Ritchie Bros. Auctioneers will be selling approximately 1,000 specialized car carriers on behalf of the trustee for Performance Transportation Services (PTS).
They will also sell approximately 350 truck tractors, 700 trailers and 140 forklifts on behalf of the trustee for Alvan Motor Freight in two separate auctions. Various shop tools, equipment, office furniture and other assets for both companies will also be sold.
Both PTS and Alvan are currently subject to proceedings under Chapter 7 of the United States Bankruptcy Code and all remaining assets are being sold free and clear of liens and encumbrances. PTS was the second-largest transporter of new automobiles, sport utility vehicles and light trucks in North America, and was based in Allen Park, Mich. Alvan was a family-owned Midwestern regional LTL motor carrier based in Kalamazoo, Mich.
Both companies have a long history in business, with Alvan ceasing operations after 67 years of service.
Each auction is being conducted virtually, with items displayed on a large screen in front of the seated crowd. All items will be available for inspection prior to the auctions.
More info: www.rbauction.com
They will also sell approximately 350 truck tractors, 700 trailers and 140 forklifts on behalf of the trustee for Alvan Motor Freight in two separate auctions. Various shop tools, equipment, office furniture and other assets for both companies will also be sold.
Both PTS and Alvan are currently subject to proceedings under Chapter 7 of the United States Bankruptcy Code and all remaining assets are being sold free and clear of liens and encumbrances. PTS was the second-largest transporter of new automobiles, sport utility vehicles and light trucks in North America, and was based in Allen Park, Mich. Alvan was a family-owned Midwestern regional LTL motor carrier based in Kalamazoo, Mich.
Both companies have a long history in business, with Alvan ceasing operations after 67 years of service.
Each auction is being conducted virtually, with items displayed on a large screen in front of the seated crowd. All items will be available for inspection prior to the auctions.
More info: www.rbauction.com
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