Massive multi-million dollar crane & transportation auction in Casper, WY on March 25

News provided by

Ritchie Bros. Auctioneers (America) Inc.

Mar 12, 2015, 03:09 ET

Ritchie Bros. to sell 750+ cranes, heavy-spec trucks, trailers, and other equipment for Energy Transportation, one of the most prestigious crane operations in North America

CASPER, WY, March 12, 2015 /CNW/ - On March 25, Ritchie Bros. (NYSE and TSX: RBA), the world's largest industrial auctioneer, will conduct a massive multi-million dollar crane and transportation auction for Energy Transportation in Casper, Wyoming. Energy Transportation is the largest supplier of fully operated and maintained crane services, specialized rigging, and heavy haul transportation in the state of Wyoming. More than 750 items will be sold in the one-owner unreserved public auction, including 14 rough terrain cranes (ranging from 20 – 150 tons), seven all terrain cranes (225 – 600 tons), seven hydraulic truck cranes (75 – 110 tons), six crawler cranes (230 – 660 tons), related rigging equipment, as well as heavy-spec trucks, trailers and other equipment.

(Photo: http://photos.prnewswire.com/prnh/20150312/181368 )

A special financing offer is available for this auction through Ritchie Bros. Financial Services, with rates as low as 3.95% and no payments for 90 days. Bids can be made in person at the auction site (6301 W Zero Rd., Casper, WY), online at rbauction.com and by proxy. The auction is open to the public; it's free to register to bid and equipment is available for inspection ahead of the auction.

"This is the best selection of cranes we've ever sold," said Rob Giroux, Vice President, Sales at Ritchie Bros. "Energy Transportation is one of the most prestigious crane operations in North America, with one of the best fleets around. Cranes of this size and quality don't come to auction often, especially not in this quantity."

Casey Fencl, Regional Sales Manager, Ritchie Bros. added: "This auction is an exceptional opportunity for people to get the cranes and heavy-spec trucks and trailers they need. Every item will be sold to the highest bidder on auction day; there are no reserve prices, no minimum bids and no games. We've got a special financing offer in place for this auction only, so buyers can bid with the power of cash and finance their purchases at great low rates."

Crane highlights include:

A 2011 Liebherr LR1600/2 660-ton crawler crane (2,761 hours)
Two 2008 Manitowoc 16000 1, 2 & 3 440-ton crawler cranes (5,581 & 6,364 hours)
A 2009 Manitowoc 2250 1, 2 & 3 300-ton crawler crane (3,162 hours)
A 2006 Manitowoc 999 1, 2 & 3 275-ton crawler crane (7,960 hours)
A 2010 Liebherr LTM1500-8.1 600-ton 16x8x12 all terrain crane (4,307 hours)
A 2013 Grove GMK7550 550-ton 14x8x14 all terrain crane (1,476 hours)
A 2012 Grove GMK6350 350-ton 12x8x12 all terrain crane (3,824 hours)
Three Grove GMK5275 275-ton 10x8x10 all terrain cranes (2,952 – 5,801 hours)
Five Grove TMS9000E 110-ton 8x4x4 hydraulic truck cranes (1,946 – 4,958 hours)
A 2012 Grove RT9150E 150-ton 4x4x4 rough terrain crane (277 hours)
Three Grove RT890E 90-ton 4x4x4 rough terrain cranes (3,208 – 7,604 hours)
Two Grove RT880E 80-ton 4x4x4 rough terrain cranes (4,308 – 4,422 hours)

Transportation highlights include:

A 2013 Kenworth C500 6x8 T/A T/A bed truck
A 2010 Kenworth C500 6x6 off-highway prime mover (T/A)
Eight Kenworth T800W truck tractors
Two XL Specialized 85-ton 9/axle combination lowboys
A 2012 Trail King TK120SD-396 9/axle combination lowboy
A 2009 Trail King TK120LPSD-416 9/axle combination lowboy

Energy Transportation was founded by Dan McGlade in the early 1980s. Thanks to his hard work, entrepreneurial spirit, a great team and a top-notch fleet, the company has become well-known across North America. After 30+ years in the business, Dan decided it was time to realize the value that he had built up in his equipment while he was young enough to travel and enjoy the fruits of his labor. In early 2015 he sold Energy Transportation to NCSG Crane & Heavy Haul Corp., a company he knew would take care of his team, his customers and the successful business he'd built. NCSG has its own fleet of almost 300 cranes, hundreds of trailers and specialized rigging equipment, and Dan remains actively involved with the business. Energy Transportation's entire fleet will be sold at the Ritchie Bros. auction in Casper, Wyoming on March 25.

"We have an outstanding fleet. You can take any piece in this sale and put it straight to work," said Dan McGlade. "I've bought and sold with Ritchie Bros. many times over the years and developed a strong trust with the company. With a Ritchie Bros. unreserved auction you know that everything will sell with no minimum bids and go to a new owner at the end of the sale."

Steve Simpson, Chief Sales Officer, Global Accounts at Ritchie Bros. said: "We are proud to be doing the full dispersal of such unique and specialized cranes and other equipment from one of America's most reputable and innovative crane operators. The mission of our newly formed Global Accounts group is to support owners such as Dan McGlade with their fleet disposition needs, especially in situations requiring complete dispersal."

Ritchie Bros. Financial Services offers rates as low as 3.95% and no payments for 90 days at this auction¹

Since 2011 Ritchie Bros. Financial Services (RBFS) has been helping Ritchie Bros. customers conserve their cash and finance their equipment purchases at competitive rates. For the Casper auction RBFS has a special financing offer, with rates as low as 3.95% and no payments for 90 days. Interested buyers can apply for financing in advance online at rbauction.com/financing or by phone: 1.855.331.5750, or on-site at the auction.

Auction details

Date and time: Wednesday, March 25, 2015, starting at 9 a.m.
Location: Energy Transportation, 6301 W Zero Rd., Casper, Wyoming, 82604
Photos and details of equipment being sold on auction day can be found at rbauction.com/Casper
The auction is open to the public. Registration to bid is free.
Bids can be placed in person, online in real time at rbauction.com and by proxy
Call +1.800.248.0470 to schedule an appointment to inspect equipment ahead of the auction

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 (rbauction.com/financing). Ritchie Bros. has operations in more than 19 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

¹ Limited time purchase financing offer provided through Ritchie Bros. Financial Services on approved credit. Offer is available to customers in the USA or Canada only. Offer is subject to credit approval, financing of qualified equipment, age of assets and minimum finance of $350,000 or greater at a 24 to 36 month term. Prior purchases not eligible. Offer subject to change/ cancellation without prior notice. Additional terms and conditions may apply.

ATTENTION MEDIA: Photos of the Casper, Wyoming auction are available at rbauction.com/media. Interviews with Dan McGlade and Ritchie Bros. representatives are available by request. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE Ritchie Bros. Auctioneers (America) Inc.