# Ritchie Bros. to acquire IAA for $7.3 billion

Ritchie Bros. Auctioneers Incorporated announced a definitive agreement to acquire IAA, Inc. in a stock and cash transaction valued at approximately $7.3 billion, including the assumption of $1.0 billion of net debt. The deal creates a leading global marketplace for commercial assets and vehicles.

- Type: Acquisition
- Announced: 2022-11-07
- Value: $7.30B
- Status: announced
- Products: commercial assets, vehicles

## Companies

- [Ritchie Bros. Auctioneers](https://endata.com/companies/24836.md) (acquirer)
- [IAA](https://endata.com/companies/66457.md) (target)

## Sources

- [investor.rbglobal.com](https://investor.rbglobal.com/news/news-details/2022/Ritchie-Bros--to-Acquire-IAA-and-Create-a-Leading-Global-Marketplace-for-Commercial-Assets-and-Vehicles/default.aspx), 2022-11-07: "Ritchie Bros. to Acquire IAA and Create a Leading Global Marketplace for Commercial Assets and Vehicles"

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