J.M. Wood Auction Co., a respected presence in the heavy equipment auction business for more than 50 years, has officially joined Ritchie Bros., following the completion of the previously announced acquisition.
J.M. Wood Auction Co.
Backed by the global reach, technology, and resources of Ritchie Bros., J.M. Wood will maintain its Montgomery headquarters, in-person auction format, and leadership team. The company’s values and approach to business now benefit from increased scale and service for buyers.
Founded in 1973 by Malcolm and Brenda Wood, J.M. Wood has become a trusted auction company in the Southeast, with deep roots in the construction, transportation, and municipal sectors.
Buyers of J.M. Wood will gain access to Ritchie Bros.’ global sales base, digital tools, and value-added services, while continuing to work with the same team. For Ritchie Bros., the move adds regional expertise, sectoral strength, and a proven live-auction operation.
The company’s upcoming auctions will continue as scheduled, with added support and reach through the Ritchie Bros. network.
A team excited for collaboration
“This strengthens everything our family has built over the past 52 years,” said Bryant Wood, president of J.M. Wood. “We’re keeping the people, the service, and the experience our customers expect, while adding more ways to deliver value.”
“We’re excited to expand how we serve customers through this key part of our growth strategy,” said Russ Wood, vice president of J.M. Wood. “This allows us to bring even more to the table for our sellers and buyers, while staying true to who we are and how we work.”
“This is a bold step forward, not a change in direction,” Kessler said. “With J.M. Wood’s regional expertise, sectoral strength and customer relationships, and Ritchie Bros.’ scale and technology, we’re bringing together the best of both worlds to create even more opportunities and deliver even more value for our customers.”
