Former Assets Of Bankrupt Allied Industries Up For Bid
— Tiger Group and PPL Group conducting online sale for equipment formerly owned by environmental services company; bids close late August
NORTH HOLLYWOOD, Calif. (8/6/14) — By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division and PPL Group are auctioning excavators, loaders, tractors, service and pickup trucks, and other warehousing and office assets from the commercial contractor and environmental remediation company Allied Industries, Inc., which operated under the Allied Environmental Services name.
Bidding in the online-only sale of the company’s equipment, which also includes towable generators, general contractors’ tools, computers, and furnishings, will open August 19 at www.SoldTiger.com, and will close in rapid succession, live auction style, on August 26 at 10:30 a.m. (PT). The assets will be available for inspection at the company’s corporate office and construction yard located at 11333 Vanowen St. in North Hollywood on August 25, from 9:00 a.m. to 4:00 p.m. (PT).
“Allied was not only an environmental remediation company, but a general contractor as well. The equipment they use spans many construction applications and should be of interest to a wide range of contractors and do-it-yourselfers,” said Jeff Tanenbaum, president of Tiger Remarketing Services.
Heavy equipment being auctioned includes a New Holland excavator and loaders, a Genie articulated boom lift, three Bob Cats, and a towable vacuum trailer. Rolling stock available for sale includes a 2006 Chevrolet 2500HD DuraMax Diesel, a Ford E-350 18-ft. box truck and E-350 Cargo Van, two 2007 Toyota Tacoma pickup trucks and a 2007 Toyota Corolla, a Sky Jack scissor lift, Toyota and Clark forklifts, and six towable generators.
Available general contractors’ tools include concrete saws, mixers and a breaker; Lincoln and Miller welders; portable generators; more than 85 ladders ranging from eight- to 24-feet tall; and hundreds of hand and power tools. Additional equipment for sale includes dehumidifiers and air filtration systems; as well as negative air machines.
Warehouse and support equipment include job boxes, pallet jacks, warehouse fans, portable heaters, wheel barrows, and pallet racking.
Networking equipment up for bid includes storage arrays, switches, a phone system with more than 25 handsets, and a life-size video conference system. Office equipment available for sale includes wide format printers, more than 40 computers and laptops, and displays. Other equipment and furniture includes HD flat panel televisions; conference, break room and kitchen furniture; as well as desks, task chairs and file cabinets.
For a full description of all assets being auctioned and details on how to bid, visit: www.SoldTiger.com
Allied voluntarily filed for Chapter 11 Bankruptcy Protection in March 2013 in California Central Bankruptcy Court (case number 1:13-bk-11948). It was converted to a Chapter 7 filing in May 2014.
About Tiger Group
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger’s seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively. Tiger’s collaborative, straight-forward approach is the foundation for its many long-term ‘partner’ relationships and decades of success. Tiger operates main offices in Boston, Los Angeles and New York. To learn more about Tiger, please visit www.TigerGroup.com.
About PPL Group LLC
PPL Group LLC is a private equity firm which brings decades of experience and its significant capital to help businesses monetize commercial assets. PPL has worked with hundreds of small to middle-market businesses during turnaround, restructuring, and bankruptcy situations. The company also serves large corporations in the recovery of maximum values for their idle and surplus assets. PPL is a leader in the industrial liquidation and auction business, with a focus on complete plant liquidations and auctions. The company’s experience and expertise allow it to provide the best possible financial recovery for its clients. PPL is headquartered in Northbrook, Illinois. For more information, go to www.pplgroupllc.com