Retirement dispersal for Compaction Rentals at Ritchie Bros. Sacramento auction

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Mar 04, 2015, 02:29 ET

Unreserved auction on March 11 features 2,000+ equipment items and trucks, including well-maintained Caterpillar equipment from Compaction Rentals; owner retiring after 45 years in business

SACRAMENTO, CA, March 4, 2015 /CNW/ - On March 11, 2015, Ritchie Bros. (NYSE and TSX: RBA), the world's largest industrial auctioneer, will conduct a multi-million dollar unreserved public auction in Sacramento (Dunnigan), California featuring well-maintained Caterpillar equipment from a complete dispersal for Compaction Rentals. More than 2,000 equipment items and trucks will be sold on auction day, including 75+ compactors, 30 crawler tractors, 30+ excavators, 20+ motor scrapers, 20+ wheel loaders, 60+ truck tractors, 70+ trailers, 20+ flatbed trucks, 15+ mechanics trucks and more. All items will be sold without minimum bids or reserve prices. Bids can be made in person at the auction site, online at rbauction.com and by proxy.

"This auction features one of the nicest selections of late-model, well-maintained Caterpillar equipment we've ever seen at our site in Dunnigan, on the I-5 just north of Sacramento," said Mike Brenner, Regional Sales Manager, Ritchie Bros. Auctioneers. "Equipment has come to us from hundreds of owners across California, including more than 85 items from Compaction Rentals, a company that served the Northern California rental market for 45 years. As one of the most well-respected rental companies in the region their fleet is second-to-none and by the end of the day it will all be sold to new owners."

Specific equipment highlights in the Sacramento auction include:

Two Caterpillar 825H compactors
Five Caterpillar 815F Series II compactors
Two Caterpillar D8T crawler tractors
Two Caterpillar D6N LGP crawler tractors
A Caterpillar D6T XL crawler tractor
Two Caterpillar 328D LCR hydraulic excavators
Seven Caterpillar 631G motor scrapers
Three Caterpillar 613G elevating motor scrapers
A Caterpillar 980K wheel loader
Two Caterpillar 14H motor graders
Seven Caterpillar 740 6x6 articulated dump trucks

"Our fleet is all Caterpillar equipment, has relatively low hours, is well-maintained and is ready to put to work," said Craig Hobday, President of Compaction Rentals. "When we opened our doors 45 years ago we only rented compaction equipment, but over the years we expanded our fleet to include crawler tractors, motor scrapers, motor graders, articulated dump trucks, excavators and more. When it came time to sell, we chose Ritchie Bros. because we knew they would attract the largest number of buyers for our equipment and our entire fleet would be sold in one day."

Auction details

Date and time: Wednesday, March 11, 2015, starting at 8 a.m.
Location: 5500 County Road 99W, Dunnigan, CA 95937
Photos and details of equipment being sold on auction day can be found at rbauction.com/Sacramento

The auction is open to the public. Registration to bid is free. Anyone interested in selling equipment and/or trucks in the Sacramento auction can contact the auction site directly at +1.530.669.4166.

Ritchie Bros. Financial Services is now offering rates as low as 3.95%¹
Since 2011 Ritchie Bros. Financial Services has been helping buyers at Ritchie Bros. auctions get competitive financing for their equipment purchases. For a limited time, financing is available at rates as low as 3.95%. Buyers can visit rbauction.com/financing for a no obligation application.

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. Financing and published 3.95% rate is subject to credit approval, financing of qualified equipment, age of assets and minimum finance of $350,000 or greater at a 20 to 36 month term. Prior purchases not eligible. Offer subject to change/ cancellation without prior notice. Additional terms and conditions may apply.

PHOTOS FOR MEDIA USE are available at rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE Ritchie Bros. Auctioneers