NORTHBROOK, Ill., Aug. 28, 2015 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoindustrial.com) and Gordon Brothers Group (www.gordonbrothers.com) announced today that they will run a private treaty sale process to sell an extensive fleet of trucking and heavy haul equipment from Butch's Trucking Inc., one of the nation's premier oil and gas servicing companies and part of the privately held Butch's Family of Companies.
Butch's Trucking has made the strategic decision to exit its heavy haul service as it relates to third party contracting. Hilco Industrial and Gordon Brothers will run a Private Treaty sale process, which begins immediately and is expected to run through November.
"Butch's is one of the most reputable service companies in this industry and we are excited to offer their exceptionally maintained fleet of late model heavy haul assets to the marketplace, "stated a representative of the joint venture.
The company's reputation for servicing large blue chip oil and gas companies is unsurpassed. The combination of heavy haul tractors and the capacity of Butch's crane fleet make this a unique offering to the Industry".
The assets for sale include over 100 heavy haul trucks, trailers, cranes, and wheel loaders including the following:
- More than 50 Road Winch, Gin, and Slick Back Trucks (2006 to 2014)
- More than 30 Heavy Haul Trailers, Kalyn and Advance
- Manitowoc 100-Ton Crawler Cranes (2007 – 2009)
- Grove Hydro 275-Ton Crane (2012)
- Grove Hydro 165-Ton Crane (2012)
- Wheel Loaders, Forklifts, Service Trucks and Vehicles
- More than 30 Holden, Transcraft and Viking LowBoy, Narrow Neck, Drop Deck Trailers
The assets can be viewed at the following locations by appointment only:
- 1838 West FM 2015, San Angelo, TX 76902
- 510 Oil Post Road, Snyder, TX 79549
Both Hilco Industrial and Gordon Brothers Group have valued and monetized billions of dollars of oil and gas assets worldwide and were selected by Butch's Trucking to market and sell the extensive list of assets because of their reputation of industry leadership and expertise with these particular assets
To arrange an inspection appointment, access more detailed information about the assets being sold, or specific information about the private treaty sale process, visit www.hilcoind.com/butchs, http://gordonbrothers.com/butchs or contact:
- Jody Bacque – SVP Hilco Industrial, jbacque@hilcoglobal.com +1 251.404.2367
- Steve Wolf – CEO Hilco Industrial, swolf@hilcoglobal.com +1 616 732 1800
About Butch's Trucking Inc.
Butch's Trucking Inc. (www.brhas.com) trucking and hauling operations began in 2001. Butch's Trucking is primarily focused on oil and gas rig moving activities. Butch's currently runs four fleets of trucks and nine cranes that offer safe, fast and reliable rig moving service anywhere in the United States Butch's Trucking is part of the Butch's family of companies which was founded in 1989. The original company called Butch's Rat Hole Service, Inc. was formed in 1980 in Levelland, Texas by L.D. (Butch) Bryant, with a single rat hole truck servicing three drilling companies. Butch's has grown to become a premier provider to the oil and gas industry. With over 700 employees in five states, Butch's has operations in many of the most active and fastest-growing regions throughout the United States.
About Hilco Industrial
Hilco Industrial (www.hilcoind.com) provides industrial asset acquisition and disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial buys and sells assets through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial puts capital at risk and often acquires assets or provides guarantees. Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial, and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods. Gordon Brothers Group conducts over $70 billion worth of transactions and appraisals annually. As of November 2014, debt financing is provided by Gordon Brothers Finance Company (www.gbfinco.com).