Blockbuster Hawk plant auction to raise £40m

Administrators winding up failed plant hire specialist Hawk are putting more than 1,500 items of construction plant and equipment under the hammer.

The blockbuster auction will be held over two days at Hawk’s main site in Prees Green in Shropshire and is expected to raise more than £40m.

Ernst + Young has enlisted Euro Auctions to handle the big sell-off in two weeks, which has attracted interest from dealers,  hirers and civils firms across the country.

All items are going on the block without reserve prices. The fleet includes nearly 40 Komatsu 20t-plus excavators, 32 dozers, over 60 articulated dumptrucks, 70 dumpers and around 70 telehandlers.

Over 15-15 March, there will also be over 250 miscellaneous items including forks and tipping skips, as well as a year-old executive electric hybrid Mercedes Benze E350.

Euro Auctions previously worked with the team at EY in 2016, after Hewden Stuart collapsed raising £120m in what amounted to the worlds largest mobile crane sale.

 

From http://www.constructionenquirer.com/2019/03/01/blockbuster-hawk-plant-auction-to-raise-40m/

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Author: Ebenal Construction

Ebenal Construction is the process of constructing a building or infrastructure.Construction differs from manufacturing in that manufacturing typically involves mass production of similar items without a designated purchaser, while construction typically takes place on location for a known client.