# Ritchie Bros. completes $758.5M acquisition of IronPlanet

Ritchie Bros. completed its purchase of IronPlanet for approximately $758.5 million, financed through a senior note offering and secured term loan facility. The deal also initiates a five-year alliance with Caterpillar.

- Type: Acquisition
- Announced: 2017-06-12
- Value: $758.5M
- Status: completed
- Products: used equipment auction marketplace
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Caterpillar](https://endata.com/companies/1968.md) (partner)
- [IronPlanet](https://endata.com/companies/24497.md) (target)
- [Ritchie Bros. Auctioneers](https://endata.com/companies/24836.md) (acquirer)

## Sources

- [equipmentworld.com](https://www.equipmentworld.com/dealers/article/14967457/ritchie-bros-completes-ironplanet-purchase-outlines-organizational-structure), 2017-06-12: "We are pleased that the acquisition of IronPlanet has been completed and I am delighted to welcome IronPlanet employees to the Ritchie Bros. family."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.