Online Auctions Feature $20 Million in PIRCH Appliances Inventory

High-end appliances, kitchen hardware, bathroom fixtures and hundreds of other items go to auction in court-approved bankruptcy sales on Aug. 6, 8, 13-14 and 15-16
LOS ANGELES, Aug. 1, 2024 — Onyx Asset Advisors (ONYX), CA Global Partners (CAGP) and Tiger Group will hold four online auctions in August featuring inventory from Southern California’s high-end PIRCH Appliances.

The retailer, which operated six locations, filed for Chapter 7 this past April in the U.S. Bankruptcy Court for the […]

Continue Reading >Online Auctions Feature $20 Million in PIRCH Appliances Inventory

Tiger Group and Liquidity Services to Hold Online Oilfield Equipment Auction on July 30

Tiger Group and Liquidity Services also offer general-use trucks, trailers, power tools and forklifts in court-ordered bankruptcy sale of assets from El Dorado Gas & Oil, Inc.
Tiger Group and Liquidity Services are conducting the sale, which boasts more than 180 lots from two locations in Victoria, Texas, as part of a series of court-ordered auctions related to the bankruptcy of El Dorado Gas & Oil, Inc. (Bankruptcy Case […]

Continue Reading >Tiger Group and Liquidity Services to Hold Online Oilfield Equipment Auction on July 30

Tiger Group Facilitates Sale of Outdoor Voices to Consortium Brand Partners

Tiger Group’s advisory services division has facilitated the sale of athleisure lifestyle brand Outdoor Voices to consumer-focused investment manager Consortium Brand Partners.

After encountering financial distress, Outdoor Ventures engaged Tiger for a two-step process. The first was to provide strategic advice on how to best monetize excess inventory and restructure the company; Tiger would then act as the exclusive agent in a post-restructuring sale process.

“We saw […]

Continue Reading >Tiger Group Facilitates Sale of Outdoor Voices to Consortium Brand Partners

Online Auction Features Pristine Excess Equipment from Renewable Energy Tech Firm

On July 23, Tiger Group offers late-model equipment and other high-utility assets from a Lakewood, California, facility
LAKEWOOD, Calif., July 15, 2024 — A Tiger Group auction on July 23 features late-model, state-of-the-art equipment that is excess to the ongoing operations of a renewable energy technology company.

The timed, online auction, which includes assets at a Lakewood facility, closes on Tuesday, July 23, at 10 a.m. (PT). Bidding opens on Tuesday, July 16, at SoldTiger.com.

The July 23 auction will feature equipment […]

Continue Reading >Online Auction Features Pristine Excess Equipment from Renewable Energy Tech Firm

Bankruptcy of Oil & Gas Services Firm Prompts a Series of Online Auctions

Court-ordered sales by Tiger Group and Liquidity Services will feature more than 10,000 items, including drilling and frac equipment, rolling stock, industrial machinery, and more; first two auctions close July 17 and July 25
JACKSON, Mississippi – July 9, 2024 — Tiger Group and Liquidity Services today announced plans to hold a series of court-ordered online auctions related to the bankruptcy of national energy services firm […]

Continue Reading >Bankruptcy of Oil & Gas Services Firm Prompts a Series of Online Auctions

Tiger Finance Posts Strong Q2 Lending Growth in 2024

Wholesaler and Retailers focused on e-commerce, furniture and apparel turn to Tiger to meet working capital needs

Tiger Finance’s lending platform continued to grow in the second quarter ended June 30, providing $90 million in financing to retail and other borrowers across North America.

Significant second-quarter deals included providing $15 million to an outdoor-lifestyle retailer/ wholesaler, $21 million to a wholesale/ecommerce furniture manufacturer and an additional $7.5 million, […]

Continue Reading >Tiger Finance Posts Strong Q2 Lending Growth in 2024

Tiger Group and HyperAMS Host Auction for Production Equipment from Film Manufacturer

A live webcast auction on June 26 features the Phoenix plant of manufacturer Zummit Plastics. The sale of the closed, 85,000-square-foot manufacturing facility, which is filled with late-model equipment in good condition, is available to both turnkey buyers and those interested in acquiring assets individually. Tiger Group and HyperAMS are hosting the sale by order of secured creditors.

Pre-bidding is available now. The live webcast auction […]

Continue Reading >Tiger Group and HyperAMS Host Auction for Production Equipment from Film Manufacturer

Timed Online Auction on June 11 Features Assets from Medrobotics’ 40,000-Square-Foot Massachusetts Plant

Advanced surgical robotics systems, high-utility lab equipment and other M&E now available either piecemeal or turnkey in sale by Tiger Group and Liquidity Services
RAYNHAM, Mass., May 29, 2024 /PRNewswire/ — A June 11 online auction by Tiger Group and Liquidity Services features intellectual property and $12 million in medical equipment and inventory from Medrobotics—including 23 of the company’s groundbreaking Flex and next-gen Flex360 surgical robotics systems.

The assets, which include a broad array of lab, assembly/manufacturing, […]

Continue Reading >Timed Online Auction on June 11 Features Assets from Medrobotics’ 40,000-Square-Foot Massachusetts Plant

Lightning eMotors’ Late-Model EVs Go to Auction on May 30th

$10 million Tiger Group sale features more than 100 fleet-suitable EVs, along with e-motors, battery packs, auto parts and advanced equipment such as dynamometers and laser-cutters
LOVELAND, Colo., May 21, 2024 /PRNewswire/ — A Tiger Group online auction on May 30 gives fleet operators, repair shops, carmakers and other potential buyers the chance to bid on $10 million in parts, tools, equipment and EVs formerly owned by Lightning eMotors.

The Loveland-based company converted conventional, fossil fuel-burning vehicles into […]

Continue Reading >Lightning eMotors’ Late-Model EVs Go to Auction on May 30th

Asset-Based Lenders Give Fashion Companies New Options

Asset-Based Lenders Give Fashion Companies New Options
By: Bradley W. Snyder

Many industries in North America—including apparel—continue to face financing challenges due in no small measure to the pullback from today’s more risk-averse national banks. This post-Covid-era trend is part of the reason for an increase in distress and bankruptcy filings among retailers and wholesale distributors.
In many cases, distressed companies are operating with higher-than-optimal inventory levels—a holdover […]

Continue Reading >Asset-Based Lenders Give Fashion Companies New Options