SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services and a subsidiary of Heritage Global Inc. (OTCQB: HGBL, CSE: HGP) (“HGI”), today announced it will manage an upcoming global online auction featuring all assets of Seven Stone Surface Fabrication Inc., (“Seven Stone”), the largest provider of countertop sourcing, fabrication and installation services to homeowners, contractors and builders in the southeast United States. The sale will begin September 19, 2016, on the condition that a well-capitalized going concern buyer or buyers is not identified by Heritage Equity Partners (“HEP”), HGI’s premier M&A advisory and investment banking services division, prior to the anticipated auction date.
The auction will be conducted exclusively online and includes high-quality assets from all five Seven Stone operating locations, including:
|Stone countertop fabrication and installation equipment|
|Large quantity of stone slabs / raw material inventory including granite, marble, quartz, etc. (Note: HGP is taking immediate offers for inventory)|
|CNC waterjet systems and edge finishers|
|Twin and single table routers|
|Programmable bridge saws with pneumatic tables|
|Chevy, Ford, Isuzu and Mitsubishi trucks and trailers|
|General facility support|
Global Online Auction: Seven Stone Surface Fabrication, Inc.
|Nashville, TN||Lots expire 9/20|
|Greenville, SC||Lots expire 9/20|
|Charlotte, SC||Lots expire 9/21|
|Winston-Salem, NC||Lots expire 9/21|
|Atlanta, GA||Lots expire 9/22|
A public preview will be held on September 19 at all locations from 9:00 am – 4:00 pm ET. Auction registration and a complete sale catalog are available at www.hgpauction.com. For questions or preview information contact Ty Lindley, HGP Director of Sales.
“Our upcoming auction presents a tremendous opportunity for bidders to acquire large quantities of stone countertop fabrication and installation equipment, stone inventory, facility support and production tooling from five well-equipped locations,” stated Ty Lindley.
HEP continues to solicit bids to acquire Seven Stone’s entire operations or select individual locations. Additional information is available at www.equitypartnershg.com. For inquiries contact Fred Cross, HEP Managing Director.