Tiger Group and Liquidity Services also offer general-use
trucks, trailers, power tools and forklifts in court-ordered
bankruptcy sale of assets from El Dorado Gas & Oil,
Inc.
VICTORIA, Texas, July 23,
2024 /PRNewswire/ -- More than 70 gas compressor
packages, downhole and fishing tools, and other oilfield and heavy
equipment assets are available in an online auction that closes on
July 30th.
Tiger Group and Liquidity Services are conducting the sale,
which boasts more than 180 lots from two locations in Victoria, Texas, as part of a series of
court-ordered auctions related to the bankruptcy of El Dorado
Gas & Oil, Inc. (Bankruptcy Case No. 23-51715).
"Energy services firms have the opportunity to acquire any of
more than 75 compressor skids by sought-after brands such as Ajax,
Ariel and Gemini," noted Chad
Farrell, Managing Director, Tiger Commercial &
Industrial. "We also anticipate strong buyer interest in available
lots such as air-cooled heat exchangers by Air-X-Changer, multiple
Kato generator sets, pumps, blowout preventers and a wide variety
of downhole and fishing tools."
Bidders can participate in the timed, online auction—with no
Buyer's Premium—which closes on July
30, at the following site:
-
https://soldtiger.com/sales/oilfield-equipment-auction-victoria-texas/
"Power tools, trailers, a Mack gin pole/winch truck and trailers
by Taylor and Toyota are part of what make this sale a strong
opportunity for companies outside of the energy services sector,"
added Wayne Hecht, Senior Director
of Operations at Tiger Commercial & Industrial.
Gulfport, Mississippi-based El
Dorado filed for Chapter 11 this past December in the U.S.
Bankruptcy Court for the Southern District of Mississippi. The company held a diverse array
of equipment at 37 locations.
For asset photos, descriptions, and inspection or other
information, visit:
https://soldtiger.com/sales/oilfield-equipment-auction-victoria-texas/
About Tiger Group
Tiger Group provides asset
valuation, advisory and disposition services to a broad range of
retail, wholesale, and industrial clients. With over 40 years of
experience and significant financial backing, Tiger offers a
uniquely nimble combination of expertise, innovation and financial
resources to drive results. Tiger's seasoned professionals help
clients identify the underlying value of assets, monitor asset risk
factors and provide capital or convert assets to capital quickly
and decisively. Tiger maintains offices in New York, Los
Angeles, Boston,
Chicago, Houston and Toronto.
https://tigergroup.com/
About Liquidity Services
Liquidity Services operates
the world's largest B2B e-commerce marketplace platform for surplus
assets with over $10 billion in
completed transactions to more than five million qualified buyers
and 15,000 corporate and government sellers worldwide. The company
supports its clients' sustainability efforts by helping them extend
the life of assets, prevent unnecessary waste and carbon emissions,
and reduce the number of products headed to
landfills. https://liquidityservices.com/
Media Contacts: At Tiger Group, Maria Hoang, (805) 497-4999,
380726@email4pr.com. At Jaffe Communications, Elisa Krantz, (908) 789-0700,
380726@email4pr.com.
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SOURCE Tiger Group