Advanced Pavement Group
Situation
The company discontinued operations in 2021.
Tiger’s Vision
Tiger worked with the seller to achieve bulk sales, orderly sales, and auction sales of over 500 pieces of equipment from the Company’s location in New York, New Jersey, Pennsylvania, and Delaware. All sales were completed in less than 8 weeks.
Tiger sold 60% of the assets on an orderly basis, which was completed in parallel with the auction set-up and marketing, and achieved higher recoveries than what could be realized at auction.
Outcome
Tiger sold two locations in bulk to end users buyers and sold the remaining assets in two subsequent auctions to generate cash for the owners over a short time period. Leveraging our base of over 80,000 surplus equipment buyers, Tiger netted the client over $6M for the assets.