Industry: Construction Rental Fleet & Service Equipment Situation Aerial Access Equipment was one of the largest independent construction rental equipment companies in the southeastern United States with over 2,000 rental units. Tiger’s Role After significant efforts to find a going concern buyer, the team moved forward with an orderly sales process for the machinery, followed by three auction events. Tiger worked closely with the Bank’s workout group to wind down the company and to marshal over 1,200 assets from multiple states and over 200 customer locations.30% of the assets were sold on an orderly basis and completed in parallel with auction set-up and marketing initiatives, achieving overall higher recoveries.The team marketed directly to the construction industry as well as equipment dealers. Over 360 buyers from 3 countries and 33 states participated in the orderly sales and auction events. Resolution Tiger sold over 2,000 lots of heavy equipment in less than 120 days via multiple sales channels – helping the lender to recover funds in a short amount of time. Industry: Road Construction & Snow Removal Situation The company discontinued operations in 2021. Tiger’s Role Tiger worked with the seller to achieve bulk sales, orderly sales, and auction sales of over 500 pieces of equipment from the Company’s location in New York, New Jersey, Pennsylvania, and Delaware. All sales were completed in less than 8 weeks.Tiger sold 60% of the assets on an orderly basis, which was completed in parallel with the auction set-up and marketing, and achieved higher recoveries than what could be realized at auction. Resolution Tiger sold two locations in bulk to end users buyers and sold the remaining assets in two subsequent auctions to generate cash for the owners over a short time peri-od. Leveraging our base of over 80,000 surplus equipment buyers, Tiger netted the client over $6M for the assets. Industry: Audio-Visual Equipment Situation The acquisition of Clairmont Camera by Keslow Camera – one of North America’s largest privately-owned motion picture equipment rental houses – created signif-icant equipment redundancies, which led to the finest collective offering of cine-matography gear available in the market. The purchase more than quadrupled the ongoing rental company’s stock. Tiger’s Role The strategic asset disposition plan included multiple phases to ensure the prices in the Audio-Video marketplace would remain stable. All gear was moved to two secure warehouses for sale preparation. Prospective buyers had the opportunity to inspect, test and have questions answered by seasoned AV specialists.Private treaty sales allowed the rental industry to select gear that could be immedi-ately utilized. Multiple auctions were then conducted to attract global bidders. Resolution All gear was sold, resulting in what’s believed to be the most extensive asset dis-position program conducted to date for high-quality rental surplus cinematography gear. In addition, more than 18,000 Tiffen filters were sold, resulting in the largest open market sale for this inventory. Industry: Oil & Gas – Oilfield Services Situation Oilfield services company in receivership in Alberta, Canada. Tiger’s Role Tiger conducted a mix of orderly and auction sales of the assets of the company, which included service rigs, deck, pump, and auxiliary trucks from manufacturers such as NOV, Crane Carrier, Cardwell, Franks, Irontech, Rykar, MWS, Internation-al, Western Star, Freight-liner, and Kenworth. Resolution Tiger provided a guarantee on the proceeds of the sale to the Receiver, and the results provided upside sharing of additional proceeds to the estate. Industry: Construction – Rental Equipment Situation Houston-based Prime Equip Solutions needed to liquidate its broad range ofequipment, including a fleet of aerial work platforms and a large inventory of earthmovingequipment. Tiger’s Role The team made absolutely sure all options had been explored with respect tofinding a potential turnkey, or going-concern buyer, before going to auction. Aftersignificant efforts, no buyer emerged, and the team moved forward with an intentional,four-month orderly process prior to a final auction for the individual assets,resulting in a higher net recovery for the client than in a straight auction scenario. Resolution Tiger assisted the lender and its consultant in determining cost-effective equipmentrepairs while managing all aspects of the five-month sale process, whichincluded off-site assets in Florida and Georgia, as well as British Columbia and Alberta,Canada.The net effect of this approach allowed Prime Equip to attain more than a 20%higher recovery (a seven-figure difference for the client) than would have beenachieved by going directly to auction. Industry: Pharmaceutical Equipment Situation Product Quest, which made over-the-counter drugs and cosmetics, as well as some prescription drugs and animal health products, filed for bankruptcy and shut-tered its operations. Tiger’s Role Tiger Liquidity Services Biopharma Partners (TLSBP) marketed and sold all of the company’s assets, including inventory, machinery and equipment, and real estate in two states.Also marketed and sold was a 16.4-acre lot in Kannapolis, N.C. Product Quest’s former manufacturing plant included about 150,000 square feet of usable area, with dedicated warehouse space and laboratories, as well as filling and kitting lines and batching suites. Resolution Tiger sold Product Quest’s North Carolina assets to Durham, N.C.-based Tergus Pharma for approximately $4 million. In addition, it sold former Product Quest real estate, warehouses and other assets in Daytona, Fla., to another buyer for $1.7 million. Industry: Food & Beverage Situation At its peak, Saratoga was the fourth largest brewery in New York State and producedmore than 30 different types of high quality, fresh craft-brewed ales andlagers. Following the closure of the New York subsidiary of California-based MendocinoBrewing, the assets were offered as a turnkey operation or on a piecemealbasis. Tiger’s Role Tiger conducted a live online auction of the complete brewing operations, includinga pristine, 125-barrel-per-day brew house, a Krones/Pearson bottling line, anautomatic keg washing and filling system, a laboratory and tasting room, and furniture. Resolution Tiger sold the entire plant to an investor group that planned to operate the plant inplace. Recoveries far exceeded forced liquidation value, which well surpassed theclient’s expectations, and helped return the building to the landlords in compliancewith strict lease requirements.A diverse pool of global prospects from across the US, Canada and South Americaparticipated in the sale, including 13,000 unique visitors to the Tiger biddingsite, and 59 active bidders. Industry: Oil & Gas – Oilfield Services Situation The company filed for bankruptcy in 2018. Tiger’s Role 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 loca-tions, 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. Resolution Tiger advanced all costs for recovery, storage, insurance, make-ready, and mar-keting. 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. Industry: Audio-Visual Equipment Situation Due to financial conditions resulting from the Covid-19 pandemic, one of Canada’s largest full-service live event rental production companies was placed in receiver-ship in 2020 and forced to close operations and liquidate assets. Westbury’s AV Integrative Division, which specialized in designing and implementing systems integrations for Enterprise, Healthcare, Education, Government, Gaming, Sports, Entertainment, and Worship clients was also offered in the asset portfolio. Tiger’s Role Tiger determined that a two-tiered strategic liquidation and auction sale plan would be created to maintain price sustainability and ensure that the market would not be flooded with equipment.All gear was catalogued and priced out to allow access to North American and in-ternational buying markets. A four-day online auction took place, providing a rare opportunity for rental and production companies, houses of worship, universities and other end-users to add to their existing inventory. Resolution The project was completed in 120 days with over 50,000 pieces of gear sold. Over 400 Registered participated in the sale, resulting in a strong asset return. Industry: Livestock/Farm Equipment Situation The lenders and company sold the assets in a 363 sale to Tiger. Tiger’s Role Tiger placed a competitive market bid for the company’s Machinery and Equipment assets at five plants and 19 ranch/farm locations in California.A live online auction was then held for more than 200 units of well-maintained roll-ing stock and farm equipment — as new as 2016 — including truck and farm trac-tors, poultry haulers, feed trailers, water trucks, pickup trucks and more.Tiger followed that sale with a separate, two-day live online auction for Zacky Farms’ poultry processing operations including slaughter, whole bird packaging, boning, and hot dog processing facilities. Resolution Tiger sold one plant in bulk to a poultry processor and sold the remaining assets in a series of subsequent auctions.