Aug 29 (Reuters) - Ritchie Bros. Auctioneers Inc RBA.TO
* Will acquire Ironplanet for approximately $758.5 million, subject to customary closing adjustments
* Intends to finance transaction through a combination of cash on hand and new debt
* Has bridge financing commitments from Goldman Sachs (NYSE:GS) Bank USA
* Transaction is expected to be accretive to earnings within first year
* Following close and required financing, Ritchie Bros is expected to have a net debt to EBITDA ratio of no more than 3.0x
* Gregory Owens has agreed to join combined company's executive committee upon closing Source text for Eikon: ID:nPn68t8Lna Further company coverage: RBA.TO