Due to a wind-down of operations, Tiger Capital Group’s Commercial & Industrial division will conduct an online auction on August 2 for the assets of TS3 Technologies Inc., a contract manufacturer that specialized in electromechanical assembly, PCB assembly, wire harness and repair/upgrade services to military, industrial and consumer markets.
The sale will include the assets of a well-equipped, 70,000-sq.-ft. manufacturing and warehouse facility near Houston complete with two complete Surface-Mount Technology (SMT) lines, manufacturing support equipment, office equipment, customer-specific inventory and testing equipment valued at $2.7 million, as well as accounts receivable, customer contracts and certain intellectual property
Online bidding has commenced at www.SoldTiger.com and will close in rapid succession, live auction style, on August 2, beginning at 10:30 a.m. (CT). Previews of the assets will be held August 1 from 10:00 a.m. to 4:00 p.m. (CT) at the facility, located at 4855 Alpine Drive, in Stafford.
“TS3 had a large amount of well-maintained, late model equipment, making this auction a great opportunity for anybody in the SMT or wire harness business,” said Andy Babcock, Director of Transition Advisory Services at Tiger Capital Group.
The two SMT lines include Universal Instruments pick & place robots: three model 4983A, two 4988A, two 4982B, and one 4992C. Also available are Heller Re-Flow ovens: an 1809 and 1913, and a 1912 Mk-3; MPM and DEK screen printers, as well as conveyors, trolleys and board stackers.
Available manufacturing support equipment includes a Spea flying probe tester, an injection molding machine, x-ray machines, a re-work machine, and more. Quality control, inspection and assembly equipment for sale includes optical comparators, soldering stations, mantis scopes, oscilloscopes, and more. Plant support assets include air compressors, pallet racking equipment, vacuum pumps, as well as forklifts and scissor lifts.
The auction also includes approximately $2.7 million in inventory and testing equipment related to master service agreements with individual accounts, along with associated accounts receivable, customer contacts, drawing and other intangible and intellectual property. The top five accounts are each valued in excess of $1.5 million annually, with the company generating total annual sales in excess of $20 million.