Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC
25 Julio 2023 - 12:00PM
Business Wire
Online Auction Opens August 16th and Bidding
Closes August 17th, 2023
https://www.hgpauction.com/auctions/118284/skybus-llc/
Heritage Global Partners (“HGP”), a subsidiary of Heritage
Global Inc. (NASDAQ: HGBL), and a worldwide leader in asset
advisory and auction services, in conjunction with Cloud Investment
Partners, a diversified global investment firm dedicated to
Strategic investments primarily in the Aviation sector, announced
today that they will host an online auction of large quantity of
CFM56-3, 5A, 5B, 5C and 7B surplus parts inventory, no longer
required by Skybus LLC. The online auction is scheduled to open on
August 16th at 7:00am ET and slated to close in sequential order at
10:00am ET on August 17th, 2023.
“The CFM56 Market is in extremely high demand. We had an
outstanding sale for iAeroThrust earlier this year, prompting
Skybus to entrust both HGP and Cloud Investment Partners with their
assets for sale. This impressive list of assets includes Engines,
LLP’s, Blades, Disks and more,” said David Weiss from Cloud
Investment Partners.
Craig Thompson, Senior Vice President of HGP added, “We are
excited to collaborate with Cloud Investment Partners for the
auctioning of Skybus’s surplus inventory of CFM56-3, 5A, 5B, 5C and
7B parts. We anticipate a robust participation in the event and are
confident that this offering will be highly sought-after in the
marketplace.”
Interested parties can view all assets for sale and register to
bid on HGP’s website.
Key items for sale include:
- (2) CFM56-5B4/P Complete Engine in Stand
- PW JT9D-7J Complete Engine in Stand
- Engine Module Stands
- LLP’s
- Various Tagged HPT
- LPT Stage Blades
- Fan Disks
- Booster Spools
- LPT Shafts and Cases
- Air Seals
- HPT Shafts
Heritage Global Partners, Inc. ("HGP") is a subsidiary of
Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the
Industrial Assets business unit and is a full-service auction,
liquidation and asset advisory firm which holds a prominent spot in
the industrial sectors including Aerospace, Automotive, Aviation,
Biotech, Broadcast & Postproduction, Chemical, Electronics
Manufacturing, Energy, Food & Beverage, Heavy Construction,
Metalworking, Oil & Gas, Pharmaceutical, Plastics, Printing,
Real estate, Semiconductor, Solar, Textile & Woodworking, and
others. HGP conducts 150-200 auction projects per year,
globally.
Heritage Global Inc. (“HG”) values and monetizes
industrial & financial assets by providing acquisition,
disposition, valuation, and lending services for surplus and
distressed assets. This aids in facilitating the circular economy
by diverting useful industrial assets from landfills and operating
an ethical supply chain by overseeing post-sale account activity of
financial assets. Specialties consist of acting as an adviser, in
addition to acquiring or brokering turnkey manufacturing
facilities, surplus industrial machinery and equipment, industrial
inventories, real estate, and charged-off account receivable
portfolios through its two business units: Industrial Assets and
Financial Assets.
Cloud Investment Partners is a team with unparalleled
experience. Cloud Investment Partners understands that it is
critical to help meet our client challenges and capitalize on
opportunities successfully. A diversified global investment firm
dedicated to Strategic investments primarily in the Aviation
sector.
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version on businesswire.com: https://www.businesswire.com/news/home/20230725152293/en/
Craig Thompson (858) 210-8785 cthompson@hginc.com
David Weiss (561) 771-4246 david.weiss@cloudlllp.com
Investor Relations: John Nesbett/Jennifer Belodeau IMS Investor
Relations 203/972.9200 InvestorRelations@HGinc.com
Heritage Global (NASDAQ:HGBL)
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