RB Global, Inc. (NYSE: RBA) (TSE: RBA) announced that IAA has launched a new Market Alliance with Lion Trans & WHSE LLC in the country of Georgia. The goal of this collaborative relationship is to increase market share of both companies in Georgia, along with increasing global company awareness, broadening the visibility of vehicles, improving […]
Jason Reinwald Named CFO at B&R Auto
Ramzi Hermiz and John Kett join the Board of Directors. B&R Auto, the provider of recycled automotive parts and a portfolio company of Highview Capital, LLC, announced the hiring of Jason Reinwald as Chief Financial Officer as well as the appointments of Ramzi Hermiz and John Kett to the Board of Directors (“Board”). Jason Reinwald […]
IAA’s Mark Helvenston Joins SkillsUSA Board of Directors
Mark Helvenston, vice president, industry relations and alliance partnerships for IAA, an RB Global company, was recently elected to serve as a business and industry representative on the SkillsUSA Board of Directors. “It is my honor to serve on the SkillsUSA board of directors and take a more influential role in helping to deliver the […]
IAA Enhances Selling Platform with Machine Learning Tools for Data Insights
RB Global, Inc. (NYSE: RBA) (TSe: RBA) announced that its subsidiary IAA has released three enhancements to its selling platform. The product enhancements, IAA Vehicle Score, IAA Vehicle Value and the IAA Sales Decision Center , all work together to provide vehicle sellers with information that is critical in helping to optimize their auction strategies […]
IAA Continues to Invest in North American Footprint
IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers Incorporated company (NYSE:RBA) (TSE:RBA), announced that it has made strategic real estate investments in New York, Indiana, Connecticut and Delaware. The IAA Staten Island (NY) and IAA Fort Wayne (IN) branches have opened to accommodate growing demand in these busy markets. IAA also has bought out the […]
IAA Announces New Market Alliance in West Africa
IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers Incorporated company, announced a new market alliance with Antonio, SARL in the West African country of Benin. This agreement provides authorization for auction centers operated by Antonio, SARL in the country to help local buyers search for, bid, pay, transport, ship and import vehicles from IAA auctions […]
Shareholders Approve Ritchie Bros. Acquisition of IAA
Majority of shareholders approve of acquisition following proxy fight. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) and IAA, Inc. (NYSE:IAA) announced that shareholders approved the previously announced amended merger agreement between the two companies. Based on the preliminary vote count provided by its proxy solicitors following the company’s Special Meeting of Shareholders held yesterday, Ritchie Bros. […]
Ritchie Bros. Thanks Shareholders for Support of IAA Acquisition
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) on March 3 issued the following statement regarding the support it is receiving from many shareholders, including among the Company’s largest shareholders, as well as industry analysts on its acquisition of IAA, Inc. (NYSE:IAA): Vontobel Asset Management, which owns 2.15% of Ritchie Bros. shares, has joined many other Ritchie […]
IAA Reports Fiscal 2022 Revenue Growth of 14.2% to $2.1 Billion
IAA, Inc. (NYSE: IAA) announced its financial results for the fourth quarter and full year fiscal 2022, which ended January 1, 2023. Consolidated revenues decreased 4.5% to $523.5 million from $548.1 million in the fourth quarter of fiscal 2021. Excluding the impact of the 53rd week from the fourth quarter of fiscal 2021, consolidated revenues […]
Ritchie Bros. and IAA Announce Amended Merger Agreement
Amended agreement was unanimously approved by both boards and is supported by Ancora Holdings. Starboard Value is making a $500 million strategic investment. Boyd Group’s Tim O’Day expected to be appointed to Ritchie Board of Directors upon closing of transaction. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) and IAA, Inc. (NYSE: IAA) today announced that they […]
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