After more than 50 years of calling bids across Alabama and the Southeast, J.M. Wood Auction Co. is entering a new chapter — and bringing its legacy along for the ride.
The family-run Montgomery-based auction house has been acquired by global industry leader Ritchie Bros., in a move that companies say aligns with their shared values and customer focus.
According to the two companies, the acquisition by Ritchie Bros., a wholly owned subsidiary of RB Global, combines J.M. Wood’s extensive experience in heavy equipment auctions with Ritchie Bros.’ global reach and technology.
“We’re keeping the people, the service, and the experience our customers expect, while adding more ways to deliver value,” said Bryant Wood, President of J.M. Wood.
Founded in 1973 by Malcolm and Brenda Wood, J.M. Wood has evolved from a family-run operation into a leading auction house in the Southeastern United States. The company is recognized for its exceptional customer service and consistently strong results.
“One of the main reasons we’ve been successful for more than 50 years is that we never lost sight of what matters. You do what you say, you treat people right, and you deliver results. That’s how you build lasting trust,” said Russ Wood, Vice President of J.M. Wood. “Our customers come back because they know we’re consistent, we’re honest, and we care about doing the right thing — not just making the sale.”
When the family considered the company’s future, they sought a partner who shared their approach to business.
“Ritchie Bros. was the clear choice,” said Bryant. “They started small, just like we did. They’ve built trust over time and stayed focused on their customers. That felt familiar to us — it felt right. We’re still J.M. Wood — just stronger, faster and ready to grow even more.”
According to the companies, J.M. Wood will maintain its Montgomery headquarters, live auction format, and leadership team. Upcoming auctions will proceed as scheduled, with additional support from Ritchie Bros.’ network and technology.
“J.M. Wood has earned a reputation for performance, integrity and strong relationships,” said Jim Kessler, Chief Executive Officer of RB Global. “They’ve built a business that reflects our own values – honest work, great service and long-term trust. With our combined strengths, we’re raising the standard in this region and beyond.
“This is a bold step forward, not a change in direction,” Kessler added. “With J.M. Wood’s regional expertise, sectoral strength, and customer relationships, and Ritchie Bros.’ scale and technology, we’re bringing together the best of both worlds to create even more opportunities and deliver even more value for our customers.”
Kessler said the partnership builds on a shared commitment to integrity, relationships and customer service.
“Both Ritchie Bros. and J.M. Wood have spent decades building trust through integrity, relationships and a deep understanding of customers’ businesses,” he said. “We’re thrilled to welcome their team and collaborate to preserve their deep industry expertise, regional and sectoral strength, and customer-focused legacy while also tapping into Ritchie Bros.’ global network, digital capabilities and suite of value-added services.”
Sherri Blevins is a staff writer for Yellowhammer News. You may contact her at [email protected].
