Ritchie Bros. Auctioneers Incorporated is an industrial auctioneer, selling equipment to on-site and online bidders. As of 2011, Ritchie Bros operated from over 110 locations in approximately 25 countries, including 43 auction sites worldwide. The Company’s purpose is to create compelling business solutions that enable the world’s builders to exchange equipment. It sells, through unreserved public auctions, a range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. In 2010, approximately 92% of its gross auction proceeds were attributable to auctions held at its auction sites and regional auction unit; the remaining 8% of its gross auction proceeds came from off-site auctions.