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Ritchie Bros. Hosts AccuBid Excavation Auction

Wed April 27, 2011 - National Edition
Construction Equipment Guide

Ritchie Bros. Auctioneers will sell 320 heavy equipment items and trucks during a one owner unreserved public equipment auction being held on May 5 in Frederick, Md. The auction is a complete dispersal for Mt. Airy-based AccuBid Excavation Inc., a heavy contractor specializing in site development. The auction is open to the public — anyone can bid in person at the site on auction day, online in real time at or by proxy (for people who aren’t able to bid in person or online on auction day).

Tom Pank, president of AccuBid Excavation Inc., is selling his equipment to focus on another business venture he launched and has operated for the past several years. Though he originally purchased approximately 10 percent of his current fleet at Ritchie Bros. auctions in the past, the Frederick auction on May 5 will be the first time he has ever sold his equipment with the company.

“I’ve dealt with Ritchie Bros. for many years as a buyer and always had good experiences,” said Pank. “When it came time to sell, I explored a few companies with different business models, but decided on Ritchie Bros. because they presented me with flexible contract options and were able to accommodate my needs, including conducting the auction right in my yard even when I thought they wouldn’t. There was a definite ease of doing business with them.”

The package of heavy equipment being sold for AccuBid Excavation includes an unused 2005 Komatsu BR550JG-1 44 X 24 inch jaw crusher, 40 plus hydraulic excavators, 20 crawler loaders, 20 plus crawler tractors, 15 plus articulated dump trucks, 15 plus pick ups, 10 plus vibratory smooth drum rollers, motor scrapers and more.

Ritchie Bros. conducts hundreds of unreserved auctions at its 43 auction sites worldwide each year and also provides full auction services to equipment owners at temporary locations in regions where there is a demand. In 2010, off-site auctions — similar to the upcoming Frederick auction on May 5 — accounted for approximately 25 percent of total industrial auctions conducted by Ritchie Bros.

“The ability of Ritchie Bros. to offer the full auction experience on-site in the customer’s own yard and still attract bidders from around the world is very convenient and easy,” said Kevin Kobus, regional manager, Ritchie Bros. Auctioneers. “It’s just one of the many value-added services we provide which helps give our customers peace of mind when it comes to selling their equipment through us.”

The auction begins at 8 a.m. at the AccuBid Excavation yard at 1010 Deer Hollow Drive, Mt. Airy, Md., 21771

For more information, call 301/829-4080, or visit

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