Hilco Commercial Industrial Takes Charge of SunPower Asset Sales

Author: Owen Jenkins Updated: 09-12-2024 06:39 PM

Reimagining Opportunities with Hilco Commercial Industrial

Hilco Commercial Industrial (HCI) has stepped up to manage the sale of assets linked to SunPower Corporation, a notable move following the company's Chapter 11 bankruptcy filing. This initiative presents an excellent chance for customers interested in acquiring select assets, including high-efficiency solar solutions that have not been included in SunPower's plan for future operations.

Understanding the Engagement with SunPower

An Overview of the Chapter 11 Process

As part of its Chapter 11 processes, SunPower has decided to liquidate certain inventory and assets, a step overseen by HCI. This liquidation is significant as it encompasses a substantial offering of solar modules, totaling over 120 megawatts, along with essential balance of system (BOS) components and equipment.

Expert Management by HCI

Brent Bonham, the Managing Director at Hilco Commercial Industrial, expressed HCI’s commitment through this engagement, reaffirming their focus on providing tailored solutions for distressed companies. "This is an opportunity for businesses to purchase assets that are no longer tied to SunPower's go-forward restructuring efforts," Bonham noted.

Asset Sale Details and Opportunities

HCI will take charge of the entire asset sale process, ensuring that all transactions are conducted with a high standard of professionalism and efficiency. Interested parties are advised to reach out to Hilco Commercial Industrial for detailed information regarding the available assets and the acquisition process.

Accessing Information on Available Assets

Upon inquiry, a comprehensive catalog and further details about the assets will be provided to potential buyers. This increase in accessibility presents a valuable path for businesses looking to enhance their operations with high-quality solar technology.

A Closer Look at Hilco Commercial Industrial

Hilco Commercial Industrial is recognized as a leader in offering customized acquisition, disposition, and advisory services concerning commercial and industrial assets. Their reputation for delivering results is built on a deep understanding of their clients' needs and the operational complexities surrounding asset management.

Global Presence and Expertise

Based in Northbrook, Illinois, HCI operates under the umbrella of Hilco Global, which stands as a prominent authority in enhancing business asset value through innovative solutions in valuation and monetization. Hilco Global features numerous specialized units aimed at various service aspects, including asset valuation, inventory management, real estate investments, and advisory functions.

Frequently Asked Questions

What is Hilco Commercial Industrial's role in SunPower's asset sales?

Hilco Commercial Industrial is managing the sale of assets tied to SunPower's Chapter 11 bankruptcy, providing opportunities for customers to purchase high-efficiency solar solutions.

What types of assets are available for purchase?

The assets include over 120 megawatts of solar modules along with related balance of system components and support equipment.

How can interested buyers access more information about the assets?

Interested buyers are encouraged to contact Hilco Commercial Industrial directly to obtain detailed information and a catalog of available assets.

What is the significance of the asset sale?

This asset sale provides customers with the chance to acquire valuable solar solutions that are no longer part of SunPower's restructuring plans.

Who can benefit from these asset acquisitions?

Businesses looking to enhance their efficiency and sustainability with high-quality solar technology can significantly benefit from these acquisitions.

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