EKB Represents Minority Shareholder in the Disposition of 49% Equity Stake of Ritchie Bros. Financial Services

In 2011 we assisted our client in the negotiation of an agreement with Ritchie Bros. to create Ritchie Bros. Financial Services, a company catering to the financing needs of equipment buyers purchasing through Ritchie Bros. Auctions.

This year we assisted our client in the disposition of their 49% interest in Ritchie Bros. Financial Services for $53.9 million.  The transaction provides for additional compensation contingent on meeting certain performance targets over the next three years and for our client’s ongoing involvement in the business over the next three years.