--Tiger Group liquidating excess assets of national roofing contractor DRI; live webcast auctions feature top-quality lots from DRI facilities in Metro Seattle, Northern California and Southern California.
LOS ANGELES, Aug. 6, 2013 /PRNewswire/ -- The strategic restructuring of major commercial roofing contractor DRI Cos. will translate into a rare opportunity for buyers this month as millions of dollars' worth of roofing equipment, high-end specialty tools and equipment, rolling stock, computers, warehouse and office equipment, and more hit the block in live webcast auctions conducted by Tiger Group's Remarketing Services Division.
"DRI is a nationally known commercial roofing contractor with clients from Georgia to Guam," noted Jeff Tanenbaum, President of Tiger's Remarketing Services Division. "As part of its strategic Chapter 11 restructuring, the company is shedding diverse assets no longer needed for future operations. Our webcast auctions on Aug. 13 and Aug. 20 include well-maintained rolling stock, high-reach lifts, high-end tools and equipment, as well as the gamut of office and warehouse equipment. These sales represent a tremendous opportunity for roofing and solar/electrical contractors, as well as general contractors and a wide range of other businesses."
Bidding for the first auction, which includes assets from DRI's facilities in Tukwila, Wash. (metro Seattle), and San Leandro, Calif. (metro San Francisco), will begin at 10:30 a.m. (PT) on Aug. 13.
The Tukwila preview will be held on Aug. 12 at 9130 E Marginal Way S. The San Leandro preview will be held on Aug. 10 and 12 at 14275 Wicks Blvd. Both previews will run from 9 a.m. to 4 p.m.
Bidding for the second sale, which includes assets from DRI's headquarters and warehouse at 17182 Armstrong Ave. in Irvine, will begin at 10:30 a.m. on Aug. 20. The on-site preview will be held from 9 a.m. to 4 p.m. on Aug. 17 and 19.
The auctions include high-reach lifts by Gradall and Pettibone, along with vehicles such as a Lexus LX470, multiple Chevrolet Silverado pickup trucks, and dozens of dump trucks, truck tractors, vans and other vehicles. Warehouse support equipment includes forklifts, storage containers, pallet packing, and more.
Tiger will also liquidate a large amount of DRI's excess commercial roofing equipment, including rubber and tar kettles, fall-arrest systems, roof cutters, rain gutter roll formers, safety platforms and much more; represented brands include Cleasby, Gillespie, Garlock and Roofmaster, to name a few.
The lots of tools and equipment for general contractors, solar/electrical and other specialized contractors include pipe threaders and benders, forklift dump bins, generators, job boxes, ladders, ladder extenders, welding machines, scaffolding, cement mixers, concrete saws, wheelbarrows, table saws, hammer drills, jackhammers, bench-grinders, drill presses, power washers and more. Represented brands include Honda, Troybilt, Greenlee, Mikasa, Canoga, DeWalt, Ridgid and Husqavarna, among others.
Lastly, the sales include computers, monitors and printers, servers and telecom equipment from the three regional offices. These include laptops, notebooks, netbooks and other computers by brands such as HP, Gateway, Compaq and Acer. The auctions also feature phones, video conferencing equipment, executive offices, conference rooms, pneumatic task chairs, reception and break-room furniture, and more
For a full description of the inventory and details on how to bid, visit: www.SoldTiger.com.
About Tiger Group
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively. Tiger's collaborative, straight-forward approach is the foundation for its many long-term 'partner' relationships and decades of success. Tiger operates main offices in Boston, Los Angeles and New York. To learn more about Tiger, please visit www.TigerGroup.com.
SOURCE Tiger Group