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Gordon Brothers & Ritchie Bros. Form Alliance to Assist Australian and South East Asian Insolvency and Restructuring Market

Gordon Brothers & Ritchie Bros. Form Alliance to Assist Australian and South East Asian Insolvency and Restructuring Market

23-Apr-2021 Intellasia |
MEDIA RELEASE |
3:44 PM

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resulting in an exceptional experience for clients.

The Alliance combines a deep knowledge of distressed situations and asset valuation with the benefits of a worldwide remarketing network. Its global reach and advanced technology enable the business to provide the best industrial asset realisation service in the market, standing behind their value opinions with cash backed guaranteed outcomes.

Clients benefit from access to the world’s largest database for industrial asset realisation, world leading multichannel selling platforms, and 40 auction sites worldwide.

About Gordon Brothers

*Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors and investors move forward through change.

*The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to put assets to their highest and best use.

*Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston with over 30 offices across five continents.

Ritchie Bros.

*Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.

*Operating in several sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company’s selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance(R) equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales.

*The company’s suite of multichannel sales solutions also includes Ritchie Bros. Asset Solutions, a complete end-to-end asset management and disposition system. Ritchie Bros. also offers sector-specific solutions including GovPlanet, TruckPlanet, and Kruse Energy, plus equipment financing and leasing through Ritchie Bros. Financial Services

Category: FinanceAsia, PRAsia

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