Ritchie Bros. Auctioneers has announced its intention to establish its presence in the agricultural equipment and land markets in the United States. Ritchie Bros. has signed a letter of intent with Dennis Biliske Auctioneers, a North Dakota-based auctioneer of agricultural equipment and real estate, regarding the potential acquisition of the business, including a 25-acre agricultural auction facility, in early 2006.
It is anticipated that Dennis Biliske, Auctioneer and President of Dennis Biliske Auctioneers, will lead Ritchie Bros.’ agricultural auction operations in North Dakota and surrounding states. According to Mr. Biliske: “We are excited about the opportunity to join an organization such as Ritchie Bros. It will be a tremendous benefit for our customers, who will welcome the fact that we sell everything on a purely unreserved basis, where all items sell to the highest bidder regardless of price.”

The Company maintains a web site at www.rbauction.com.

Posted: 11|15|05 at 11:44 am. Filed under: US News.