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Press release from CNW Group

Large selection of late-model Caterpillar construction equipment from New Brunswick's Route 1 Gateway Project to be sold in unreserved Ritchie Bros. auction in Montreal, QC

Tuesday, October 16, 2012

Large selection of late-model Caterpillar construction equipment from New Brunswick's Route 1 Gateway Project to be sold in unreserved Ritchie Bros. auction in Montreal, QC07:00 EDT Tuesday, October 16, 2012Two-day unreserved public auction on December 5 - 6 also features a 2010 Gencor 400 TPH portable asphalt plant-new consignments are still being acceptedMONTREAL, Oct. 16, 2012 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will sell a large selection of late-model construction equipment and trucks in a two-day unreserved public auction at its Montreal, QC auction site on December 5 - 6, 2012. Equipment highlights include late-model Caterpillar hydraulic excavators, crawler tractors, wheel loaders, motor graders and articulated dump trucks, as well as a large selection of late-model pickup trucks - many of which were used in the Route 1 Gateway Project in New Brunswick. All equipment will be sold to the highest bidders without minimum bids or reserve prices. Bids in the auction can be made in person at the auction site (1373 Rue Briere, Mont Saint Hilaire, QC), online in real time at www.rbauction.com or by proxy.More than 100 of the equipment items in the auction are being sold for Dexter Construction Company Limited, a heavy civil construction contractor and part of the Municipal Group of Companies based in Bedford, Nova Scotia. The equipment was used on the New Brunswick Route 1 Gateway project, which involved the construction of 55 kilometres of new highway, including all bridges, overpasses and structures. This new section of highway will carry traffic from the United States border to the Trans-Canada Highway in River Glade, New Brunswick."All this equipment was purchased new specifically for this project, has been well maintained and has low hour usage—in the range of 5,000 hours," said Harold Johnson, VP Equipment Division of the Municipal Group of Companies. "When the Route 1 Gateway project began winding down we considered our options for selling such a large group of equipment and decided a Ritchie Bros. auction would be the best way to get market value because of the competitive environment they create with their unreserved auction method and their ability to draw in buyers from around the world."Specific equipment highlights in the Montreal, QC auction include:a 2010 Gencor 400 TPH portable asphalt plant12 2010 Caterpillar 740 6x6 articulated dump trucks10 late-model Caterpillar 345DL hydraulic excavatorseight 2010 Caterpillar 324DL hydraulic excavatorssix late-model Caterpillar D8T crawler tractorsfour 2010 Caterpillar 938H wheel loadersfour 2010 Caterpillar D6T XL crawler tractorstwo 2010 Caterpillar D10T crawler tractorsa 2011 Caterpillar 16M VHP motor grader"Our December auction in Montreal features one of the nicest selections of construction equipment we've ever sold in Eastern Canada and we're still two months away from auction day," said Jessy Cantin, Regional Sales Manager, Ritchie Bros. Auctioneers. "More than 400 construction, transportation and other equipment items have already been consigned, much of it is late model and all of it is ready to be sold to a new owner and put to work. We will continue to add equipment to the sale right up to auction day so we encourage anyone interested in selling their equipment and/or trucks to contact us—we are looking forward to putting on an amazing auction for both our local customers and equipment buyers around the world."The auction is open to the public and registration to bid is free. For more information, visit www.rbauction.com or contact the auction site at +1.450.464.2888.Auction details:Auction location: Ritchie Bros.' Montreal auction site at 1373 Rue Briere, Mont Saint Hilaire, QC, J3H 6E9Date & Time: Wednesday, December 5 & Thursday, December 6, 2012, starting at 8 a.m. each daySite phone: +1.450.464.2888Every auction is open to the public; registration to bid is free; a refundable bid deposit may be requiredHow to register and bid:In person at the auction siteOnline at rbauction.com - register in advance and bid online in real time on auction day; a refundable bid deposit may be required; first-time online bidders should register several days in advance of the auctionBy proxy - phone the auction site to place a proxy bidAbout Ritchie Bros. Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. Ritchie Bros. offers services that enable the world's builders to easily and confidently exchange equipment. The Company conducts hundreds of unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25 countries, including 44 auction sites worldwide. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.comATTENTION MEDIA: 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 Twitter @RitchieBros.SOURCE: Ritchie Bros. AuctioneersFor further information: Ian Malinski - Corporate Communications Specialist Office: +1.778.331.5432 Email: CorpComm@rbauction.com Or Jessy Cantin - Regional Sales Manager Auction site phone: +1.450.464.2888