RB Global (NYSE: RBA) closes BigIron deal to expand U.S. agriculture
Rhea-AI Filing Summary
RB Global, Inc. has completed its acquisition of Big Iron Auction Company, according to a current report and accompanying news release. The deal is described as a key step in RB Global’s strategic expansion into the U.S. agriculture market.
Management highlights that BigIron brings long-standing relationships with farmers, landowners and rural enterprises, plus expertise in agricultural equipment, real estate and related assets. RB Global expects customers to gain access to its broader onsite, offsite and digital marketplace capabilities while preserving the local relationships and transparent auction experience BigIron is known for.
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Insights
RB Global closes a strategic agriculture-focused acquisition, but no financial terms are disclosed.
RB Global reports closing its acquisition of Big Iron Auction Company, positioning the company more deeply in U.S. agriculture auctions and related real estate. The release frames this as an expansion into a “highly attractive” category that complements existing marketplace capabilities.
The seller’s agricultural focus, local relationships and unreserved auction model are emphasized as strategic fits. However, the excerpt provides no purchase price, revenue contribution or synergy targets, so it is hard to gauge financial impact or potential returns from this transaction based solely on these disclosures.
The company includes extensive risk and forward-looking statements language, noting integration risks, market conditions, supply trends for equipment and vehicles, and broader economic factors. Future periodic filings with the SEC are referenced as the place where more detail on performance and risks may appear.
8-K Event Classification
Key Terms
forward-looking statements regulatory
Gross Transaction Value financial
underwritten (guarantee and inventory) contracts financial
credit facilities financial
privacy and data protection laws regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01 | Other Events. |
On May 18, 2026, RB Global, Inc. announced that it has finalized its acquisition of Big Iron Auction Company. A copy of the news release containing further details is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit Number | Description |
| 99.1 | News release, dated May 18, 2026 issued by RB Global, Inc. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RB GLOBAL, INC. | ||
| By: | /s/ Ryan Welsh | |
| Ryan Welsh | ||
| VP Legal & Corporate Secretary | ||
Date: May 18, 2026
Exhibit 99.1
FOR IMMEDIATE RELEASE
RB Global Completes Acquisition of BigIron
WESTCHESTER, Ill. — May 18, 2026 — RB Global, Inc. (NYSE: RBA) (TSX: RBA) (“RB Global” or the “Company”), the trusted global partner for insights, services and transaction solutions, today announced that it has completed the acquisition of Big Iron Auction Company (“BigIron”), accelerating the Company’s strategic expansion into the U.S. agriculture market.
“RB Global and BigIron share a commitment to trust, transparency and putting our partners and customers first,” said Jim Kessler, Chief Executive Officer of RB Global. “The BigIron team brings deep expertise and strong relationships within the U.S. agriculture market, which complements our broader marketplace capabilities. This move expands our presence in a highly attractive category, adds differentiated expertise across U.S. agriculture, including agricultural real estate transactions, and advances our operating strategy of pairing scale with specialized market leadership.”
Founded in the early 1980s, BigIron has built a strong reputation for its transparent, unreserved auction model and customer-first approach across agricultural equipment, real estate and related assets. Embedded in the rural communities it serves across the United States, BigIron has developed strong, local relationships with farmers, landowners and rural enterprises. Customers will benefit from access to RB Global’s broader marketplace capabilities, including onsite, offsite and digital channels and solutions, while maintaining the relationships and experience they value today.
About RB Global
RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The company’s end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread. For more information about RB Global, visit www.rbglobal.com.
Forward-Looking Statements
Certain statements contained in this release include “forward-looking statements” within the meaning of U.S. federal securities laws and “forward-looking information” within the meaning of Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements herein include, in particular, statements relating to the anticipated benefits of the acquisition, the anticipated impact of the acquisition on RB Global’s business and future financial and operating results, expansion and other value creation opportunities from the acquisition, future operating plans relating to the acquisition, and other subjects of this release that are not historical facts. Forward-looking statements are typically identified by such words as “advance”, “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 intended to identify forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of RB Global's common shares. Therefore, you should not place undue reliance on any such forward-looking statements and caution must be exercised in relying on forward-looking statements. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to risks and uncertainties relating to: our ability to drive shareholder value; potential growth and market opportunities; the level of participation in our auctions and the success of our online marketplaces; our ability to grow our businesses, acquire new customers, enhance our sector reach, drive geographic depth, and scale our operations; the impact of our initiatives, services, investments, and acquisitions on us and our customers; the acquisition or disposition of properties; potential future mergers and acquisitions; our ability to integrate acquisitions; our future capital expenditures and returns on those expenditures; our ability to add new business and information solutions, including, among others, our ability to maximize and integrate technology to enhance our existing services and support additional value-added service offerings; the supply trend of equipment and vehicles in the market and the anticipated price environment, as well as the resulting effect on our business and Gross Transaction Value (“GTV”); our compliance with laws, rules, regulations, and requirements that affect our business; effects of various economic, financial, industry, and market conditions or policies, including inflation, the supply and demand for property, equipment, or natural resources; the behavior of commercial assets and vehicle pricing; the relative percentage of GTV represented by straight commission or underwritten (guarantee and inventory) contracts, and its impact on revenues and profitability; our future capital expenditures and returns on those expenditures; the effect of any currency exchange and interest rate fluctuations on our results of operations; the effect of any tariffs on our results of operations; the grant and satisfaction of equity awards pursuant to our compensation plans; any future declaration and payment of dividends, including the tax treatment of any such dividends; financing available to us from our credit facilities or other sources, our ability to refinance borrowings, and the sufficiency of our working capital to meet our financial needs; our ability to satisfy our present operating requirements and fund future growth through existing working capital, credit facilities and debt; 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 our Annual Report on Form 10-K for the year ended December 31, 2025, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the Securities and Exchange Commission, including subsequent Quarterly Reports on Form 10-Q The forward-looking statements included in this release are made only as of the date hereof. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Many of these risk factors are outside of our control, and as such, they involve risks which are not currently known that could cause actual results to differ materially from those discussed or implied herein. RB Global does not undertake any obligation to update any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made, except as required by law.
| RB Global Contacts | ||
| Analyst Inquiries: | Media Inquiries: | |
Sameer Rathod | RB Global, Inc. VP, Investor Relations & Market Intelligence (510) 381-7584 srathod@rbglobal.com |
Clare Furman | RB Global, Inc. Sr. Manager, Public Relations (224) 275-4743 cfurman@rbglobal.com |