Ritchie Bros. Acquires IAA, Inc.
March 20, 2023
Ritchie Bros. Auctioneers Incorporated completed its acquisition of IAA, Inc. on March 20, 2023, in a deal in which IAA shareholders received $12.80 in cash and 0.5252 Ritchie Bros. common shares per IAA share. The transaction combines two leading vehicle and equipment marketplaces to expand Ritchie Bros.' digital marketplace capabilities and broaden its global footprint; IAA common stock ceased trading following the close.
- Buyers
- Ritchie Bros. Auctioneers Incorporated
- Targets
- IAA, Inc.
- Industry
- Transportation
- Location
- Illinois, United States
- Transaction Type
- Buyout
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