A leading industrial company specializing in sheet metal fabrication and serves a range of needs and applications for various markets.
The client’s company was closing and was in search of an expedited solution to help secure and sell its collateral within a short timeframe. Equipment included over 600 assets, ranging from press brakes, turret punches, presses, robotic welding cells, welders, wash tanks, tool room equipment, material handling, paint lines, and much more.
Using these services with the aid of EquipNet associates, the customer was able to have a profitable auction and great experience guaranteeing future relations with EquipNet.
EquipNet met the client’s deadline and provided optimal results far better than anticipated. We helped this client manage its closure within its requested timeline, resulting in $1,000,000 in return and 100% of assets sold through a dedicated online auction event and individual asset sales through the EquipNet MarketPlace.