M&A News by PEmarket

RB Global Accelerates Growth with Acquisition of BigIron Auctions

RB Global, a leader in asset disposition and valuation services, is set to acquire BigIron Auctions, a prominent online platform specializing in the sale of used agricultural and construction equipment. The acquisition's early termination of the Hart-Scott-Rodino waiting period marks a significant step forward, with expectations to close the deal in Q2 2020. CEO Rob Pomeroy emphasized that this acquisition aligns with RB Global's strategic goals to enhance online auction capabilities and broaden its customer base.