BOSTON, July 13, 2016 /PRNewswire/ -- Gordon Brothers Group and Hilco Industrial announced today that they have been engaged to immediately commence an orderly disposition project for a fleet of 2013-2015, low mileage Peterbilt truck tractors. The fleet previously served an oilfield services company that provides drilling services, well integrity & intervention, plug & abandonment and decommissioning to exploration and production firms around the world.
"This is an exceptional package of late model Peterbilts with very low mileage that are in excellent condition. We're excited to market these assets, which can be utilized in a variety of applications beyond the energy sector," stated Jim Lightburn, Senior Managing Director of Gordon Brothers Group's Commercial & Industrial Division. "We've already received significant interest from buyers across different industries."
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods. Gordon Brothers Group conducts over $70 billion worth of transactions and appraisals annually.
About Hilco Industrial
Hilco Industrial (www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), one of the world's leading experts on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, operational consulting and strategic capital equity investments.
SOURCE Gordon Brothers Group