Publicly traded industrial auctioneer Ritchie Bros. relied on Sard Verbinnen & Co. for PR support in its $760M acquisition of online heavy equipment marketplace IronPlanet.
Ravi Saligram, CEO of Vancouver-based Ritchie, called the deal a “transformative transaction” and the “next logical step” for his company’s growth.
IronPlanet, based in Pleasanton, Calif. and backed by Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar and Volvo, hosts an online portal for sales and auctions of used heavy equipment. The company was founded in 1999
Sard San Francisco principal David Isaacs advised Ritchie Bros. on the PR front.
Susan Stillings leads corporate communications for Ironplanet.
Why selling your public relations firm to a strategic buyer delivers not only a high monetary payoff but is also the clearest path to securing your legacy.
Kekst CNC represents the DallasNews Corp. as it gets acquired by Hearst Corp. for about $75M. The 140-year-old Dallas Morning News will join Hearst's 28 dailies.
M&A transactions in the PR and marketing communications sectors were up 10 percent in 2024, according to Davis+Gilbert’s newly released M&A Activity Tracker.
Avoq has acquired SRA Communications, a Harrisburg-based PA shop focused on public health, banking, energy and public utilities.
