Core Insights - Hilco Commercial Industrial and Ritchie Bros. Auctioneers are collaborating to monetize assets owned by Highway Equipment Company, a prominent provider of material handling equipment since 1933 [1][2] - The asset sale will feature over 2,700 pieces of equipment, including mobile crushing units, tracked screening plants, excavators, articulated dump trucks, and various other essential machinery [2] Company Overview - Highway Equipment Company has been a leading name in the highway, construction, oil and gas, mining, quarry, and industrial material handling equipment sectors for over 90 years [1] - Hilco Commercial Industrial specializes in customized acquisition, disposition, and advisory solutions for commercial and industrial assets, establishing a strong reputation for delivering results [3] - Ritchie Bros. Auctioneers is a global asset management company that provides end-to-end solutions for buying and selling used heavy equipment, with operations in over 14 countries and a network of 60+ auction sites [5] Equipment Details - The asset sale includes a diverse range of equipment, such as: - 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 [2] Strategic Collaboration - The partnership between Hilco Commercial Industrial and Ritchie Bros. aims to maximize visibility and foster competitive bidding for the assets, benefiting buyers worldwide [2] - The sale is positioned as an opportunity for industry players to enhance their operations with high-quality equipment tailored for demanding applications [2]
Hilco Commercial Industrial and Ritchie Bros. Selected to Oversee Sale of Highway Equipment Company Assets