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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