Rermag Com Sites Rermag com Files Uploads 2013 05 Ritchie Bros Auctioneers Nh Groundbreaking
Rermag Com Sites Rermag com Files Uploads 2013 05 Ritchie Bros Auctioneers Nh Groundbreaking
Rermag Com Sites Rermag com Files Uploads 2013 05 Ritchie Bros Auctioneers Nh Groundbreaking
Rermag Com Sites Rermag com Files Uploads 2013 05 Ritchie Bros Auctioneers Nh Groundbreaking
Rermag Com Sites Rermag com Files Uploads 2013 05 Ritchie Bros Auctioneers Nh Groundbreaking

Ritchie Bros. Breaks Ground on New Hampshire Auction Site

May 29, 2013
Ritchie Bros. Auctioneers this week broke ground on its new regional auction site in Manchester, N.H. 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, Conn. The first phase of construction is officially underway after the ground breaking that took place Wednesday morning. Ritchie Bros.
The Ritchie Bros. management team (in orange) is joined by Town of Hooksett officials at the groundbreaking for the new 54-acre regional auction site in Manchester, N.H.

Ritchie Bros. Auctioneers this week broke ground on its new regional auction site in Manchester, N.H. 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, Conn. The first phase of construction is officially underway after the ground breaking that took place Wednesday morning. Ritchie Bros. officials were joined by project consultants, developers as well as local representatives from the Town of Hooksett, N.H., including Hooksett town administrator, Dr. Dean Shankle.

"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 in early May.

"The new regional auction site in Manchester, N.H., 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. conducted its first auction in New Hampshire in 1985 and in Connecticut in 1990. Its first auction at the Hartford, Conn., 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 more than 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 auction site until the new auction site is ready later this year. The next auction there is June 18.

Ritchie Bros. is the world's largest seller of used equipment for the construction, transportation, agricultural, material handling, energy, mining, forestry, marine and other industries. The company also operates an online marketplace through Ritchie Bros. EquipmentOne and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services. The company has more than 110 locations in more than 25 countries, including 44 auction sites worldwide.