August 3 - Industrial auctioneer Ritchie Bros has acquired the business of North Frankin, Connecticut based Petrowsky Auctioneers for USD7 million.

Ritchie Bros says that the purchase will significantly enhance its market presence in the New England region of the USA.

Petrowsky specialises in the sale of equipment in the construction and transportation industries, which Ritchie Bros says is well aligned with its focus.

The Petrowsky brand will be maintained as a brand extension within the Ritchie Bros family. Founder of Petrowsky, Sammy Piotrkowski, will continue to lead the business.