Our client, a natural gas, oil, and power generation company headquartered in Calgary, Canada, made the decision to cancel the extension of a major pipeline project. This decision resulted in a wide selection of surplus equipment in four primary locations, ranging from high-value but specialized assets, very liquid assets, such as generators, to partially fabricated assemblies.
The locations each presented the client with their own time-intensive logistical challenges, resulting in the client’s decision to partner with Liquidity Services to manage the logistics and increase sales using our global reach.
Liquidity Services immediately identified the client’s most costly and time-sensitive locations. They also identified each site’s most liquid assets, prioritizing the surplus items that were most ready for the auction process.
Professional marketing of all items is crucial to achieve a successful sale. Liquidity Services’ teams took inventory of every asset, documented them, retrieved unique identifiers, and photographed them at every location. As a result, within 21 days of receiving the official consignment from the client, the Liquidity Services teams identified over 700 line items and over 6,000 pieces of equipment in the four specified locations.
Nine auctions were held, which resulted in the sale of 558 lots. This allowed the client to consolidate its remaining surplus and eliminate the need for the four storage locations, along with the expenses and inconvenience they produced.
Over 6,000 assets have been sold, including:
This case exemplifies Liquidity Services’ ability to navigate complex challenges in asset disposition, particularly in specialized industries like pharmaceuticals, where compliance, market knowledge, and speed are crucial. The success of this project is a testament to Liquidity Services’ proficiency in delivering tailored solutions that meet the unique needs of global clients.
