Heritage Global Partners to Conduct Auction of Surplus Tractors, Trailers & Generators From Halliburton’s Duncan, OK Site

Rhea-AI Summary

Heritage Global Partners (HGP), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), is set to conduct an online auction from March 24 to March 25, 2021, featuring surplus tractors, trailers, and generators from Halliburton’s Duncan, Oklahoma site. Over 200 assets, including Kenworth T800B tractors and various trailers, will be available. HGP's Senior VP, David Barkoff, expressed confidence in strong bidding interest from the oil and gas sectors. The auction sale catalog is currently posted online, providing equipment details and registration links.

Positive

• Upcoming online auction with over 200 surplus assets expected to generate strong bidding interest.
• Partnership with Halliburton strengthens market presence in the oil and gas sector.

Negative

• None.

Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services, and a subsidiary of Heritage Global Inc. (Nasdaq: HGBL) today announced that it will conduct an online auction of surplus tractors, trailers and generator assets from Halliburton’s Duncan, Oklahoma site.

The online auction will open on March 24, 2021 and will close on March 25, 2021. The sale catalog is currently posted with equipment photos, descriptions and links to the auction registration.

David Barkoff, Senior Vice President at HGP commented, “We are excited to partner with and assist Halliburton with the sale of its surplus and idle fleet in Duncan and believe these assets will generate strong bidding interest from those in the oil and gas and related energy sectors seeking to add to their fleet.”

Over 200 assets are included for auction, including:

• (100+) Kenworth T800B Tractors
• (24) Worley Welding Works, Inc 4000G - 5350G Trailers
• (12) Trail King 1000CF Trailers
• (20) HES-Duncan 12V4000 T4i MTU Trailers
• (19) HES-Duncan 400G Acid Tank & Trailers
• (20) TRL Chassis
• (3) Nabors 40-48Ft Flatbed Trailers
• (1) Hobbs 40-48Ft Flatbed Trailer
• (10) Onan DSFAD 60kW Generators
• (1) Crane Boom

About HGP

Heritage Global Partners, Inc. Is a subsidiary of Heritage Global Inc. (NASDAQ:HGBL) and one of the world’s largest industrial auction firms, providing asset valuation, acquisition and disposition services.

About Heritage Global Inc.

Heritage Global Inc. (NASDAQ: HGBL) is an asset services company specializing in financial and industrial asset transactions. The company provides a full suite of services including market making, acquisitions, dispositions, valuations and secured lending. Heritage Global focuses on identifying, valuing, acquiring and monetizing underlying tangible and intangible assets across twenty-eight global sectors. The company acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, accounts receivable portfolios, intellectual property, and entire business enterprises.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210303005309/en/

FAQ

When is the online auction for Halliburton surplus assets conducted by HGP?

The online auction will be held from March 24 to March 25, 2021.

What types of assets are included in HGP's auction for Halliburton?

The auction includes over 200 assets such as Kenworth T800B tractors, trailers, and generators.

What is the significance of the auction for Heritage Global Inc. (HGBL)?

The auction presents a significant opportunity for HGBL to generate interest in their auction services and strengthen their positioning in the oil and gas sector.

Where can I find the auction catalog for Halliburton's surplus assets?

The auction sale catalog is available online with equipment photos and registration links.

Who is managing the auction for Halliburton's surplus assets?

Heritage Global Partners (HGP) is managing the auction.