Ritchie Bros. Auctioneers conducts multi-million dollar grand opening auction in Manchester, New Hampshire

Grand opening ribbon cut in front of a crowd of more than 1,400 on-site and online bidders

MANCHESTER, NH, April 18, 2014 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, officially opened its new auction site in Manchester, NH yesterday during a multi-million dollar grand opening auction. More than 1,400 bidders from 40 countries registered on site or online to participate in yesterday's unreserved public auction in Manchester, which featured more than 950 heavy equipment and transportation items from close to 100 sellers. A ribbon-cutting ceremony to mark the official opening of the new site featured Gary Abbott, Executive Vice President of the Associated General Contractors (AGC) of New Hampshire and Ritchie Bros. employees.

(Photo: http://photos.prnewswire.com/prnh/20140418/76423)

"We are very proud to welcome bidders from across New Hamphsire and around the world to our new facility in Manchester," said Stephen O'Duggan, Regional Sales Manager, Ritchie Bros. Auctioneers. "We want to thank all of our customers who have made this day possible and look forward to continuing to serve the world's builders from our new site."

Ritchie Bros.' new 54-acre Manchester auction site is located at 39 Hackett Hill Road in Hooksett, NH and features an auction ramp with seating for 350 interested bidders, a refurbishing facility for equipment washing and repair, and approximately 25 acres for equipment display. It is expected this site will host four auctions each year.

Gary Abbott, Executive Vice President of the Associated General Contractors (AGC) of New Hampshire added: "Having Ritchie Bros. at this New Hampshire location will be a boon for local contractors and the local economy."

The Ritchie Bros. auction calendar currently features more than 100 unreserved public auctions. The next Ritchie Bros. Manchester, NH auction is scheduled for June 19, 2014. If you're interested in selling equipment at this or any upcoming Ritchie Bros. auction, contact the local site at +1.603.268.0517 or visit rbauction.com.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. ^TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOne^TM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE Ritchie Bros. Auctioneers

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