RB Global, Inc. has announced its definitive agreement to acquire Big Iron Auction Company, marking a strategic move into the U.S. agriculture sector. Big Iron, an agriculture-focused online marketplace, processed approximately $885 million in gross transaction value (GTV) as of the last twelve months ending September 30, 2025. This figure includes around $520 million from commercial assets and vehicles and $365 million from agriculture land and real estate transactions.
RB Global's CEO, Jim Kessler, highlighted the benefits of this acquisition, emphasizing the expansion opportunities by combining onsite, offsite, and digital channels and solutions. The co-founders of Big Iron, Mark Stock and Ron Stock, expressed their pride in the company's position as a leading auction marketplace for farmers, landowners, and rural businesses. They also emphasized RB Global's respect for the agricultural community and the expected larger platform and additional resources that would help deliver greater choice and liquidity to sellers.
The transaction is anticipated to be finalized in the second half of 2026, subject to customary closing conditions and regulatory approvals. Until then, RB Global and Big Iron will continue to operate independently.
RB Global, Inc., traded on both the NYSE and TSX under the ticker symbol RBA, is a leading omnichannel marketplace and provider of value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles globally. The company's global network covers various asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining, and agriculture. Following these announcements, the company's shares moved 1.05%, and are now trading at a price of $112.89. For more information, read the company's full 8-K submission here.
