Bought by the Bros: IAA Inc. purchased by B.C.-based Ritchie Bros. Auctioneers
Burnaby, British Columbia — Ritchie Bros. Auctioneers, a Canadian equipment marketplace based in Burnaby, B.C., said Monday that it would purchase U.S.-based IAA Inc. in a US$7.3 billion deal. The company said the deal aligns with Ritchie Bros.’ goal of diversifying into the salvage vehicle market. Ritchie Bros. touted a market cap of approximately US$6.9 […]
