Construction Rental Fleet & Service Equipment

After significant efforts to find a going concern buyer, the team moved forward with an orderly sales process for the machinery, followed by three auction events. Tiger worked closely with the Bank’s workout group to wind down the company and to marshal over 1,200 assets from multiple states and over 200 customer locations.

30% of the assets were sold on an orderly basis and completed in parallel with auction set-up and marketing initiatives, achieving overall higher recoveries.

The team marketed directly to the construction industry as well as equipment dealers. Over 360 buyers from 3 countries and 33 states participated in the orderly sales and auction events.