LOS ANGELES, Aug. 5, 2014 /PRNewswire/ — GA Global Partners, the auction division of Great American Group, Inc. (OTCBB: GAMR), will host a timed online auction beginning 18 August, 2014 for surplus mining and construction equipment from PT Asmin Koalindo Tuhup & PT Borneo Mining Services.
Bidding for the timed online auction will open at 10 a.m. WIB (UTC + 7) on 18 August and will close at 10 a.m. WIB (UTC + 7) on 20 August. Inspections will be offered 12 – 13 August by appointment only at equipment location in Muara Tuhup, Indonesia.
Among the equipment available from manufacturers including Komatsu, Caterpillar, Liebherr, Terex, Sandvik, Bucyrus, Tamrock and Volvo are:
- Dump trucks (many new)
- Track dozers
- Motor graders
- Face shovels
- Drill rigs
There will be no minimums — all equipment will be sold.
"In this unprecedented opportunity for buyers from around the globe, we will be selling over $100 million dollars of equipment," said Adam Alexander, president of GA Global Partners. "Late model mining and construction equipment offerings of this scale are uncommon, and we are pleased to be presenting these pieces to the international market."
About Great American Group, Inc. (OTCBB: GAMR)
Great American Group, which recently combined with B. Riley & Co. to create a diversified financial services firm, is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. B. Riley & Co. is a leading investment bank which provides a full array of corporate finance, research, and sales & trading to corporate, institutional and high net worth individuals. Corporate headquarters is in Los Angeles with offices and representatives around the world. For more information, call +1 818-884-3737 or visit www.greatamerican.com.
Great American Group