Hilco Industrial, a unit of Hilco Global, announced the results from the April 14, 2016 webcast auction for Chris Mechanical Services exceeded expectations. The auction, which was recently completed, was held in partnership with California-based Machinery Network Auctions.
Among the assets sold through the auction were metal machining, oil field services equipment, inventory and support equipment. Over 800 lots were featured in the auction that brought in sales of more than $1.3 million.
Chris Mechanical Services has been providing industrial equipment design, maintenance and manufacturing services in Calgary, Alberta as a CNC fabricating machine shop. The company focused on delivering quality innovative products in the oilfield service industry. On December 18, 2015 FTI Consulting Canada was appointed as receiver, pursuant to an order of the Court of Queen’s Bench of Alberta, of all the assets, undertakings and properties of Chris Mechanical Services and those related companies listed in the receivership order.