California contractor’s assets up for bid

Machinery belonging to former Allied Environmental Services being sold online by remarketing firm.

August 13, 2014
CDR Staff
Equipment & Products

The former assets of bankrupt remediation contractor Allied Environmental Services (AES), Sherman Oaks, California, are being put up for bid by an auction and remarketing firm.

The former AES, also known as Allied Industries Inc., filed for chapter 11 (reorganization) bankruptcy protection in March 2013 in California Central Bankruptcy Court. The company’s case was converted to a chapter 7 (liquidation) filing in May 2014.

The bankruptcy court has appointed asset disposition firm Tiger Group, Westlake Village, California, and equity firm PPL Group, Northbrook, Illinois, to conduct an online sale of the equipment formerly owned by AES. Bids for the equipment are scheduled to close in late August.

Equipment and machinery being put up for auction includes excavators, loaders, tractors, service and pickup trucks, towable generators, general contractors’ tools, computers and office furnishings.

Bids for some of the equipment will open August 19 at and “will close in rapid succession, live auction style, on August 26 at 10:30 a.m. Pacific Time,” according to the Tiger Remarketing Services division of the Tiger Group.

Assets are available for inspection at the company’s corporate office and construction yard located at 11333 Vanowen St. in North Hollywood, California, on August 25 from 9:00 a.m. to 4:00 p.m. Pacific Time.

“Allied was not only an environmental remediation company, but a general contractor as well. The equipment they use spans many construction applications and should be of interest to a wide range of contractors and do-it-yourselfers,” says Jeff Tanenbaum, president of Tiger Remarketing Services.

Equipment being auctioned includes a New Holland excavator and loaders, a Genie articulated boom lift, three Bobcat loaders, a towable vacuum trailer, a Sky Jack scissor lift, Toyota and Clark forklifts and six towable generators.

Available general contractors’ tools include concrete saws, mixers and a breaker, Lincoln Electric and Miller welders, portable generators, more than 85 ladders ranging from eight to 24-feet tall as well as hundreds of hand and power tools.