Heritage Global Partners and Cloud Launch Aerospace Defense Auction

Heritage Global Partners Hosts Unique Online Auction

Heritage Global Partners (“HGP”), a prominent name in asset advisory and auction services, has joined forces with Cloud Investment Partners to announce an exciting online auction event. This initiative showcases surplus SATCOM communications and field equipment sourced from a leading aerospace defense contractor, effectively bringing unique assets to the broader market.

Exclusive Auction Details

The auction is scheduled to take place over two days, featuring an impressive collection of assets that includes Humvees, generators, communication shelters, turrets, and cutting-edge electronics. Auction enthusiasts and industry professionals will find a diverse range of items available, giving them a rare opportunity to access late model SATCOM assets. This online event opens on February 5 and concludes on February 6, allowing participants ample time to place their bids.

The Rare Collection

Followers of the aviation and defense sectors will be particularly interested in the highlighted assets available for bid. The auction features over 700 lots with unique items, such as:

• 8 units of the 2020 AM General Model M1152 HMMWV
• 8 units of Gichner Shelter Systems Transportable Communications Command and Control Shelter
• 8 units of L3 Harris Wide Band Data Link Ground Node System
• 8 units of Triton Power 26 KW Diesel Generator
• 8 units of L3 Satellite Communications System
• 8 units of L3 Communications 17.5" in. KU Band SATCOM Antenna
• Test equipment featuring various signal generators and analyzers

Industry Leaders Collaboration

Craig Thompson, Senior Vice President at HGP, expressed enthusiasm about this significant auction project. He noted the rarity of such SATCOM assets on the secondary market and emphasized the longstanding successful partnership between HGP and Cloud in the aerospace and aviation sectors. Their combined expertise assures potential buyers of valuable opportunities and quality service throughout this auction event.

Expert Insights

David Weiss, Managing Partner at Cloud Investment Partners, shared insight into the significance of the sale. He highlighted the specialized OEM materials that play a crucial role in key aerospace and defense programs. Weiss is confident that the high-quality items available will meet the needs of bidders and bring substantial value to future owners.

About Heritage Global Partners

Heritage Global Partners, as a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), operates under the industrial assets business unit. HGP has a noteworthy reputation in various sectors, including aerospace, automotive, biotechnology, and energy, among others. The firm conducts between 150 and 200 auction projects globally each year, demonstrating their deep industry knowledge and commitment to facilitating effective asset management.

About Heritage Global Inc.

Heritage Global Inc. is dedicated to valuing and monetizing industrial and financial assets through comprehensive services that include acquisition, disposition, valuation, and lending. Their focus on surplus and distressed assets contributes to a sustainable economy by promoting efficient asset use and ethical supply chains. The firm excels in advising clients and managing assets to ensure optimal financial outcomes.

About Cloud Investment Partners

Cloud Investment Partners is recognized for its extensive experience in the areas of commercial aviation and defense. Their expertise allows them to navigate complex challenges, seize investment opportunities, and deliver tailored strategies that enhance their clients' operational success.

Frequently Asked Questions

What is the purpose of the auction hosted by HGP and Cloud?

The auction aims to provide a platform for selling surplus SATCOM communications and field equipment sourced from a major aerospace defense contractor.

When will the auction take place?

The auction will open on February 5 and close on February 6, allowing for two full days of bidding.

What types of assets are available in the auction?

The auction features a variety of assets, including Humvees, generators, communication shelters, turrets, and advanced electronics.

How can interested parties register for the auction?

Interested participants can find the registration link and auction catalog on the Heritage Global Partners website.

Is this auction unique compared to previous auctions?

Yes, this auction showcases late model SATCOM assets that are rarely available on the secondary market, making it a significant event for those in the industry.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.