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HGP Retained by Triumph Group to Manage Sale of Surplus Assets

October 19, 2016, 07:08 AM
Filed Under: Industry News


Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services and a subsidiary of Heritage Global Inc., announced it has been retained by Triumph Aerostructures, LLC  to manage an upcoming sale featuring a selection of surplus industrial assets used in the manufacturing and assembly of aircraft fuselages, wings, empennages, nacelles and helicopter cabins.

HGP is immediately considering qualified offers for all assets prior to the global online auction, which will begin November 30, 2016. The equipment is located at Triumph’s Nashville site at 1431 Vultee Blvd., Nashville, TN 37217.

Sale registration and a complete sale catalog featuring photos, equipment specifications and other information is available on HGP’s website. Parties interested in inspecting the assets, preparing an offer, or bidding at auction may arrange a preview by contacting Nick Dove (information below).

“The upcoming sale of Triumph’s surplus industrial assets is a phenomenal opportunity for aircraft original equipment manufacturers (OEMs) serving the commercial, regional, business, military and cargo aviation industries to bid on well-maintained equipment used to manufacture and assemble aircraft components. The sale will begin on November 30, 2016, however, should a well-capitalized potential buyer have an immediate need for any available assets, we are accepting bidding offers prior to the anticipated auction date,” stated Nick Dove, Director of Sales at HGP.





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