OBERLE & ASSOCIATES TO SELL EXCESS ASSETS TO THE OPERATION AT PUBLIC AUCTION
05/08/2012

Oberle & Associates, Inc., a full service construction company, will conduct an auction to sell excess inventory and surplus industrial equipment valued at approximately $1 million on May 15, 2012 at their facilities in Richmond, Indiana, and online.

Online PR News – 08-May-2012 – Richmond, IN – Oberle & Associates, Inc., initially a heavy rigging power plant contractor and moving company, now a full service construction company, with diversified capabilities in Design and Build, General Construction, Industrial Construction, and Millwright and Rigging, will conduct an auction to sell excess inventory and surplus industrial equipment that is no longer required for the company’s continuing operations. The auction is scheduled for May 15, 2012 at their facilities in Richmond, Indiana, and on bidspotter.com a live webcast auction venue. Items to be sold at the auction include cranes, rigging equipment, forklifts, steel inventory, construction & fabrication equipment, tools, supplies and minor equipment. The inventory to be auctioned is presently valued at approximately $1 million, although Oberle & Associates Inc. anticipates that most items will be sold at prices well below book value.

Over the past two years, Oberle & Associates Inc. has assessed its inventory of equipment, materials and supplies, determined requirements for current operations, and reallocated assets within the company where they have been most needed. The items to be auctioned represent only excess inventory not required for continuing operations. This sale is yet another continuation of Oberle & Associates drive to service all of its clients with timely and cost effective services of the highest possible quality. The sell down of idle equipment will streamline process, reduce overhead and allow more savings to be passed onto the customers. The auction will be open to the public. However, they will be focused primarily on contractors and other organizations most likely to be in need of industrial equipment. Gallivan Auctioneers & Appraisers, a company that specializes in auctions of industrial and commercial assets, is handling the auction for Oberle & Associates. Additional information on the auction, including photos and descriptions of some of the available items, can be found on Gallivan’s website at http://www.njgallivan.com.