Asset sale offers unique opportunity to
acquire extensive highway, construction, and material handling
equipment across multiple states
NORTHBROOK, Ill., Dec. 5, 2024
/PRNewswire/ -- Hilco Commercial Industrial (HCI) and Ritchie Bros. Auctioneers (Ritchie Bros.) are pleased to announce
their engagement to monetize assets owned by Highway Equipment
Company, a trusted name in material handling equipment. Established
in 1933, the Pennsylvania-based
company was one of America's leading providers of highway,
construction, oil and gas, mining, quarry and industrial material
handling equipment for over 90 years.
The asset sale will make available an impressive selection of
equipment, including a vast assortment of yellow iron, attachments,
compaction equipment, articulated dump trucks, aggregate crushing
machinery, and hundreds of other essential support assets.
Interested buyers have a valuable opportunity to secure quality
machinery suited to a wide range of applications within these
industries. The more than 2,700 assets will include:
- 10+ Mobile Crushing Units
- 15+ Tracked Screening Plants
- 35+ Tracked Excavators
- 20+ Articulated Dump Trucks
- 15+ Crawler Tractors
- 20+ Wheel Loaders
- 30+ Track Loaders
- 40+ Skid Steers
"Our engagement to monetize Highway Equipment Company's assets
reflects our dedication to providing effective solutions for
transitioning asset portfolios," said Brent
Bonham, Managing Director at Hilco Commercial Industrial.
"This sale enables industry players to obtain high-quality
equipment, reinforcing their operations with assets built for
demanding applications."
"We're thrilled to collaborate with Hilco Commercial Industrial
to showcase this impressive array of equipment assets to buyers
worldwide," said Jake Lawson,
President, Ritchie Bros. North
American Sales. "Together, we're committed to leveraging our
combined expertise and vast buyer network to deliver maximum
visibility and foster strong, competitive bidding for every
asset."
For details on available assets and acquisition procedures,
interested parties are encouraged to contact Hilco Commercial
Industrial or visit www.ironplanet.com/Highway-Equipment.
Comprehensive information and a catalog of assets will be provided
upon request.
About Hilco Commercial Industrial: Hilco Commercial
Industrial (www.HilcoCI.com) is the preeminent global authority on
providing clients with highly customized acquisition, disposition,
and advisory solutions with respect to commercial and industrial
assets, as well as providing bespoke capital solutions. Based upon
a thorough understanding of its clients' assets and the intricacies
of the business operations that utilize those assets, Hilco
Commercial Industrial has established a dependable reputation for
delivering results to companies at every stage of their life
cycles.
Hilco Commercial Industrial is part of Northbrook, Illinois based Hilco Global
(www.hilcoglobal.com), the world's leading authority on maximizing
the value of business assets by delivering valuation, monetization,
advisory, and capital solutions to an international marketplace.
Hilco Global operates more than twenty specialized business units
offering services that include asset valuation and appraisal,
retail and industrial inventory acquisition and disposition, real
estate and strategic capital equity investments.
About Ritchie Bros.:
Ritchie Bros. Auctioneers, an RB
Global company (NYSE: RBA) (TSX: RBA), is a global asset management
and disposition company, offering customers end-to-end solutions
for buying and selling used heavy equipment, trucks, and other
assets. Ritchie Bros. was
established in 1958 in Kelowna,
Canada. With a global network of 60+ permanent auction sites
around the world and operations in 14+ countries, Ritchie Bros. sells billions of dollars of heavy
equipment and trucks each year via our multiple selling platforms:
Ritchie Bros. Auctioneers,
IronPlanet, and Marketplace-E. For more information about
Ritchie Bros., visit
rbauction.com.
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SOURCE Hilco Commercial Industrial