First phase of construction of future 54-acre regional auction site to
be completed at the end of 2013
MANCHESTER, NH, May 29, 2013 /CNW/ - Ritchie Bros. Auctioneers (NYSE and
TSX: RBA), the world's largest industrial auctioneer, broke ground on
its new regional auction site in Manchester (Hooksett), New Hampshire
earlier today, Wednesday, May 29, 2013. The new 54-acre property will
serve as the Company's first regional auction site in the state of New
Hampshire and as a replacement auction site for Ritchie Bros.' 15-acre
regional auction site near Hartford, CT. The first phase of
construction is officially underway with the ground breaking that took
place earlier today. Ritchie Bros. officials were joined by project
consultants, developers as well as local representatives from the Town
of Hooksett, NH, including Hooksett Town Administrator, Dr. Dean E.
"The Town has been working with Ritchie Bros. for nearly two years to
get to this ground breaking, so it is an exciting day for all of us,"
said Dr. Shankle. "Their business is international in scope, they have
an excellent reputation in their field and we are very pleased to have
them become part of the Hooksett business community."
With a strong customer base in the New England market, Ritchie Bros. has
been actively searching for a central and easily accessible property in
the New England area for close to 10 years. Ritchie Bros. finalized a
lease and development agreement on the 54-acre property located at 39
Hackett Hill Road in the township of Hooksett in early May of this
year. The new regional auction site in Manchester, NH will replace
Ritchie Bros. auction site at 106 West Stafford Rd., in Stafford
Springs, CT, which is approximately 125 miles from the new Manchester
"The new regional auction site in Manchester, NH is conveniently located
for our buying and selling customers," said Stephen O'Duggan, Regional
Sales Manager, Ritchie Bros. Auctioneers. "It is directly off of
Interstate 93, just 15 miles from the Manchester-Boston Regional
Airport and 58 miles north of downtown Boston, allowing for easy access
from a transportation perspective."
Ritchie Bros. has a long history of conducting auctions in the New
England market. The Company conducted its first auction in New
Hampshire in 1985 and in Connecticut in 1990. The Company's first
auction at the Hartford (Stafford Springs), CT auction site was in
2006. Since that time, the Company has held 25 additional auctions at
that site, attracting more than 15,000 bidder registrations and selling
more than 11,000 items.
"The first phase of construction is expected to be completed later in
2013 and it will include substantial earthwork improvements to develop
the property into a working auction site of 25 acres," said O'Duggan.
Approximately 18 of the 25 acres will be used for displaying equipment
prior to an auction. The remaining acreage is engineered to allow for
future expansion which will include more display space and the
construction of new auction facilities and services.
Auction facilities planned as part of the first phase of construction
will include a temporary large auction tent with full in-person and
online bidding capabilities and seating capacity for 300± people, an
equipment check-in building, equipment washing facilities with closed
loop water recycling technology and a paved parking area for customers.
Ritchie Bros. will continue to conduct unreserved public auctions at its
Hartford (Stafford Springs), CT auction site until the new auction site
is ready later this year. The next auction at Ritchie Bros.' site in
Hartford, CT is June 18, 2013.
About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's
largest seller of used equipment for the construction, transportation,
agriculture, material handling, energy, mining, forestry, marine and
other industries. Ritchie Bros.™ solutions make it easy for the world's builders to buy and sell
equipment with confidence, including live unreserved public auctions
with on-site and online bidding (rbauction.com), the EquipmentOne™ secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of
value-added services, including equipment financing for customers
through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44
auction sites worldwide. Learn more at RitchieBros.com.
ATTENTION MEDIA: If interested in obtaining a photo of today's groundbreaking ceremony,
please submit your request to CorpComm@rbauction.com. Additional photos and other media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on
SOURCE: Ritchie Bros. Auctioneers
For further information:
Jose Vargas, Corporate Communications Specialist, Ritchie Bros. Auctioneers
Phone: +1.778.331.5439 or email email@example.com
Stephen O'Duggan, Regional Sales Manager, Ritchie Bros. Auctioneers
Hartford (Stafford Springs) site phone: +1.860.684.1055