RB Global (RBA) said Tuesday it entered into a definitive agreement to acquire J.M. Wood Auction.
The transaction is expected to be completed in Q2, subject to customary closing conditions, including required regulatory clearances. Financial terms of the deal were not disclosed.
RB Global said the acquisition of J.M. Wood, which focuses on commercial construction and transportation assets, enhances the company's geographic coverage in Alabama and neighboring states.
J.M. Wood will continue to operate as-is with headquarters in Montgomery, Alabama for the foreseeable future, RB Global said.
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