News Releases - February 19, 2019

LAS VEGAS, NEVADA (February 19, 2019) – In 2014 GovPlanet began selling Humvees from the U.S. Department of Defense to the public. Now it's set to release two new military vehicles to the U.S. public market: the ITV (Internally Transportable Vehicle), nicknamed the "Growler", and the MTVR (Medium Tactical Vehicle Replacement).

The M1161 ITV Growler is a 4x4 "jeep-style" vehicle with a Navistar 2.8L diesel, 132-horsepower engine. It is approximately 13.5 ft. long, 5 ft. wide, and 6 ft. high. The ITV was developed by the American Growler company in 1999 and entered into service with the U.S. Marine Corps in 2009 as a utility, scout, or fast-attack vehicle.

The MTVR is a 6x6, seven-ton cargo truck with a Cat C12 diesel, 410-horsepower engine. It is approximately 26 ft. long, 8 ft. wide, and 11.5 ft. high. The MTVR entered into production in 2005 and is still in regular operation with the U.S. Navy and Marine Corps as a prime mover for the M777 howitzer, as well as troops, fuel, water, and a wide variety of other equipment.

"This is obviously an extremely rare and unique opportunity to purchase highly-spec'd vehicles built for and used by the U.S. military," said Doug Feick, SVP, New Business and Corporate Development, Ritchie Bros. "Following up on the success we achieved with the sales of the Humvee for the U.S. Department of Defense, which garnered a ton of public interest and excitement, sales of the ITVs and MTVRs showcases our ability to provide innovative, best-in-class disposition solutions for the U.S. government, as well as other federal, state, and local agencies."

As GovPlanet is a Ritchie Bros. solution, both the ITV and MTVR, which are set to start selling through GovPlanet.com this spring, are currently on display at Ritchie Bros. massive six-day onsite auction in Orlando, FL. More than 13,500 equipment items, trucks, and other industrial assets are set to sell in the Orlando auction between February 18 – 23.

For more information on the ITV and MTVR vehicles and to sign-up to be notified when they are available for sale, please visit GovPlanet.com/Growlers.

About GovPlanet

GovPlanet, a Ritchie Bros. solution, was launched in 2014 to address the specialized equipment disposition needs of public entities, from federal, including military, to state, local and municipal. Each week, on average, GovPlanet draws close to 90,000 attendees to its online auctions. Items go into preview two weeks in advance and bidders can view photos, video and inspection reports. All items sold on GovPlanet have been inspected and come with IronPlanet's exclusive IronClad Assurance(R) equipment condition certifications, which give bidders the confidence to buy online from anywhere in the world.

About Ritchie Bros.

Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a multitude of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance(R) equipment condition certification; Marketplace-E, an online marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The company also offers sector-specific solutions including GovPlanet, TruckPlanet, Kruse Energy Auctioneers, and Cat(R) auctions, plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about the unprecedented choice provided by Ritchie Bros., visit RitchieBros.com.

Photos and video for embedding in media stories are available at rbauction.com/media.

For more information, please contact:
Ian Malinski
Media Relations Manager
+1(778) 331-5432
CorpComm@rbauction.com