Plumbing & Pipeline Contractor's Diverse Assets Hit The Auction Block In Online Sale

--Tiger Group liquidates vehicles, equipment, tools, plumbing supplies and other lots of California's RCR Plumbing and Mechanical pursuant to a U.S. Bankruptcy Court order.

News provided by

Tiger Group

Oct 22, 2012, 10:00 ET

RIVERSIDE, Calif., Oct. 22, 2012 /PRNewswire/ -- Tiger Group's Remarketing Services division, in cooperation with Hackman Capital's Equipment Acquisition Company, is auctioning a wide range of assets on October 30 from plumbing and pipeline contractor RCR Plumbing and Mechanical, which filed for Chapter 11 bankruptcy protection last year. Beginning at 9:30 a.m. (PT), the live webcast auction will feature plumbing equipment, tools and supplies, as well as construction equipment, forklifts, an entire fleet of trucks, office equipment, computers, furniture and much more.

Bidders will have the opportunity to participate in a live, theater style auction from RCR's Riverside headquarters, which will be simultaneously broadcast over the internet on BidSpotter.com. Participants will also have the ability to submit pre-auction bids.

RCR, which voluntarily filed for Chapter 11 in October 2011 in the U.S. Bankruptcy Court for the Central District of California, Riverside Division, is still operating and attempting to reorganize its business. "The company was founded in 1977 and grew to become one of the larger residential and commercial contractors in the region, with millions of dollars' worth of assets, more than 500 employees and multiple locations throughout California and Nevada," noted Jeff Tanenbaum, president of Tiger Remarketing Services. "As a result, the volume and diversity of inventory available at auction here is extraordinary."

The preview will be from 9 a.m. to 4 p.m. on Saturday, Oct. 27 and Monday, Oct. 29 at 12620 Magnolia Ave. in Riverside. There will be no inspections on the day of the sale.

Among the lots available are more than 60 trucks and pickup trucks, cargo vans, SUVs, trailers and other vehicles (to be auctioned at 1 p.m. on the day of the sale) by Ford, Chevy, GMC, Isuzu, Toyota and Nissan. "We're talking about heavy-duty trucks and vehicles bearing names like Silverado, Tahoe, Tundra and Sierra, with side tool boxes, ladder racks, extended cabs and other coveted features," explained Ken Katz, Hackman Capital's Senior Equipment Appraiser. "There are cargo vans, a tow truck, and even a box truck with a 26-foot aluminum body and a 4,500-pound hydraulic lift gate. This is a large and diverse fleet of vehicles befitting a contractor of RCR's size."

Construction equipment includes an excavator and a skid steer loader by Caterpillar, as well as equipment trailers by Ziemand and Towmaster and over 35 30' portable storage containers. The diverse array of plumbing tools available at auction includes more than 35 Rothenberg and Ridgid portable pipe threaders, along with tri-stands and assorted threading dies and equipment. The lots include five Ridgid copper cutting and prep machines; an extensive array of tube and pipe-fabrication equipment by T-DRILL; dozens of Wirsbo Uponor PEX rechargeable and hand expander tools in cases, along with a set of Ridgid B-press tools with assorted jaws and charger, and 58 Viega PEX 3/8"-3/4" crimping sets.

In addition, the plumbing equipment includes 13 Ridgid fiber-optic video inspection reels with camera heads, a Ridgid Kollman K-750 sewer and drain drum machine, and an array of monitor recorders, pipe locators, leak-detectors with transmitters, general-speed rooters, power drain snakes, hand test pumps, soil and manual pipe-cutters and more. The sale also includes a wide range of copper, brass, stainless steel and iron pipe and fittings, as well as fixtures—from Rinnai tankless water heaters and Amerisink toilets, to Kohler stainless-steel sinks.

Bearing names such as Craftsman, Dewalt, Makita, Milwaukee and Greenlee, the selection of GC tools includes plate compactors, miters and cutoff saws, concrete saws, drills and drill presses, rotary hammers, hydraulic punch-out sets, lasers, jackhammers, chain saws and much more. Various corded and cordless power tools, bench vices and power cords are available.

To round out the inventory also included will be fabrication and machine shop equipment, warehouse equipment, an automotive service bay with 2 above ground lifts, forklifts, 100's of ladders and scaffolding, Office equipment and furniture are also being auctioned, including printers, scanners, computers and laptops, servers, tape drives, switches, telephones and conference phones, quality office furniture and furnishings of 3 large conference rooms.

For the complete technical specifications and digital images of specific inventory items, visit http://auctions.tigergroupllc.com/cgi-bin/mndetails.cgi?tigergrp55

For more information about this sale, call 800-758-8443, to speak with an auction team member.

About Tiger Remarketing Services Division
Tiger Remarketing Services and its affiliates at Tiger Group provide advisory, restructuring, valuation, disposition and auction services within a broad range of retail, wholesale, and industrial sectors. With over 40 years of experience and substantial financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, convert assets to capital in a variety of ways quickly and decisively. Tiger's collaborative and no-nonsense approach is the foundation for its many long-term 'partner' relationships and decades of uninterrupted success. Tiger operates main offices in Boston, Los Angeles and New York. To learn more about Tiger, please visit www.TigerGroupLLC.com.

About Hackman Capital
Founded in 1986 and headquartered in Los Angeles, Hackman Capital is a privately held, asset-based investment firm that focuses on the acquisition of industrial real estate and the purchase and sale of industrial equipment. The firm currently owns, through its affiliated entities, 100 facilities throughout the United States, totaling approximately 18 million square feet and more than 1,300 acres of developable land. Hackman Capital also has conducted hundreds of equipment acquisitions, dispositions, and liquidations on four continents. With more than 26 years of experience in acquisition, redevelopment, and asset management, Hackman Capital is known across marketplaces for its ability to successfully navigate complex transactions and financial restructurings involving real estate and equipment. The company is based in Los Angeles. For more information, visit www.hackmancapital.com.

SOURCE Tiger Group