Tiger Capital Group to Auction Assets of ITT Educational Services
—Well-maintained furniture, fixtures and equipment consolidated from 106 locations to warehouse sites in Florida, Maryland and Oklahoma available in three online auctions
By order of the Bankruptcy Trustee of ITT Educational Services, Tiger Capital Group is conducting three online auctions next month for furniture, fixtures and equipment from the nationwide career college. The assets have an estimated acquisition value of more than $10 million
Thousands of units of electronic testing equipment; medical training equipment; computers, network and telecom equipment; office, lab and classroom furniture, and more will be being offered for sale on an individual basis or in lot sizes to suit all buyers. For the sales, high quality, well-maintained assets from 106 locations nationwide have been consolidated into three warehouse facilities in Jacksonville, Fla., Hagerstown, Md., and Oklahoma City, Okla.
Online bidding for the assets will commence December 1 at www.SoldTiger.com/itt. Bidding will close in rapid succession, live auction style, on December 8, beginning at 10:30 a.m. (ET), for the Florida assets; December 13, at 10:30 a.m. (ET), for the Maryland assets; and December 15, at 10:30 a.m. (CT), for the Oklahoma assets.
The assets will be available for inspection on December 7, from 9:00 a.m. to 5:00 pm (ET) at 1501 Haines Street in Jacksonville, Fla.; on December 12, from 9:00 a.m. to 5:00 pm (ET), at 100 Tandy Road, Hagerstown, Md.; and on December 14, from 9:00 a.m. to 5:00 p.m. (CT), at 7501 SW 29th Street, Oklahoma City, Okla.
“Large and small educational, technical and medical institutions, as well as just about any kind of business will be interested in the furniture, fixtures, computers and other equipment that will be available for sale at these auctions,” said Jeff Tanenbaum, President of Tiger’s Commercial & Industrial division. “The volume, variety and high quality of the assets will satisfy the needs of many businesses and institutions.”
Electronic testing equipment and related assets up for bid include a large volume of oscilloscopes, function generators, multimeters, DC power supplies, and other devices.
Available medical and hospital training equipment includes many Hill Rom 1000 hospital beds; and gently used examination tables, phlebotomy chairs, EKG machines, blood glucose meters, and other instruments. Teaching aids up for bid include simulators and training mannequins by Lifeform, Vata, and Laerdal, as well as skeletons.
Computers include desktops, laptops, and tablets by Apple and other manufacturers. Telecommunications systems offered include Cisco switches and routers, and Avaya VOIP phone systems and handsets. Bidders can also choose from MakerBot 3D printers, large format color printers, laser printers, scanners, fax machines, and other IT equipment.
Dell, Hitachi and Epson DLP projectors and other audiovisual equipment will be available for sale, in addition to flat-screen televisions measuring up to 60 inches, stereo systems, DVD duplicators, and other assets.
Office, classroom furniture and other equipment includes hundreds of Steelcase adjustable stools, Herman Miller Aeron swivel arm chairs, thousands of plastic and metal stack chairs, butcher-block-top worktables, lab tables, and Schwab and SentrySafe fireproof file cabinets.
Also available will be a large quantity of textbooks, Spex forensics lights, teaching aids, french door stainless steel refrigerators, and more.
ITT Educational Services filed for voluntary bankruptcy on September 16, 2016 in the United States Bankruptcy Court for the Southern District of Indiana, Indianapolis Division (case Number 1:16-bk-07207). The sale is being conducted in cooperation with Reich Brothers.