Hilco Commercial Industrial and Ritchie Bros. Selected to Oversee Sale of Highway Equipment Company Assets
Asset sale offers unique opportunity to acquire extensive highway, construction, and material handling equipment across multiple states
NORTHBROOK, Ill., Dec. 5, 2024 /PRNewswire/ -- Hilco Commercial Industrial (HCI) and Ritchie Bros. Auctioneers (Ritchie Bros.) are pleased to announce their engagement to monetize assets owned by Highway Equipment Company, a trusted name in material handling equipment. Established in 1933, the Pennsylvania-based company was one of America's leading providers of highway, construction, oil and gas, mining, quarry and industrial material handling equipment for over 90 years.
The asset sale will make available an impressive selection of equipment, including a vast assortment of yellow iron, attachments, compaction equipment, articulated dump trucks, aggregate crushing machinery, and hundreds of other essential support assets. Interested buyers have a valuable opportunity to secure quality machinery suited to a wide range of applications within these industries. The more than 2,700 assets will include:
- 10+ Mobile Crushing Units
- 15+ Tracked Screening Plants
- 35+ Tracked Excavators
- 20+ Articulated Dump Trucks
- 15+ Crawler Tractors
- 20+ Wheel Loaders
- 30+ Track Loaders
- 40+ Skid Steers
"Our engagement to monetize Highway Equipment Company's assets reflects our dedication to providing effective solutions for transitioning asset portfolios," said Brent Bonham, Managing Director at Hilco Commercial Industrial. "This sale enables industry players to obtain high-quality equipment, reinforcing their operations with assets built for demanding applications."
"We're thrilled to collaborate with Hilco Commercial Industrial to showcase this impressive array of equipment assets to buyers worldwide," said Jake Lawson, President, Ritchie Bros. North American Sales. "Together, we're committed to leveraging our combined expertise and vast buyer network to deliver maximum visibility and foster strong, competitive bidding for every asset."
For details on available assets and acquisition procedures, interested parties are encouraged to contact Hilco Commercial Industrial or visit www.ironplanet.com/Highway-Equipment. Comprehensive information and a catalog of assets will be provided upon request.
About Hilco Commercial Industrial: Hilco Commercial Industrial (www.HilcoCI.com) is the preeminent global authority on providing clients with highly customized acquisition, disposition, and advisory solutions with respect to commercial and industrial assets, as well as providing bespoke capital solutions. Based upon a thorough understanding of its clients' assets and the intricacies of the business operations that utilize those assets, Hilco Commercial Industrial has established a dependable reputation for delivering results to companies at every stage of their life cycles.
Hilco Commercial Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization, advisory, and capital solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate and strategic capital equity investments.
About Ritchie Bros.: Ritchie Bros. Auctioneers, an RB Global company (NYSE:RBA) (TSX:RBA), is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks, and other assets. Ritchie Bros. was established in 1958 in Kelowna, Canada. With a global network of 60+ permanent auction sites around the world and operations in 14+ countries, Ritchie Bros. sells billions of dollars of heavy equipment and trucks each year via our multiple selling platforms: Ritchie Bros. Auctioneers, IronPlanet, and Marketplace-E. For more information about Ritchie Bros., visit rbauction.com.
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SOURCE Hilco Commercial Industrial