NORTHBROOK, Ill., April 11, 2017 /PRNewswire/ -- After 30 years operating as a market leader for military complex systems and applications for mobile military ground vehicles, radar platforms and other defense systems, Burtek Enterprises Inc., is closing its operations in Chesterfield, Michigan and auctioning off its equipment on April 26th and 27th, 2017.
PPL Group and Myron Bowling Auctioneers have formed a joint venture to conduct a Live/Webcast Auction for the manufacturing assets of Burtek Enterprises Inc., in Chesterfield, Michigan. PPL Group and Myron Bowling have worked together on multiple successful auctions for more than fifteen years, leveraging the unique experience of each firm.
"We're looking forward to a successful auction for Burtek Enterprises Inc. With more than 100 years of combined experience, we know what it will take to successfully bring together the right buyers with this premier company," said PPL Group's Executive Vice President and Partner Joel Bersh. "The simultaneous live and online auction format is increasingly effective in matching serious buyers with valuable assets."
The company assets will be available for inspection one day prior to the auction at 50405 Patricia Street, Chesterfield, MI 48051. The facility will be open from 9 am to 4 pm for inspection and review of equipment. Live and webcast bidding is scheduled to start on Wednesday April 26th, at 9:00 am EDT. Included in the live and webcast auction will be: CNC Vertical Machining Centers, HAAS CNC Boring Mills, CNC Press Brakes, Fanuc Welding Robots, Laser Trackers, 3D Printer, Cummins Generator, Various Makes of Forklifts and a huge Metals inventory. Webcast bidding of the Late Model Executive Furniture, Cubicles, Desks, File Cabinets, Late Model Copier/Fax Machines and Drawing Copier will be conducted Thursday April 27th, 2017 with bids closing at 11: 00 am EDT. A detailed catalog of equipment is available online at www.pplauctions.com. Bidders must register prior to or the day of the auction. Online bids will be taken through www.Bidspotter.com.
PPL Group LLC is a leader in the industrial liquidation and auction business for more than 40 years with a focus on complete plant liquidations and auctions. The company's vast experience and expertise allow it to provide the best possible financial recovery for its clients. In the past five years, PPL has successfully structured 300+ asset monetization transactions. The company provides asset management solutions for entire plants, production lines, single assets and companies. It also purchases distressed companies with the right mix of tangible assets, accounts receivable and inventory. Whether large or small, privately held or publicly traded - companies want a high recovery value, expertise, and professionalism in managing assets. PPL Group is a progressive distressed asset management company that does all of this and more.
Myron Bowling Auctioneers is considered to be one of the nation's largest and most successful industrial auctioneering firms, conducting approximately 80 auctions per year throughout the United States, Canada and Mexico, serving publicly-held companies, the United States Bankruptcy Court and other lending institutions and turnaround management companies.
A founding member and former director of the Industrial Auctioneers Association, Myron Bowling is a member of the National Auctioneers Association, Machinery Dealers National Association, and the Certified Auctioneers Institute.
Founded in 1987 and based in Chesterfield, Michigan, Burtek Enterprises Inc. is a market leader in the design, production, testing and integration of complex systems and applications for mobile military ground vehicles, radar platforms and other defense systems for the Department of Defense and leading prime contractors. The firm manufactured tow tractors, cargo bodies, troop carriers, crane trucks and integrated van bodies and provided engineering and consulting solutions such as finite element analysis and HVAC implementation services.
Contact: Tom Nicholson, 212-203-2803
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/burtek-enterprises-inc-auctioning-manufacturing-equipment-300438080.html
SOURCE PPL Group, LLC