Ritchie Bros. Auctioneers Inc. completes acquisition of IAA Inc.

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IAA shareholders will get US$12.80 in cash and 52.52 per cent of a share in Ritchie Bros. for each share they own

Ritchie Bros. CEO Ann Fandozzi said the closing of the acquisition represents the beginning of an exciting new chapter for Ritchie Bros. Fandozzi said she expects the combination of the two businesses to help drive long-term, profitable growth.

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Ritchie Bros are growing. Interesting times. Will get better.

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