Yellen Partners, LLC, a financial services, asset management, auctioneer and appraisal firm, announced the liquidation sale of more than $2 million of tire stock by the secured lender. The sale will be conducted as an orderly liquidation in partnership with TDM Machinery & Appraisal, Inc. (TDM), a construction appraisal company, led by Scott Minzak, vice president of TDM.

Assets available are 12 Bridgestone 4000R57 tires and 12 Goodyear 46/90R57 tires. The off-the-road tires are primarily used on large, heavy mobile equipment, such as earthmovers.  

“We look forward to offering customers the opportunity to purchase high quality assets from Bridgestone and Goodyear at a considerable value,” said Brian Yellen, president of Yellen Partners.

Yellen Partners, LLC is a Victory Park Capital portfolio company that is a specialized, hands-on provider of asset monetization solutions focused on the acquisition and disposition of retail and wholesale inventories, as well as healthcare and industrial machinery and equipment, for businesses seeking to continue operations or sell assets as a going concern. Core activities include sourcing, acquiring and monetizing distressed and other surplus assets through transaction strategies, including, but not limited to, retail store closings, orderly liquidations of wholesale inventories and specialty assets, as well as private treaty sales and on-site and on-line auctions.

TDM Machinery & Appraisal, Inc. has over 30 years of experience in sales, marketing and appraising construction and mining equipment throughout the United States, Europe, Asia, Middle East, Mexico and Canada. Primary activities include buying and selling equipment such as wheel loaders, end dumps, motor graders, motor scrapers and dozers. TDM has global partners and contacts that include major coal companies, CAT dealers, contractors and Komatsu dealers.