Oil & Gas – Oilfield Services
Situation
The company filed for bankruptcy in 2018.
Tiger’s Vision
Tiger marshaled assets from multiple location across the US, bringing trucks and trailers to two storage locations in Oklahoma and Pennsylvania, respectively.
Tiger also found and collected 16 different assets from previously unknown locations, then conducted an online-only offering of late-model Kenworth, Peterbilt, and other oilfield tractor trucks and crude oil tanker trailers formerly owned by S&S Heavy Haul LLC.
Outcome
Tiger advanced all costs for recovery, storage, insurance, make-ready, and marketing. Within seven days of court approval of the sale order, Tiger collected, sold, and sent the proceeds of the assets’ sales to the estate. The Tiger auction achieved sales results that exceeded the appraised value of the assets.