PPL Group executed a successful two-day auction, selling over 1,000 lots of equipment and inventory, including fabrication, welding, and laser cutting machinery, and $1.5MM+ of kitchen appliances including refrigerators, freezers, and fryers for a Florida company who was previously the largest American manufacturer of food trucks.
PPL’s strategy on the equipment and inventory sales maximized the asset recovery, exceeding appraised values for the primary secured lender and PSMI lenders.