Tiger Commercial & Industrial (C&I) has completed the sale of a portfolio of high-precision fabrication and assembly machinery and equipment (M&E), along with finished products and raw materials, from two U.S. plants.
Conducted on behalf of the secured creditors, the online auction featured M&E from the former Alpharetta, Georgia, and Dallas, Texas, facilities of Auzmet, a national manufacturer of exterior building solutions such as composite metal panels, architectural façades and insulated wall panels.
Tiger marketed a broad mix of equipment from the two facilities, including CNC routers, electro-mechanical plate shears, CNC folding machines, electro-pneumatic saws, and smart routers by brands such as Miller, Lincoln Electric, FomIndustrie, Schechtl and Schlebach.
Bidders in the 415-lot sale vied for plant-support M&E and rolling stock by brands such as Kaesar, Chevy and Mitsubishi, along with raw materials and finished-goods inventory originally valued at more than $1 million.
Tiger’s in-house auction and operations team leveraged its proprietary database of repeat buyers in composites manufacturing to drive demand across the offering, managing the entire sale and removal process across both facilities within a tight 30-day deadline set by the landlord.
“Our years of experience with aluminum fabrication equipment—including large-format panel builders from AXYZ Automation Group and units from Schechtl and Durma—gave us the ability to execute and quickly monetize the collateral,” said Jonathan Holiday, Senior Director of Tiger Commercial & Industrial. “The end result was a robust recovery for the secured creditors in a fraction of the usual timeframe.”
