Dechert LLP guided Ritchie Bros.®, the world's largest used industrial equipment auctioneer (NYSE & TSX: RBA), in securing unconditional antitrust clearance from the United States Department of Justice for its US$758.5M acquisition of IronPlanet®, a leading online marketplace for heavy equipment and other durable assets. Dechert developed the antitrust strategy for this historic acquisition, which is expected to transform the company and industry through complementary brands, innovative digital technology, product offerings in multiple channels, and expanded global reach.
The Dechert antitrust team advising Ritchie Bros. was led by partner James A. Fishkin, along with partners Mike Cowie and Craig G. Falls and associates Rani Habash, Anna Aryankalayil, Lillian Okamuro and Blair Kuykendall in Washington, D.C., Konstantin Medvedovsky in New York, and Michael I. Okkonen in Brussels.
With more than 45 dedicated antitrust/competition lawyers in Brussels, Frankfurt, New York, Paris, Philadelphia and Washington D.C., Dechert’s antitrust/competition practice has the global capability to develop creative solutions to the most difficult antitrust issues in merger clearance, litigation and business planning. The firm is consistently ranked among the leaders in legal directories and was named Antitrust Team of the Year by Chambers USA in 2014 and was shortlisted for the same award in 2015 and 2016. Dechert’s antitrust/competition group also created DAMITT, the Dechert Antitrust Merger Investigation Timing Tracker, a proprietary database and a quarterly report providing unique insights to answer critical questions about the timing and trends of U.S. antitrust merger review.
Established in 1958, Ritchie Bros. is the world's largest industrial auctioneer, and one of the world's largest sellers of used equipment for the construction, transportation, agriculture, energy, mining, forestry and other industries. Ritchie Bros. asset management and disposition solutions include live unreserved public auctions with on-site and online bidding; EquipmentOne, an online auction marketplace; Mascus, a global online equipment listing service; private negotiated sales through Ritchie Bros. Private Treaty; and a range of ancillary services, including financing and leasing through Ritchie Bros. Financial Services. Ritchie Bros. has operations in 19 countries, including 45 auction sites worldwide.
About Dechert
Dechert is a global specialist law firm with a deep bench of experts focused on sectors with the greatest complexities and highest regulatory demands. We deliver practical commercial insight and judgment to our clients’ most important matters. Nothing stands in the way of giving clients the best of the firm’s entrepreneurial energy and seamless collaboration in a way that is distinctively Dechert.
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