Multi-million dollar equipment auction coming to Connecticut
After 34 years, Venuti Enterprises is closing shop, selling all its assets with Ritchie Bros. Auctioneers
The four Venuti brothers: Donald, Michael, Tim, and Peter, started Venuti Enterprises Inc., with their father, Donald Senior, in Killingworth, Connecticut, USA in 1984. For the past 34 years, the family-run operation has been one of the premier excavation and construction companies in the state, but the family have recently decided to close shop and sell all their assets in a one-day Ritchie Brothers unreserved auction on December 17.
“We started selling with Ritchie Brothers in 1990—they provide excellent local customer service and their auctions reach buyers around the world,” said Peter, Vice President of Venuti Enterprises. “We’re selling our entire fleet in the December auction. It’s all turn-key, well-maintained, and ready to go to work for a new owner. Most of it was purchased new and only worked by my brothers and I.”
Venuti Enterprises is one of more than 100 companies set to sell equipment and trucks in the Ritchie Brothers auction in North Franklin, CT on December 17. Highlights include truck tractors, excavators, wheel loaders, dozers, aggregate equipment, material handling equipment, and more—all items will be sold without minimum bids or reserve prices.
“Companies like Venuti Enterprises are so important for the success of state and local infrastructure,” said Jason Kirkconnell, Regional Sales Manager, Ritchie Brothers “We are so proud to work with the Venuti family and others like them. We encourage interested buyers to check out the available inventory—either onsite or online—then register for the sale and get ready to bid on auction day.”
Visit the Ritchie Brothers website for more information about the North Franklin, CT auction on December 17.