Project Description

Ironline Advisors and Furrow Auction Company monetized the assets of Kimerling Truck Parts.

Monetization of Kimerling Truck Parts’ Total Assets

Kimerling Truck Parts of Birmingham, AL, one of the nation’s largest dealers of truck parts, announced the monetization and auctioning of its total assets in April of 2016.

The auction included over 1,000 lots of new and salvage medium and heavy duty truck and construction parts including engines, axels, wheels and bearings, as well as various machinery.

The auction took place over two days both in-person and online. Day 1 featured warehouse inventory such as fuel tanks, doors, bumpers, transmissions, differential components, wheel assemblies, pallet racking, and shop equipment. Day 2 featured rolling stock, generators and military equipment.

About the Companies

Kimerling Truck Parts

Operational since 1917, Kimerling Truck Parts and Equipment specialized in new, used, rebuilt and obsolete truck parts. Kimerling operated with approximately 100,000 square feet of office and 35 acres of warehouse space respectively.

 

Furrow Auction Companies

Since 1968 Furrow Auction Company’s Industrial Services Group has provided successful asset management solutions for corporations, government agencies, financial institutions, small businesses and individuals. Furrow combines experience with state-of-the-art technology to sell and appraise capital assets in a broad range of categories including industrial machinery, construction equipment, mining equipment, farm & agricultural equipment, and transportation equipment.

For additional information about this transaction, please contact: