After more than 50 years of calling bids and building credibility in Alabama and the Southeast, JM Wood Auction Co. is stepping into a new era while preserving its legacy.
This family-run auction house, based in Montgomery, has been purchased by the global leader Ritchie Bros.
The merger integrates JM Wood’s extensive expertise in heavy machinery auctions with Ritchie Bros.’ wide-reaching global presence and advanced technology.
“We’re excited to share that we’re genuinely a reliable source of service,” stated Bryant Wood, the president of JM Wood.
Founded in 1973 by Malcolm and Brenda Wood, JM Wood has transitioned from a family operation into a significant player in the southeastern U.S. auction scene, recognized for excellent customer service and strong outcomes.
“One of the key factors in our success over the years is that we’ve always focused on what truly matters. We fulfill our promises, treat people well, and deliver results. That’s how trust is built over time,” Bryant noted. “Our clients return because they recognize our consistency and honesty, and we’re committed not just to selling but to doing what’s right.”
As the family evaluated the company’s future, they sought partners who shared their business principles.
“Ritchie Brothers stood out as the ideal choice,” Bryant remarked. “They originated from modest beginnings like us, building their reputation through consistent service and customer focus. It felt familiar—like a good fit. We’ll continue to be JM Wood.”
JM Wood will keep its headquarters in Montgomery and maintain its live auction format along with its leadership team. Upcoming auctions are set to proceed as scheduled, bolstered by Ritchie Bros.’ resources in networking and technology.
“JM Wood has established a strong reputation for performance, integrity, and building relationships,” commented Jim Kessler, CEO of RB Global. “They’ve cultivated values that resonate with ours, including honest work and excellent service. By combining our strengths, we’re elevating standards in this region and beyond.”
Kessler emphasized that this partnership marks a significant progression rather than a shift in direction. “By integrating JM Wood’s regional insight and customer connections with Ritchie Bros.’ scale and technology, we’re creating enhanced opportunities and greater value for our clients.”
He expressed their shared dedication to integrity, relationships, and customer service. “Both Ritchie Brothers and JM Wood have dedicated decades to establishing trust through these principles. We’re thrilled to welcome their team and leverage Ritchie Bros.’ capabilities to nurture their industry knowledge and customer-focused heritage while expanding our global network and value-added services.”
