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Gordon Brothers, Ritchie Bros. to Sell Hodges Trucking Assets

August 17, 2015, 07:10 AM
Filed Under: Auction News

Gordon Brothers Group will be selling a large package of equipment, formerly owned by Hodges Trucking Company L.L.C., in conjunction with Ritchie Bros. Auctioneer this September and October.

On June 18, 2015, Gordon Brothers Group announced that it had executed a definitive agreement with Rodan Transport (U.S.A) Ltd. and Hodges Trucking Company to acquire a large portion of Hodges’ fleet of heavy haul and mobile crane equipment and undertook its immediate, orderly disposition. Ritchie Bros. subsequently approached Gordon Brothers Group’s Commercial & Industrial Division to arrange for a large-scale auction event to include the equipment, which consists of mobile cranes (all terrain, truck mounted and crawler), truck tractors, trailers, forklifts/loaders and service trucks.

“Due to the late model nature of the fleet and its outstanding condition, we received a tremendous amount of interest from both dealers and end users around the country,” stated Robert Maroney, President of Gordon Brothers Group’s Commercial & Industrial Division.  “We quickly realized that combining our extensive orderly disposition experience in this sector along with Ritchie Bros.’ proven success in an auction format would be a mutually advantageous strategy to maximize the value of these assets.”

“The equipment acquired by Gordon Brothers Group includes some of the best-maintained and high performing cranes on the market today,” said Terry Dolan, President (USA & Latin America), Ritchie Bros. “We are excited to work with Gordon Brothers Group and look forward to the results we can accomplish together.” 

In March 2015, Ritchie Bros. conducted a record-breaking crane auction in Wyoming. It was the largest single-owner auction in company history, selling more than $54 million of equipment, including 38 cranes, and attracting over 3,000 bidders from 47 countries.

The equipment will be featured and sold in two separate Ritchie Bros. auctions, on September 23 - 24 in Fort Worth, Texas and October 6 in Columbus, Ohio.  Both auctions will be open to the public and all items will be sold unreserved, with no minimum bids or reserve prices.

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