Online Marketplace AllSurplus Partners with Tiger Group to Sell Energy Equipment Assets for El Dorado Gas and Oil
August 05 2024 - 7:30AM
Liquidity Services (NASDAQ: LQDT), a leading global commerce
company powering the circular economy, has partnered with Tiger
Group, a major asset valuation, advisory and disposition services
provider, to sell energy equipment and related assets on behalf of
national energy services firm El Dorado Gas & Oil, Inc as part
of a series of court-ordered online auctions related to the
organization’s bankruptcy (Bankruptcy Case No. 23-51715). More than
300 energy assets based in Alice, Texas and Tilden, Texas are
currently available until August 13, 2024 on AllSurplus.com.
"This online auction represents a strong opportunity for
oilfield and well services companies to enhance their oilfield
pumping, fracking, and tractor fleets," said Nick Taylor, Liquidity
Services senior vice president and managing director, Capital
Assets Group. "In addition to the strong value inherent to a
bankruptcy liquidation, the equipment in this sale has high
utility, given the wide array of oilfield equipment available in
this auction."
The auction contains a mix of high-value energy assets including
a SPN Trailer Mounted Pump, a 2018 Bar H Welding Sand Separator
Trailer, a 2017 Wier SPM Frac Pump Trailer, and more.
To view and bid on the available equipment, which have no
buyer’s premium, visit AllSurplus.com. For more about Tiger Group,
visit TigerGroup.com.
About AllSurplusAllSurplus is the world’s
leading online marketplace for surplus business assets, ranging
from heavy equipment to transportation and industrial machinery.
AllSurplus is the smartest, fastest way to sell inventory and
equipment as sellers can directly launch and manage their listings
in just days with more control and lower fees than traditional
auction solutions. AllSurplus is powered by one of the most
experienced and trusted companies in the surplus industry:
Liquidity Services (NASDAQ:LQDT), which has supported millions of
customers across the globe. AllSurplus buyers have direct access to
all the surplus assets across Liquidity Services’ network of
marketplaces in one centralized location.
About Tiger GroupTiger 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.
Contact: Liquidity Services, Inc.Public
Relationspublicrelations@liquidityservices.com
Liquidity Services (NASDAQ:LQDT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Liquidity Services (NASDAQ:LQDT)
Historical Stock Chart
From Sep 2023 to Sep 2024