Huge selection of late model Caterpillar and Komatsu construction equipment to sell in four upcoming Ritchie Bros. auctions

Fisher Industries upgrading fleet and selling dozens of late model, low hour wheel loaders and bulldozers

PHOENIX, AZ, Aug. 22, 2011 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will sell dozens of late model, low hour wheel loaders and bulldozers for North Dakota-based Fisher Industries at four upcoming unreserved public auctions: Phoenix, AZ (September 27); Sacramento, CA (October 7); Dickinson, ND (October 20) and Bozeman, MT (October 28). Every item will be sold to the highest bidder on auction day—regardless of price. Bids can be made in person, online in real time at www.rbauction.com or by proxy (with Ritchie Bros. bidding on behalf of the customer).

"The package of used heavy equipment consigned by Fisher Industries is one of the nicest selections of used equipment I have ever seen," says Chris Holmberg, Regional Manager, Ritchie Bros. Auctioneers. "In total, we will sell more than 125 items for Fisher Industries at auctions in four separate states. As always, there will be no minimum bids or reserve prices. This is a great opportunity for anyone looking to upgrade their equipment fleet. Interested buyers can inspect the equipment on our web site or at the auction site, then bid in person or online."

Equipment being sold on behalf of Fisher Industries includes:

• Eight Caterpillar 980H wheel loaders (three 2007 & five 2008 models)
• 10 Caterpillar D9T bulldozers (four 2006, three 2007 & three 2008 models)
• 19 Komatsu WA500-6 Galeo wheel loaders (eight 2006 & 11 2007 models)
• 2008 Caterpillar 988H Hi-lift wheel loader
• 2007 Caterpillar D10T bulldozer

"All the equipment we are selling is currently being used as our main working fleet and is well-maintained and ready-to-work," says Tommy Fisher, President, Fisher Industries. "This is equipment that we count on everyday to work, produce and perform. Over the next couple of months we will be replacing our fleet with new equipment, and as the new equipment arrives, our current equipment will head to the auction site ready for someone else to purchase and put to work."

Other highlights of the Fisher Industries consignment include 18 Caterpillar D8R bulldozers (seven of which are 2006 certified rebuilds), 12 Caterpillar 980G wheel loaders, 12 Komatsu WA500-3LK wheel loaders, five Kawasaki 115ZV wheel loaders, four Caterpillar D8N bulldozers and more. All of the equipment will be sold in four auctions: Phoenix, AZ; Sacramento, CA; Dickinson, ND; or Bozeman, MT—for more full equipment details, high resolution photos and selling information, visit www.rbauction.com/fisher.

"Ultimately we chose Ritchie Bros. to handle the sale of this equipment due to their global market reach and flexible solutions in dealing with a transaction of this size and complexity," adds Mr. Fisher.

Fisher Industries has been in the aggregate processing industry for nearly 60 years. The company is involved in all aspects of land development, including mining, drilling, blasting, as well as concrete, asphalt and paving services; the company also manufactures equipment. With operations in North Dakota, South Dakota, Arizona, Nevada, Montana, New Mexico and Wyoming, Fisher Industries has been involved in large projects all over the United States, including major road projects (I-580 Freeway extension and reconstruction of parts of Highway 179), as well as corporate and residential land development.

Consignments are still being accepted for all auctions; owners interested in selling equipment in the Phoenix auction contact +1.602.269.5631; for Sacramento contact +1.530.724.3900; for Dickinson contact +1.507.774.5050; and for Bozeman contact +1.406.728.5927.

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 43 auction sites worldwide. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.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