Asset Auctions ran their first online equipment auction for General Motors in 1998, and has conducted thousands of worldwide asset sales. The Company currently has offices in Pittsburgh, St. Louis, Los Angeles, Austin, Detroit and Mexico City. Asset Auctions provides a complete suite of Asset Transition services including internal asset redeployment, appraisal and valuation services, complete auction services (online, onsite & webcast), liquidation and private sales and complete project management for plant closures.
The Company’s revenue and EBITDA have grown significantly over the past several years primarily driven by its online surplus assets recovery solutions. Management felt this growth could be accelerated by partnering with a firm that possesses strategic merit and expertise to help achieve their targeted growth.
“AssetAuctions is a natural complement to our business model and we look forward to the addition of their talented team, led by Shawn Allen and Scott Britton, to the AssetNation family,” said Dan Parsley, CEO of AssetNation. “In today’s challenging economic market, multi-national corporations, commercial insurers and government entities require a dependable and full service asset disposition partner. With the addition of AssetAuctions, we can now offer the broadest and deepest service offering available. We anticipate our global buyers will be spending more of their time and financial resources with AssetNation, due to the increased convenience, volume and selection of commercial and industrial assets.”
AssetNation, Inc. is the leading online marketplace and services provider for the insurance industry and corporate surplus, idle and end-of-life assets.
Strategic Advisors is an investment banking firm that provides merger and acquisition, corporate finance and strategic advisory services to business owners. Since 2002, Strategic Advisors has served as the primary M&A and/or corporate finance advisor on over 350 transactions totaling over $6.5 billion.
Strategic Advisors 2, LLC
117 VIP Drive, Suite 220
Wexford, PA 15090
Securities transactions are conducted hroughStillPoint Capital, Member FINRA/SIPC, Tampa, FL