Ritchie Bros. receives non-rolling stock surplus contracts

Ritchie Bros. will fulfill the contract through its GovPlanet online auction.
Ritchie Bros. will fulfill the contract through its GovPlanet online auction. | File photo

Ritchie Bros. -- a global asset management and disposition company that specializes in heavy equipment, trucks, and other assets -- was recently awarded two new two-year contracts by the Defense Logistics Agency (DLA), which is part of the U.S. Department of Defense.

This contract will see the company purchase, manage and sell non-rolling stock surplus assets for its East and West regions. Non-rolling stock assets refers to non-wheeled items such as industrial machinery, electrical equipment, textiles, spare parts and other such items. The contract has four additional one-year renewal options.

Although Ritchie Bros. has a variety of platforms, it will fulfill this particular contract through its GovPlanet online auction. Launched in 2014 to address DLA needs, GovPlanet now works with a variety of public entities from the municipal to the federal level to sell equipment that meet IronPlanet's exclusive IronClad Assurance equipment condition certifications.

For more information, contact Ian Malinski, corporate communications lead, at 778-331-5432 or email
CorpComm@rbauction.com. For other inquiries, visit RitchieBros.com.

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