The Oklahoma-based collector
car auction company has been in business since 1972
VANCOUVER, Jan. 16, 2018 /PRNewswire/ - Today, Ritchie Bros.
announces the acquisition of Leake Auction Company, an Oklahoma-based collector car auctioneer,
established in 1972.
"Ritchie Bros. continues to expand and bring its professional
auctions to other sectors and asset categories," said Greg Owens, Group President (New Sectors &
Ventures), Ritchie Bros. "Ritchie Bros. has had success selling
collector cars through its live unreserved auctions for years—we
know there is significant customer overlap between our industry and
the collector car auction sector. The acquisition of Leake Auction
Company, which has been utilizing IronPlanet's online bidding
software for two years, seems like a natural area for us. We
believe this will help us deepen brand loyalty with our customer
base and introduce our auction expertise to a whole new sector and
group of customers."
The Leake Auction Company is family owned and operated—all
employees at the company, including Richard
and Nancy Sevenoaks, will be retained as part of the
acquisition and handle day-to-day operations going forward. Leake
currently conducts auctions primarily in the Oklahoma and Texas regions, with bidding available in
person, by phone and increasingly online.
"We are thrilled to be a part of the Ritchie Bros.
organization," said Richard
Sevenoaks, President of Leake Auction Company. "We know they
operate with the highest level of integrity and professionalism.
With their expertise in auctions and geographic reach they can help
us significantly grow this business."
Also joining the Ritchie Bros./Leake team is Muffy Bennett, former Barrett-Jackson Division
Manager and CEO of Bennett Automotive Specialists.
"Muffy brings a wealth of industry experience and contacts to
our company in this sector," said Greg
Owens. "Along with the Leake team, she shares our same
passion for customer service, consistency and integrity. With
Ritchie Bros. and Leake working together, customers can expect
unparalleled service and commitment."
The next Leake Auction event is scheduled for February 23 – 24 in Oklahoma City, OK—for more information about
the auction, visit LeakeCar.com.
About Ritchie Bros.:
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is a global asset management and
disposition company, offering customers end-to-end solutions for
buying and selling used heavy equipment, trucks and other assets.
Operating in a multitude of sectors, including construction,
transportation, agriculture, energy, oil and gas, mining, and
forestry, the company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial auctioneer
offers live auction events with online bidding; IronPlanet, an
online marketplace with featured weekly auctions and providing its
exclusive IronClad Assurance® equipment condition
certification; Marketplacee, an online
marketplace offering multiple price and timing options;
Mascus, a leading European online equipment listing service;
and Ritchie Bros. Private Treaty, offering privately negotiated
sales. The company also offers sector-specific solutions including
GovPlanet, TruckPlanet, Kruse Energy Auctioneers, and
Cat® auctions, plus equipment financing and leasing
through Ritchie Bros. Financial Services. For more information
about the unprecedented choice provided by Ritchie Bros., visit
RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
SOURCE Ritchie Bros. Auctioneers