Ritchie Bros. announced it has been chosen to sell select trucks and trailers owned by Celadon Group, which filed for Chapter 11 bankruptcy protection in December 2019.
“We anticipate the majority of these assets will be sold through our unreserved public auctions in the United States and Canada in March. All items sold at public auction will be sold without any minimum bids or reserve prices,” says Zac Dalton, Ritchie Bros. director of finance, insurance and insolvency.
“We continue to broaden our presence in the bankruptcy and insolvency space. We provide the complete package, including multiple marketplace solutions, along with a complete suite of additional value-added services, such as storage, insurance, data tools, a comprehensive appraisal offering and more,” Dalton says.
Ritchie Bros. announced earlier this month the launch of its own appraisal services.
