Ritchie Bros Auctioneers

Susan Krashinsky wrote a good article about Ritchie Bros Auctioneers (RBA). The arctile highlights the company's defensive nature and stable business model.

Ritchie Bros. has turned auctions into big business. The Burnaby, B.C.-based company is by far the largest auctioneer of industrial equipment in the world, on track to manage $3.5-billion (U.S.) in equipment sales at its auction sites this year. And though the economy remains soft, Ritchie Bros. says it's a good time to expand, as the company takes its first steps in India, Japan and other areas.


"We grow well in good times, but we tend to grow faster when times are harder," says Ritchie Bros. CEO Peter Blake.

Ritchie Bros has a strong track record of dividend growth.