Daily News: August 7, 2013

Tiger to Auction Commercial Roofer’s Assets


Tiger Group’s Remarketing Services Division announced that it will be auctioning the assets of commercial roofing contractor DRI Cos. Tiger said it is conducting live webcast auctions of millions of dollars’ worth of roofing equipment, high-end specialty tools and equipment, rolling stock, computers, warehouse and office equipment, and more.

“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, WA (metro Seattle), and San Leandro, CA (metro San Francisco), will begin at 10:30 a.m. PST on August 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 August 17 and 19.

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.

For a full description of the inventory and details on how to bid, visit: www.SoldTiger.com.