Ritchie Bros. Acquires Controlling Stake in VeriTread

January 9, 2023

Ritchie Bros. has purchased a controlling 75% stake in VeriTread, a transportation technology and heavy-haul freight marketplace, increasing its prior 11% ownership. The acquisition is intended to accelerate Ritchie Bros.' marketplace strategy by integrating VeriTread's transportation marketplace, brokerage capabilities, and freight tools into Ritchie Bros.' broader equipment marketplace and services.

Buyers
Ritchie Bros.
Targets
VeriTread
Industry
Transportation
Location
Florida, United States
Transaction Type
Buyout

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