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Ritchie Bros. Chosen to Sell Transportation Assets from Celadon Group

February 21, 2020, 07:15 AM
Filed Under: Bankruptcy

Ritchie Bros. announced it has been chosen to sell select trucks and trailers owned by Celadon Group. Celadon, which filed for Chapter 11 bankruptcy protection in December 2019, was one of the largest over-the-road trucking companies in North America.

"This is a great opportunity for those looking to purchase transportation assets and we are very excited we've been selected to sell a large number of items from this expertly-maintained fleet," said Zac Dalton, Director of Finance, Insurance and Insolvency, Ritchie Bros. "We anticipate the majority of these assets will be sold through our unreserved public auctions in the United States and Canada in March. All items sold at public auction will be sold without any minimum bids or reserve prices. More information about which assets will be selling where will be available in the coming weeks at"

Dalton added, "We continue to broaden our presence in the bankruptcy and insolvency space. We provide the complete package, including multiple marketplace solutions, along with a complete suite of additional value-added services, such as storage, insurance, data tools, a comprehensive appraisal offering and more."

As reported in Equipment Finance AdvisorCeladon filed for bankruptcy in December 2019.

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