Multi-million dollar Ritchie Bros. Toronto auction to feature complete dispersals for local earthmoving companies



    Unreserved public auction includes over 2,000 items from H. Davis
    Equipment Rental, D.V.C. Contracting, and other owners

    TORONTO, Nov. 27 /CNW/ - On December 11 & 12, 2007, Ritchie Bros.
Auctioneers, the world's largest industrial auction company, will sell more
than 2,000 heavy equipment items to the highest bidders at an unreserved
auction in Bolton (Toronto), Ontario. The multi-million dollar public auction
features complete dispersals for two local earthmoving and site grading
companies, H. Davis Equipment Rental Ltd. and D.V.C. Contracting, as well as
equipment from more than 260 other consignors. Among the equipment being sold:
crawler tractors, hydraulic excavators, wheel loaders, articulated dump
trucks, motor graders, motor scrapers and truck tractors.
    "This is an excellent opportunity for industry participants who want to
expand or upgrade their fleet with late model and well-maintained equipment -
and perhaps take advantage of the void that will be left in the local
earthmoving industry with the retirement of these two companies," said Brian
Dykstra, Ritchie Bros. Area Manager. "We have an exceptional lineup of
equipment available, and it will all be sold to the highest bidders at the
auction."
    Established in 1949, Caledon, Ontario-based H. Davis Equipment Rental
Ltd. is a family-run business that specializes in site grading for housing
developments. Bob and Doug Davis took over the company from their father in
1980. They are selling more than 100 equipment items in the upcoming Toronto
auction.
    "It's time for my brother and me to retire, but there's going to be
significant road building and infrastructure development in this region in the
coming years, so there'll be a lot of work for earthmoving companies," said
Bob Davis. "We were operating this equipment right up until the last day. It's
well maintained, recently serviced and in excellent running condition. There's
a real range of equipment in the auction to suit your needs, and it's all job
ready. There could be some good deals on auction day; there's no doubt about
it."
    The auction starts at 8 a.m. on Tuesday, December 11 and Wednesday,
December 12 at Ritchie Bros.' permanent Toronto auction site at 3 Manchester
Court, Bolton, Ontario. Like every Ritchie Bros. sale, the auction will be
completely unreserved, meaning there are no minimum bids and no reserve
prices; every item sells to the highest bidder on auction day, regardless of
price. The auction is open to the public; registration to bid is free.
    Interested bidders can find more information about the auction, including
photos and equipment details, on the Ritchie Bros. web site at
www.rbauction.com, or they can visit the Toronto auction site to test and
inspect the equipment in person. The site opens daily at 8 a.m. Additional
items will be added to the auction right up until sale day. To discuss selling
surplus equipment in the auction, contact Ritchie Bros. at 905-857-2422.
    Interested bidders who are unable to attend the auction in person can
register to bid online, live and in real time, using the Ritchie Bros.
internet bidding service, rbauctionBid-Live. Internet bidders must register
online before auction day at www.rbauction.com (at least 2-3 business days is
recommended for first-time registrants).

    About Ritchie Bros.

    Ritchie Bros. is the world's largest auctioneer of industrial equipment,
operating through over 110 locations in more than 25 countries around the
world. The Company sells, through unreserved public auctions, a broad range of
used and unused industrial assets, including equipment, trucks and other
assets utilized in the construction, transportation, material handling,
mining, forestry, petroleum, marine, real estate, and agricultural industries.
The Company maintains a web site at www.rbauction.com.





For further information:

For further information: about the auction contact: Kim Schulz,
Corporate Communications Manager, Ritchie Bros. Auctioneers, Head office tel:
(604) 304-3830 or 1-800-663-8457 or email kschulz@rbauction.com; Or Brian
Dykstra, Area Manager, Ritchie Bros. Auctioneers, Auction site tel: (905)
857-2422


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