Tiger Capital Group and Liquidity Services Energy Partners have launched a partnership to help insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market and directly assist companies seeking to sell surplus assets.

As a market surplus drives more oil and gas enterprises into bankruptcy or distress, this new partnership brings together two companies with substantial capital resources and decades of experience in the valuation and disposition of surplus assets, said Jeff Tanenbaum, president of Tiger Group’s Remarketing Services division.

“Liquidity Services maintains the world’s largest marketplace for business surplus and is well known for its expertise in the oil and gas sector,” Tanenbaum noted. “For its part, Tiger has 40 years of experience in structuring liquidation events globally for Fortune 1000 companies, lenders, insolvency professionals, government agencies and small businesses. The result is a valuable new resource for the bankruptcy and turnaround community.”

“The partnership is well positioned to help the sector adapt to the considerable challenges of today,” said Daniel Beck, vice president of global sales for Liquidity Services.

“The mission of this partnership is to provide both the intelligence and the proven strategies needed to help distressed companies pay off creditors, remain solvent and even lay the foundation for future growth,” he said. “Strategic adaptation could include everything from online auctions of surplus oil-and-gas assets, to rapid injections of capital, to the turnkey sale of whole operations.”

New York-based Tiger Capital Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients.

Liquidity Services is a global solution provider in the reverse supply chain.