Clark County officials and Representatives from the Nevada Contractors
Association - Las Vegas Associated General Contractors (NCA/AGC) joined
Ritchie Bros. officials to help cut the Grand Opening ribbon earlier
LAS VEGAS, May 4, 2012 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE: RBA)
(TSX: RBA), the world's largest industrial auctioneer, officially
opened its new 33,000-square-foot auction building in northern Las
Vegas earlier this morning during a multi-million dollar grand opening
auction. As of 2:00 p.m. (local time) today, more than 2,100 bidders
from 42 countries have registered on site or online to participate in
today's unreserved public auction, which features close to 1,300 heavy
equipment and transportation items. A ribbon-cutting ceremony held
earlier today marked the official opening of the new auction building
located on exit 58 off I-15N—twenty minutes north of McCarran
"It wasn't very long ago that it was a serious challenge for local
contractors to find what they need when they needed it," said Sean
Stewart, Executive Vice President of the NCA/AGC, which represents over
700 local general contractors, subcontractors, and suppliers. "By
establishing this facility and other investments they've made in our
local economy, Ritchie Bros. has made equipment available to our
contractors and subcontractors overnight - so we thank them for helping
us have quick access to equipment."
David Rice from Rice Construction, a Las Vegas based underground utility
contractor, added: "Us contractors come to Ritchie Bros. to buy and
sell - and we know the deal is square on both ends. Now they're
welcoming us in this beautiful new facility; you can't ask for better
treatment anywhere else."
"We have been holding our unreserved public auctions in the state of
Nevada since 1983 and today we've achieved a great milestone thanks to
our customers and the local community who have supported us over the
years," said Mike Johnston, Senior Vice President, Ritchie Bros.
Auctioneers. "We've had a great turnout and there has been strong
competition from the bidders during the auction so far. We look forward
to continue providing turnkey business solutions for local and
out-of-state customers at our new facilities."
The Ritchie Bros. auction calendar currently features more than 80
unreserved public auctions. The next Ritchie Bros. Las Vegas auction is
scheduled for July 27, 2012. If you're interested in selling equipment
at this or any upcoming Ritchie Bros. auction, contact the local site
at +1.702.644.2468 or visit rbauction.com.
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is
the world's largest industrial auctioneer, selling more equipment to
on-site and online bidders than any other company in the world. Ritchie
Bros. offers services that enable the world's builders to easily and
confidently exchange equipment. The Company conducts hundreds of
unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25
countries, including 44 auction sites worldwide. The Company maintains
a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.
ATTENTION MEDIA: High-resolution photos of this morning's ribbon-cutting ceremony as
well as the Ritchie Bros. Las Vegas auction site are available for your
use at www.rbauction.com/media. Members of the public and the media can follow us on Twitter @RitchieBros
SOURCE Ritchie Bros. Auctioneers