RB Global to acquire J.M. Wood Auction Co. for $235M cash, expected Q2 2025

RB GLOBAL INC.

Purchase price $235M cash, 67% paid at closing, balance in three annual installments.
Target's gross transaction value for 12 months ending Oct 31, 2024: ~$320M.
J.M. Wood focuses on commercial construction & transportation assets, including municipal customers.
Acquisition expected to close Q2 2025, subject to HSR antitrust clearance.
J.M. Wood will continue as-is, maintain its Montgomery, AL headquarters.

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