Upon completion of the transaction, Ritchie Bros. stockholders will own about 59% of the combined company and IAA stockholders will own about 41%. Primary Strategic and Financial BenefitsCombining Ritchie Bros. and IAA's product offerings immediately creates a leading global marketplace for commercial assets and vehicles. This includes leveraging Ritchie Bros.' footprint to expand IAA's broader capacity, including for catastrophic weather events. Erik Olsson, chairman of the Ritchie Bros. Board, will serve as chairman of the Board of the combined company. Following the transaction close, Ritchie Bros. will continue to trade under the symbol RBA on both the NYSE and TSX.