Large and diverse selection of late model equipment featured at upcoming Ritchie Bros. Chicago, IL unreserved public auction

This week's auction is the final stage of a complete dispersal for Chicago-based T.J. Lambrecht Construction

CHICAGO, Dec. 10, 2013 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE: RBA) (TSX: RBA), the world's largest industrial auctioneer, will sell more than 1,600 equipment items and trucks at an unreserved public auction in Chicago, IL this Friday, December 13, 2013. The auction marks the final stage of a complete dispersal for Chicago-based T.J. Lambrecht Construction, one of the largest heavy civil contractors in the United States. Auction highlights include a large selection of late model crawler tractors, articulated dump trucks, agricultural equipment, pipelayers, all terrain cranes, motor scrapers and more. Every item will be sold to the highest bidder, regardless of price—without minimum bids or reserve prices. Bids in the auction can be made in person, online in real time at rbauction.com and by proxy.

"This is the last opportunity for small and large contractors to acquire quality equipment from one of the nation's top heavy civil contractors," said Ben Arbeiter, Regional Sales Manager, Ritchie Bros. Auctioneers. "This is the most diverse selection of equipment we've had at our Chicago auction site all year. In addition to equipment from T.J. Lambrecht, this week's auction features a great selection of late model excavating equipment as well as a large selection of pipelayers. I would encourage interested bidders to come to our permanent auction site in Morris to register and test the equipment ahead of the auction—there is something here for everyone!"

With more than 60 years in both the private and public sectors, T.J. Lambrecht completed a range of complex projects that have built its reputation as one of the top heavy civil contractors in the industry. Project highlights for T.J. Lambrecht include the Chicago O'Hare International Airport Modernization Program, the Texas Motor Speedway, the Arcadia Lake Dam and a wide range of other projects in the transportation, site development, environmental, water resources and design-build markets. The company is winding down operations and Ritchie Bros. has been conducting the dispersal of the company's well-maintained fleet at auctions across the central U.S. throughout 2013. This week's Chicago, IL auction features the last pieces of T.J. Lambrecht inventory.

"T.J. Lambrecht has always taken great pride in its fleet and has maintained it in a manner to assure its utmost dependability and performance in the field," said Dan Klingberg, President, T.J. Lambrecht Construction, Inc. "Our fleet's value has been recognized by our peers in the industry as second to none. This is evidenced by the strong results we received at Ritchie Bros. auctions in the U.S. this past year. We will end our dispersal with a large selection of heavy construction and excavation equipment at this week's auction in Chicago."

Chicago, IL unreserved public auction highlights include:

• 50+ crawler tractors
• 15+ articulated dump trucks
• 15 combines
• A selection of pipelayers, including six Caterpillar D8N and five Caterpillar D8K models
• A selection of cranes, including a 2001 Grove GMK5120 120 Ton 10x8x2 all terrain crane
• And much more

Chicago, IL unreserved public auction details:

• Date: Friday, December 13, starting at 8 a.m. (local time)
• Address: 2400 Ritchie Road, Morris, IL 60450
• Phone: +1.815.941.6400
• Auction is open to the public; registration to bid is free; a refundable bid deposit may be required
• How to register and bid:
• In person at the auction site
• Online at rbauction.com - register in advance and bid online in real time on auction day; a refundable bid deposit may be required; first-time online bidders should register several days in advance of the auction
• By proxy - phone the auction site to place a proxy bid

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