RB Global to Acquire BigIron, Accelerating Strategic Expansion into U.S. Agriculture

Executive Summary

• RB Global, Inc. entered into a definitive agreement to acquire Big Iron Auction Company (“BigIron”), expanding its strategic footprint in U.S. agriculture.
• The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
• BigIron processed approximately $885 million in gross transaction value (GTV) in the last twelve months, providing a sizable revenue base for RB Global’s agribusiness platform.

Key Details

• Acquirer: RB Global, Inc. (NYSE: RBA / TSX: RBA).
• Target: Big Iron Auction Company (“BigIron”), an online marketplace for agricultural equipment, land, livestock, and related assets.
• Transaction Structure: Definitive agreement to acquire 100 % of BigIron; price terms not disclosed in the release.
• Closing Timeline: Anticipated completion in H2 2026, subject to customary closing conditions and regulatory approvals.
• Operational Continuity: Both companies will continue operating independently as stand‑alone brands until closing.
• Strategic Rationale:
• Accelerates RB Global’s expansion into U.S. agriculture.
• Leverages BigIron’s established sales footprint and engaged bidder base to complement RB Global’s industrial auction platform (Ritchie Bros.).
• Expected to create cross‑selling opportunities across onsite, offsite, and digital channels.
• Financial Metrics of Target:
• Gross Transaction Value (GTV) for the LTM ending September 30 2025: ~ $885 million.
• Breakdown: ~$520 million from commercial assets/vehicles; ~$365 million from agriculture land & real‑estate transactions.
• Management Comments:
• Jim Kessler, CEO of RB Global – highlighted the talent and sector knowledge BigIron brings and the opportunity to serve more customers.
• Mark Stock, Co‑Founder of BigIron – expressed pride in building a leading auction marketplace and confidence in continued operation as a stand‑alone brand.

Notable Quotes

• “BigIron brings a talented team with deep ag sector knowledge … this will create opportunities to serve even more customers through a combination of onsite, offsite, and digital channels and solutions.” – Jim Kessler, CEO, RB Global
• “We are proud of our team’s tremendous work to establish BigIron as a leading auction marketplace for farmers… we look forward to continuing our mission … operating BigIron as a stand‑alone brand.” – Mark Stock, Co‑Founder, BigIron

Materiality Assessment: Material – Positive (the acquisition is a significant strategic move that expands RB Global’s market presence and adds a high‑volume platform with substantial GTV.)