Yellen Partners announced the liquidation sale of more than $10 million of former rental fleet construction equipment. The sale will be conducted as an orderly liquidation in partnership with TDM Machinery Sales & Appraisal, Inc., a construction appraisal company, led by Scott Minzak, vice president. Assets available for bid include late model/low hour Caterpillar rental fleet units.
“We look forward to offering customers the opportunity to purchase high quality, professionally maintained Caterpillar equipment,” said David Ordon, executive vice president and director of Operations for Wholesale at Yellen Partners. “This equipment complements the assets we are currently offering for sale.”
Brian Yellen, president of Yellen Partners, added, “TDM continues to be a valuable partner with the industry expertise and experienced leadership to help execute the sale of a large percentage of the company’s rental inventory.”
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.