition is Expected to Close in the Next Few Weeks

Ritchie Bros., has announced the receipt of unconditional antitrust clearance from the U.S. Department of Justice for the proposed acquisition of IronPlanet, an online marketplace for heavy equipment and other durable assets. Ritchie Bros. outstanding brand reputation and high degree of customer trust, coupled with IronPlanet's digital prowess built on user friendly technology, will provide multiple product and channel offerings to customers.

"Over the last three years, we've been successfully executing on a multi-channel diversification strategy to ensure that the company stays relevant and strong in a changing environment. In IronPlanet, we found a company that allows us to continue our rich history of innovation and gives us the tools and talent to transform into a digital information and insights powerhouse," said Ravi Saligram, Ritchie Bros. CEO. "The missions of our companies are aligned: deliver maximum choice and value to our customers. We look forward to bringing our combined pride and passion together under one umbrella to accelerate our growth initiatives and add shareholder value."

Greg Owens, IronPlanet chairman and CEO added, "The management team and employees of IronPlanet are enthusiastic about joining forces with Ritchie Bros. - the possibilities are endless when you merge brand strength with technology. We are inspired by the vision of leading a digital transformation in the industry."

The anticipated benefits of Ritchie Bros.' acquisition of IronPlanet are extensive and make a positive impact on the business internally and externally. Highlights include:

1) Pioneer a path into the future. Ritchie Bros. is a forward-thinking, growth-focused company that never stops innovating. By continuing to invest in technology and providing end-to-end support solutions, the company will continue to set a benchmark for equipment values across the globe.

2) Maximize opportunity for customers. The acquisition of IronPlanet is intended to provide the highest quality choices in asset disposition to best serve customers. The acquisition is the next step in Ritchie Bros.' diversification and multichannel strategy. As a successful player in the marketplace for nearly 60 years, Ritchie Bros.' unique business model and heritage of extraordinary customer relationships make it a leader in the industry.

3) Caterpillar Alliance. Ritchie Bros. also enters into a historic, long-term strategic alliance with Caterpillar, which will significantly strengthen its relationship with Caterpillar's independent dealers around the world by providing enhanced and continued access to a global auction marketplace to sell their used equipment.

The transaction is expected to close in the next few weeks. A new organizational structure will be announced after closing. 

Company Info

  • Ritchie Bros. Auctioneers

    9500 Glenlyon Parkway
    Burnaby , BC
    CA , V5J 0C6

    Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest industrial auctioneer, and one of the world's largest sellers of used equipment for the construction, transportation, agriculture, energy, mining, forestry and other industries. Ritchie Bros.™ asset management and disposition solutions include live unreserved public auctions with on-site and online bidding; EquipmentOne™, an online auction marketplace; Mascus, a global online equipment listing service; private negotiated sales through Ritchie Bros. Private Treaty; and a range of ancillary services, including financing and leasing through Ritchie Bros. Financial Services. Ritchie Bros. has operations in 19 countries, including 45 auction sites worldwide.

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  • IronPlanet

    3825 Hopyard Road, Suite 250
    Pleasanton , CA
    US , 94588-8528

    IronPlanet is a leading online marketplace for selling and buying used equipment and other durable assets and an innovative participant in the multi-billion dollar used equipment market. Founded in 1999 to transform the global used equipment market, IronPlanet has built a database of more than 1.5 million registered users worldwide. IronPlanet connects buyers and sellers of used equipment with its exclusive IronClad Assurance® equipment condition certification and family of brands, including IronPlanet®, GovPlanet®, TruckPlanet®, Cat Auction Services, Kruse Energy & Equipment AuctioneersSM, allEquip® and Asset Appraisal ServicesSM. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar and Volvo

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Latest News

Sage Oil Vac Launches All-New NextLube Monitor System

Sage Oil Vac, a leader in professional lube equipment, has announce the launch of its NextLube monitor system. While it might not be large in size, the all-new NextLube monitor system promises huge improvements in productivity and ease of use. The intuitive NextLube touch screen panel delivers a straightforward presentation of information to any job as an optional add on for Sage Oil Vac lube trucks and trailers. NextLube will display the gallons within the tanks, instead of the percentage, making the process easier for the technician to determine the amount of oil available to complete an exchange.

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McLaughlin adds new vacuum excavators for utility market

McLaughlin has introduced two new mid-range vacuum excavators to the underground utility contractor market — the ECO75 truck-mounted vacuum excavator and the VX75 trailer-mounted vacuum excavator — to answer the market's demand for a compact vacuum excavation system with a 5-inch (12.7 cm) boom option that focuses on performance and improved fuel efficiency. 

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Sponsored Content

McLaughlin Adds New PTO-driven Options to MEGA VAC Line

The Vermeer MEGA VAC VXT truck series by McLaughlin is a highly productive vacuum excavator designed to meet increasingly strict weight restrictions and regulations. Ideal for utility and distribution contractors, the VXT Series is a reliable, cost-effective solution for high-production potholing crews. The new 6-inch (15.2 cm) PTO-driven series comes in three standard spoil capacities ranging from 1,200 to 2,000 gallons (4542.5 to 7570.8 L). The VXT series is powered by the industry-proven OMSI Gearbox and a ROOTS 3200 CFM (91 m3/min) blower. The new CAN Control system allows for two-way communication between the remote control and the vacuum excavator, which helps contractors increase jobsite productivity. The new Vacuum Neutral feature allows the blower to breathe free air and stop suction without the need to close the hydraulic gate valve in the boom.

Learn more at www.mclaughlinunderground.com

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Trenching

Vibratory plow designed for fast cable, fibre and irrigation installation

The new Vermeer SPX25 vibratory plow is designed for fast and efficient cable/fibre and irrigation system installation. It features a full-function remote control that gives the operator a 360-degree view of the jobsite, helping to avoid potential obstacles and an unobstructed view of the product being installed. The SPX25 vibratory plow is compact, powerful and built with tracks to minimize ground disturbance.

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Horizontal Directional Drilling

Robust fluid cleaning system offers small footprint and quiet operation

Pipeline and utility contractors attending the 2017 International Utility and Construction Equipment Exposition (ICUEE) in Louisville, Kentucky, were first to see the newly released American Augers M-300D HDD fluid cleaning system. Based on American Augers' successful, highly portable M-200 platform, the M-300 system's small trailer size lowers registration and excise tax requirements while supporting any make of 60- to 100-ton drill unit with a true 300 gpm fluid-cleaning capability. 

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Reduced Weight Cat 303E CR Mini Hydraulic Excavator Simplifies Transport While Maintaining Performance

The Cat 303E CR mini hydraulic excavator has been reduced in weight to accommodate customers who require a maximum 10,000-lb (4 536-kg) transport weight—yet performance of the lighter excavator has not been compromised when compared to the current model. In many regions a loaded trailer of more than 10,000 lb (4 536 kg) requires the tow vehicle driver to have a Commercial Drivers License (CDL). The new 303E CR weighs 6,750 lb (3 062 kg) when equipped with a canopy, full fuel tank and 24-inch (610-mm) bucket. The weight is down from the previous machine weight of 7,300 lb (3 311 kg), and this difference provides expanded margin to accommodate trailer weight and ancillary equipment while keeping total weight less than 10,000 lb (4 536 kg).

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​When To Replace Forklift Forks

​When To Replace Forklift Forks

The forklift fork is often overlooked and under-inspected. Many are unaware of how often one should inspect their forks, and how to inspect them. Federal law (OSHA Standards 29 CFR 1910.178) mandates that forklift forks which see around-the-clock use should be inspected on a per-operation basis. As part of a pre-operation inspection, forklift forks should ideally be inspected for signs of cracks, bends, excessive wear or damage to either the fork tine or the positioning lock when using an ITA mounted fork.

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Water & Sewer Rehabitiation

Vactor Showcases Next-Generation HXX Vacuum Excavator Concept at 2017 ICUEE

Vactor Manufacturing has unveiled the successor to the legendary Vactor HXX vacuum excavator at the 2017 International Construction & Utility Equipment Exposition (ICUEE) Show October 3-5, 2017, in Louisville, Ky. The concept vacuum excavation truck makes its first public appearance at Vactor's outdoor exhibit (K381) at the Kentucky Exposition Center. "The new HXX concept showcases our latest design thinking in terms of improvements in payload capacity, weight distribution, operation and performance," said Ben Schmitt, product manager at Vactor Manufacturing. "Our goal in previewing this HXX concept at ICUEE is to gain feedback from customers and other industry professionals before launching the next generation of this truck."

Improved weight distribution

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Horizontal Directional Drilling

HammerHead Trenchless launches remote-controlled 22-ton winch at ICUEE

HammerHead Trenchless, a Charles Machine Works company, introduced its new 22-ton, radio remote-controlled HydroGuide® HG2200 cable winch at the 2017 International Construction and Utility Equipment Exposition (ICUEE) in Louisville, Kentucky. The HG2200 completes the HammerHead line of next-generation winches designed for maximum efficiency and ease-of-use in pipe-bursting, slip-lining and pipe-slitting applications.

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Water & Sewer Rehabitiation

Ring-O-Matic introduces largest-capacity PTO vacuum excavator

Ring-O-Matic's has launched its largest-capacity PTO-driven vacuum-excavator system at  ICUEE 2017. The 1300 VXT Extreme/PTO is an ideal vacuum-excavator solution for utility construction, horizontal directional drilling support and mud management, vacuum excavation and daylighting operations preferring a single-engine configuration. The mechanical PTO option offers the benefits of single-engine emissions compliance and single-engine maintenance and a shorter chassis rig with 1,300 gallon spoil capacity.

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Horizontal Directional Drilling

Ditch Witch offers next generation AT40 all terrain directional drill optimizes downhole performance in hard rock

To enhance utility contractors' efficiency while drilling and steering in hard rock, Ditch Witch, a Charles Machine Works Company, has released the new AT40 All Terrain horizontal directional drill (HDD). The machine features an advanced, two-pipe All Terrain drilling system that provides 33 percent more torque than competitive units.  The newly optimized All Terrain drilling system includes multiple patent-pending designs that improve downhole operation. An inner-rod design provides a flush system that improves tool-joint durability and steering in hard rock conditions. To further improve steering and optimize fluid flow, a reliable All Terrain connection reduces the risk of collar damage. 

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Water & Sewer Construction

McElroy’s Self-Propelled TracStar® 1200 for Thermoplastic Pipe Fusion

The McElroy TracStar 1200 fuses pipe from 16" OD to 48" OD (450mm to 1200mm) bringing the largest pipe fusion capability to its line of track-mounted machines. Upgrades include an advanced emission control engine that burns ultra-low-sulfur diesel to meet US EPA Tier 4/EU Stage IIIB standards and the ability to upload joint reports to the DataLogger® Vault™ for storage and analysis. A redesigned cowling and rearrangement of internal components allows better access to the engine for maintenance. Other features include hydraulic outriggers for machine stability and leveling, an ergonomic operator platform and remote engine stop/start capabilities. 

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Horizontal Directional Drilling

DITCH WITCH unveils enhanced, next generation underground construction equipment, parts and technology at ICUEE

The Ditch Witch organization, a Charles Machine Works company, is planning to unveil a wide variety of new and enhanced underground construction equipment, parts, tools, and technology—all designed to boost productivity at the International Construction and Utility Equipment Exposition (ICUEE) Oct. 3-5 in Louisville, Kentucky. 

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ALLU Inc. announces new U.S. facility

EAST BRUNSWICK, NEW JERSEY - In response to strong domestic demand for its unique ALLU Transformer material processing attachments, ALLU Inc. has announced it has opened a new facility in New Jersey, USA. Located at 25 Kimberly Road in East Brunswick, New Jersey, the new location will create additional warehouse capacity for aftermarket parts and factory space to increase product inventory by local assembly. The move will allow ALLU's North American subsidiary to offer remanufacture and re-certification of pre-owned buckets, providing customers and end users with more choices and flexibility. The new facility also provides expanded office and service training space.

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Industry News

JCB brings new products and innovations to ICUEE

JCB has confirmed that the Teleskid, Hydradig 110W tool carrier, 3CX Compact backhoe loader and 48Z-1 compact excavator, will be on display at the 2017 International Construction and Utility Equipment Exposition (ICUEE) in Louisville, Kentucky, from October 3-5. The company will also demonstrate its 509-45 Loadall telescopic handler with a radio remote-control work platform and preview its new 503-13 Loadall sub-compact telehandler, which will be launched in 2018.

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Industry News

Vermeer Corporation Announces Its Acquisition of McLaughlin Group, Inc.

Vermeer Corporation has announced its acquisition of the remaining non-Vermeer interests of McLaughlin Group, Inc., a leader in the drill tooling and vacuum excavation industry. Vermeer took an initial vested position in McLaughlin in 2012, when it acquired a minority interest in the Greenville, South Carolina company. "Our initial investment in McLaughlin created the ideal opportunity to determine how the company culture and product portfolio fit within our organization," said Jason Andringa, president and CEO at Vermeer Corporation. "Now, we look forward to having the McLaughlin team and the products they design and manufacture become part of the comprehensive solution Vermeer provides to the utility market. This is especially important in the area of soft-dig excavation where we see demand for equipment and expertise continuing to grow today and well into the future."

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Industry News
Tunneling

Final double breakthrough at the Emscher sewer

Final double breakthrough at the Emscher sewer

With the breakthrough of the last two tunnel boring machines into the target pit in Oberhausen-Biefang on June 12, 2017 the tunnel and pipe jacking work for the Emscher sewer has been completed. Over a period of 25 years numerous Herrenknecht tunnelling machines and a wide range of additional equipment were successfully used in the Europe-wide unique environmental and sewage project of Emschergenossenschaft.

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