Tiger Commercial & Industrial Liquidation Update

Tiger Liquidity Services Energy Partners Auctions Selected Assets of Aly Energy Services

Tiger Liquidity Services Energy Partners (TLSEP), a strategic alliance between Tiger Group and Liquidity Services, Inc., held an online auction for assets of Aly Energy Services, Inc., a Houston-based oilfield manufacturing, rental and services company. The assets, which supported oil and gas exploration, were located in strategic basins in Odessa/San Angelo, Texas; Oklahoma City, Okla.; and Montrose and Mount Morris, Pa.

The sale was the latest project for the alliance between Tiger Group and Liquidity Services (LQDT), that was formed in January 2016 to help insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market, and to directly assist companies seeking to sell surplus assets.

Available assets included operational and idle measurement-while-drilling (MWD) equipment, directional and solids control equipment, and a variety of surface equipment that included tanks, centrifuges, transfer pumps and more.

Online bidding for the assets, which were available for a negotiated sale to qualified companies prior to the auction, commenced at www.networkintl.com, Liquidity Services’ marketplace for idle and used energy equipment in the oil and gas industry, and www.SoldTiger.com.

Kingman Farms Auction

Farm Bankruptcy: Late Model Farm, Construction, Other Industrial Equipment To Be Sold

By order of the Bankruptcy Court, Tiger Group, in cooperation with Rabin Worldwide, will conduct a live/webcast auction on March 23 of assets formerly owned by Kingman Farms. Late-model, well-maintained equipment– including tractors, bale stackers, backhoes, graders, scrapers, rolling stock, and more—will be available for sale.

Live bidding will take place at the La Quinta Inn & Suites Kingman, 3419 Hotel Way Kingman, beginning at 10:30 a.m. (MT) on March 23. Those intending to bid online via webcast during the auction are required to register at www.bidspotter.com. Previews of the assets being offered in the auction will be held at 172500 Stockton Hill Road (MM32.5) Kingman, and Golden Valley Farm, 4536 W. Dora Dr., Golden Valley, from 8:00 a.m. to 4:00 p.m. (MT) on Mar. 21 and 22.

“This event provides an excellent opportunity for owners and operators of farms, construction companies, as well as drilling and irrigation firms to purchase tractors, vehicles, equipment, implements, pumps and more at auction prices,” said Jeff Tanenbaum, President of Tiger’s Commercial & Industrial division.

Former Pillsbury Dough Production Plant & Equipment Sold

Tiger Group and New Mill Capital conducted a live webcast auction sale for over 2,500 pieces of equipment located at the former Pillsbury dough production plant in New Albany. Separately, the two companies were also accepting purchase or lease offers for the 450,000-square-foot building and refrigerated warehouse space, which sat on approximately 34.5 acres.

The facility which made Pillsbury-branded cinnamon rolls and other dough and bakery products, was shuttered in August 2016 by General Mills. A joint venture of New Mill and Tiger purchased the site in November with most equipment in place. The auction included late-model, well-maintained liquid processing and blending, bulk powder processing and blending, sifting, and dough mixing equipment, along with shortening systems and secondary packaging machinery. Also up for bid were electrical and ammonia equipment, parts, maintenance and plant support equipment.

“While this was a dough production facility, a large percentage of the equipment sold translated well across the entire food processing industry. It was a great auction for companies in the market for equipment to purchase well-maintained machinery with no lead-time,” said Eric Weiler, Principal of New Mill Capital. “When you have an equipment sale of that size, there was something for everyone.”

Located in the metro Louisville area, the plant/warehouse offered for sale or lease features ample refrigeration capacity and is well docked. The building can be adapted for a single occupant or multiple tenants, according to Global Food Properties, which is managing the real estate offering for New Mill and Tiger.

Joseph Dicapua - Senior Appraiser, Machinery & Equipment

Dicapua Joins Tiger Valuation Services As Senior Appraiser In M&E Division

Continuing to support the expansion of its Machinery and Equipment Group, Tiger Valuation Services, an affiliate of Tiger Capital Group, announced that Joseph DiCapua has joined the company as a Senior Appraiser.

DiCapua brings to Tiger over 15 years’ experience managing machinery and equipment valuation projects for major financial institutions. He holds the Accredited Senior Appraiser designation from the American Society of Appraisers (ASA), as well as the Certified Appraiser designation from The Association of Machinery and Equipment Appraisers (AMEA). He will be based in Tiger’s corporate headquarters at 99 Park Avenue in Manhattan.

“Bringing Joseph onto the Tiger team reflects our ongoing commitment to both expanding and refining our M&E appraisal practice,” said Bryan Seeley, Director of M&E Appraisals at Tiger. “We have seen exponential growth in our M&E valuation assignments during the past few years. Adding another well-respected, field-tested professional to our team ensures even greater growth in the near future.”