RB Global to buy J.M. Wood Auction for $235 million, closing expected Q2 2025
RB Global's subsidiary agreed on March 10, 2025 to acquire J.M. Wood Auction Co. for $235 million, subject to adjustments, with the company expecting completion in the second quarter of 2025 pending regulatory clearance. The deal expands RB Global's geographic coverage in Alabama and adjacent states, and the filing does not report any effect on the company's financial results.
Key points
- Purchase price of $235 million, subject to adjustments for closing cash, working capital, indebtedness, transaction expenses and antitrust fees
- 67% of the estimated price paid at closing, with the remainder paid in equal installments on the first, second and third anniversaries of closing
- Target's gross transaction value for the 12 months ending October 31, 2024 was approximately $320 million
- Either party may terminate if the deal has not closed by September 10, 2026 and certain conditions are met
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 11, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.