RB GLOBAL Business Summary

RB Global Inc. (RBA) operates as a leading omnichannel marketplace for commercial assets and vehicles, generating revenue through a diversified mix of transaction commissions, service fees, and inventory sales. Following its transformative acquisition of IAA, Inc., the company’s business model is structured around two primary engines: the Ritchie Bros. segment, which facilitates the auction of heavy equipment for construction, agriculture, and energy sectors, and the IAA segment, which dominates the salvage vehicle remarketing space. Revenue is further bolstered by value-added services including financing via Ritchie Bros. Financial Services, data-driven inspections through Rouse Services, and logistics support. RB Global competes directly with Copart in the automotive salvage market, Openlane in vehicle remarketing, and Sandhills Global in the heavy machinery sector. By integrating physical auction sites with advanced digital platforms, RB Global maintains a dominant market position as a high-liquidity, end-to-end solution provider for global asset disposition. Originally founded in 1958 by brothers Ken, Dave, and John Ritchie, the company is currently led by Chief Executive Officer Jim Kessler, who previously served as President and COO and brought extensive automotive leadership from Caliber Collision and ABRA Auto Body. The executive team includes Chief Financial Officer Eric Guerin, formerly of Veritiv and CDK Global, and Chief Operations Officer Steve Lewis, who joined from GXO Logistics to oversee the integration of IAA’s operational footprint. Technology initiatives are spearheaded by CTO Nancy King, while the board is chaired by Robert Elton and includes notable independent directors such as Gregory Morrison and Debbie Stein. The company’s strategic direction is supported by a robust institutional investor base, including major positions held by The Vanguard Group and MFS Investment Management, reflecting its status as a premier large-cap industrial services entity.