Global corporation RB, in an official statement, declares the premature termination of its Hart-Scott-Rodino antitrust wait phase.
RB Global, Inc., a leading omnichannel marketplace for commercial assets and vehicles, has officially completed the acquisition of JM Wood Auction Co., Inc. This strategic move, which was first announced in May 2025, brings JM Wood into RB Global's global network and provides its employees with access to digital tools.
The acquisition received the early termination of the Hart-Scott-Rodino waiting period from the U.S. Federal Trade Commission on May 22, 2025, marking a significant step towards the deal's closure. The closing was finalized by mid-July 2025. JM Wood will continue to operate as a separate entity, headquartered in Montgomery, Alabama.
RB Global serves a diverse range of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining, and agriculture. The company's marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip, and VeriTread.
This acquisition is expected to enhance RB Global's presence in the Southern U.S. market. For more information about RB Global, please visit their website at www.rbglobal.com.
The announcement includes forward-looking statements, which are subject to risks and uncertainties. These statements are typically identified by words such as "aim", "anticipate", "believe", "could", "continue", "estimate", "expect", "intend", "may", "ongoing", "plan", "potential", "predict", "will", "should", "would", "could", "likely", "generally", "future", "long-term", or the negative of these terms, and similar expressions.
Potential risks and uncertainties that may cause actual results to differ materially from those anticipated include, but are not limited to, the company's ability to drive shareholder value, potential growth and market opportunities, the impact of initiatives, services, investments, and acquisitions on the company and its customers, the acquisition or disposition of properties, potential future mergers and acquisitions, the company's future capital expenditures and returns on those expenditures, the company's ability to add new business and information solutions, the supply trend of equipment and vehicles in the market and the anticipated price environment, compliance with laws, rules, regulations, and requirements, effects of various economic, financial, industry, and market conditions or policies, behaviour of commercial assets and vehicle pricing, the relative percentage of GTV represented by straight commission or underwritten (guarantee and inventory) contracts, the effect of any currency exchange and interest rate fluctuations on the results of operations, the effect of any tariffs on the results of operations, the grant and satisfaction of equity awards pursuant to the company’s compensation plans, any future declaration and payment of dividends, financing available to the company from credit facilities or other sources, the company’s ability to refinance borrowings, the sufficiency of the company’s working capital to meet its financial needs, misappropriation of data or cybersecurity incidents, and failure to comply with privacy and data protection laws.
Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in "Part I, Item 1A: Risk Factors", and the section titled "Summary of Risk Factors", in the company's Annual Report on Form 10-K for the year ended December 31, 2024.
Analyst inquiries should be directed to Sameer Rathod, VP of Investor Relations/Market Intelligence at RB Global, Inc., at (510) 381-7584 or [email protected]. Media inquiries should be directed to Val Alitovska, Director of Corporate Communications at RB Global, Inc., at (312) 505-9900 or [email protected].
[1] RB Global Press Release, July 14, 2025. [2] RB Global Press Release, May 22, 2025. [3] JM Wood Auction Co. Press Release, July 14, 2025. [4] RB Global Annual Report on Form 10-K for the year ended December 31, 2024. [5] RB Global Investor Presentation, May 2025.
The acquisition of JM Wood Auction Co., Inc. by RB Global, Inc. has finalized by mid-July 2025, granting JM Wood access to digital tools and expanding RB Global's presence in the Southern U.S. market. Despite the deal's completion, potential risks and uncertainties, such as compliance with laws, cybersecurity incidents, and supply trends, may affect the company's future performance as stated in the forward-looking statements included in the press release. Analyst inquiries can be directed to Sameer Rathod, VP of Investor Relations/Market Intelligence at RB Global, Inc.
