---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-115108"
form_type: "8-K"
ticker: "RBA"
cik: "0001046102"
company_name: "RB GLOBAL INC."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T04:58:09.329431+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Ritchie Bros. to acquire IAA for ~$7.3B in stock/cash; expected close H1 2023

## Summary
- IAA stockholders receive $10 cash + 0.5804 RBA shares per share; ~19% premium to IAA's Nov 4 close.
- Transaction multiple of 13.6x IAA LTM Adjusted EBITDA; combined pro forma GTV ~$14.5B.
- Expected annual run-rate cost synergies of $100-120M by end of 2025.
- RBA stockholders will own ~59% of combined company; IAA stockholders ~41%.
- Financing includes $750M revolver backstop and $2.8B bridge loan commitment.

## SEC filing metadata
- accession: 0001104659-22-115108
- form_type: 8-K
- ticker: RBA
- cik: 0001046102
- company_name: RB GLOBAL INC.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046102/000110465922115108/0001104659-22-115108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046102/000110465922115108/tm2229848d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-115108
- JSON: https://secwatch.observer/filing/0001104659-22-115108.json
- Plain text: https://secwatch.observer/filing/0001104659-22-115108.txt

## Key facts
- Material Agreements
  RB GLOBAL INC. entered into Agreement and Plan of Merger and Reorganization with IAA, Inc. valued at approximately $7.3 billion (effective 2022-11-07).
  - Action: entry
  - Agreement: merger
  - Counterparty: IAA, Inc.
  - Value: approximately $7.3 billion
  - Effective: 2022-11-07
  source text: On November 7, 2022, Ritchie Bros. Auctioneers Incorporated, a company organized under the federal laws of Canada (“RBA”), entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with Ritchie Bros. Holdings Inc., a Washington corporation and a direct and indirect wholly owned subsidiary of RBA (“US Holdings”), Impala Merger Sub I, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of US Holdings (“Merger Sub 1”), Impala Merger Sub II, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of US Holdings (“Merger Sub 2”), and IAA, Inc., a Delaware corporation (“IAA”), providing for RBA’s acquisition of IAA for total consideration as of the date hereof of approximately $7.3 billion, including the assumption of approximately $1.0 billion in debt.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046102/000110465922115108/0001104659-22-115108-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.