Ritchie Bros sells more equipment to on-site and online bidders than any other company in the world. So who did they turn to for help to create Ritchie Bros Financial Services? Travelers.
In 2010 Ritchie Brothers Auctioneers determined that they could increase their sales volume and margin by offering a way for auction patrons to pay for equipment being auctioned. Ritchie Bros chose Travelers as their global partner because of our ability to create customized financial solutions that meet the needs of both Ritchie Bros and its customers.
Since 1988, Falcon Equipment has been providing truck mounted equipment to various industries ranging from building supply, municipal, mining, forestry to the rail industry. The company covers a bit of a niche market as the majority of the equipment it supplies is customized to suit customer needs. Part of those needs often include financing, and that is where the partnership with Travelers comes in. The relationship between Falcon and Travelers dates back nearly 30 years.