Tiger Group successfully liquified a complete geotechnical manufacturing facility in Roanoke, Virginia.
In an online auction that closed last month, Tiger auctioned inventory along with machinery and equipment (M&E), tools, rolling stock and material-handling assets from the Roanoke plant of TerraRoc, a Delaware corporation that manufactures items for the construction and oil-and-gas industries.
All told, Tiger’s commercial and industrial division (C&I) sold 217 assets and attracted 4,962 bids from Canada, Mexico and the United States.
“Our team reached out to known mining and construction buyers and succeeded in liquidating everything at the facility, from downhole hammers and carbide- and diamond-tipped drill bits, to raw materials, M&E and even the company’s intellectual property,” John Coelho, senior director of Tiger C&I, said. “Especially given the rising cost of brand-new equipment and specialized inventory today, we continue to see robust demand among our global network of secondary-market buyers.”
