Six-Week Sale Exceeds Recovery Expectations for Leading South African Construction Company
A leading civil engineering and construction group based here in South Africa decided to
increase efficiency and reduce costs by strategically consolidating business units.
The company chose Liquidity Services for our global reach – a key priority given the
assets’ high value. We were required to complete the sale in just 6 weeks, with
the client’s surplus scattered across several locations throughout Africa.
Attracting buyers from around the world, we succeeded in selling every asset for $1.7 million (R25 million)within the short 6-week window.
Energy Giant Recovers Beyond Expected Returns
Riding on a partnership of over 4 years, Liquidity Services helped the Mitsubishi Heavy Industries Group dispose of a wide range of construction equipment located in remote areas around the SA. Throughout the partnership, we have appraised surplus worth R50 million and generated 25% higher returns than was expected.
R80 million and counting. Eastern Cape Transport Department recovers value from used vehicle disposal project.
After the successful valuation of well over 1000 vehicles, Liquidity Services listed these unserviceable or obsolete vehicles on our global online marketplace AllSurplus. These assets included passenger vehicles, buses, ambulances, bakkies and scrap. To date we have sold over 1300 vehicles and generated over R80 million in proceeds to help fund the Departments future initiatives.