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  "documentTitle": "Ritchie Bros. Auctioneers (RBA)",
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      "text": "Complementary, Attractive Business Models: IAA and RBA have similar business models – they are highly complementary businesses that operate in adjacent verticals.",
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      "text": "High Barriers To Entry: IAA and RBA have amassed significant real estate footprints in every major metropolitan city in the U.S.",
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      "text": "Countercyclical Industries: IAA and RBA have performed well in previous downturns, highlighting resiliency of the salvage vehicle and heavy equipment industries.",
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      "text": "Secular Growth: The salvage vehicle market should experience mid-high single digit growth trends for many years.",
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      "text": "Source: Ancora, Company Filings",
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      "text": "IAA AND RBA: BETTER TOGETHER",
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