DEERFIELD, Ill.--(BUSINESS WIRE)--Yellen Partners, LLC (Yellen Partners), a financial services, asset management, auctioneer and appraisal firm, announced today the sale of more than $4.0 million of lockers, shelving and plastic container inventory for Scott Equipment, a Georgia-based wholesale shelving and organizational product company.
Assets available for bid include a full line of pallet racking, wire mesh, single and double tier shelving, hanging and stationary lockers, bolt and boltless shelving and a variety of storage racking. A full line of Akro Mils plastic storage bins will also be for sale.
“This sale represents a unique buying opportunity for companies and the general public to buy high quality storage and organization products,” said Brian Yellen, president of Yellen Partners. “Scott Equipment’s quality products have been servicing schools, local governments and commercial projects for many years, and we are proud to help the company market and monetize a large percentage of their existing inventory.”
About Yellen Partners, LLC
Yellen Partners, LLC is a Victory Park Capital portfolio company that is a specialized, hands-on provider of asset monetization solutions focused on the acquisition and disposition of retail and wholesale inventories, as well as healthcare and industrial machinery and equipment, for businesses seeking to continue operations or sell assets as a going concern. Core activities include sourcing, acquiring and monetizing distressed and other surplus assets through transaction strategies, including, but not limited to, retail store closings, orderly liquidations of wholesale inventories and specialty assets, as well as private treaty sales and on-site and on-line auctions. For more information, visit: http://www.yellenpartners.com.
About Victory Park Capital
Victory Park Capital provides customized financing solutions to, and make controlled investments in, middle market companies across a diversified range of industries. Victory Park Capital also invests in both traditional and complex situations and seek to build long-term sustainable value. By combining traditional lending techniques, progressive investing methods and operational expertise, Victory Park is able to deliver value-added solutions that may not otherwise be available from conventional financing sources.