An expansive inventory of OEM replacement parts, diagnostic equipment, & and maintenance components for Merlo brand tele-handlers, being offered as a package. The asking price for the package is available for $2,052,00.00, which, is the cost of the inventory.
The accompanying documents are provided as general reference for parties to evaluate the assets of Applied Machinery Rentals, LLC being offered in this private negotiated sale. The document titled “Applied Machinery Rentals, LLC Parts Inventory Valuation Summary” provides the active inventory as of June 20th, 2023, and is believed to be the most accurate representation of the Merlo parts, pieces, and accessories being offered in this package; however actual counts may vary. While Iron Horse Auction Co. has made its best effort to provide the most recent inventory for review, the auction company makes no guarantee of accuracy. Iron Horse Auction Company completed a spot check of one-hundred random part numbers on August 28, 2023, and the results of this spot check are provided for review. Iron Horse Auction Co. invites and encourages interested parties to inspect the assets in person prior to submitting an offer for the purchase of the assets. All items offered in this package are being sold “AS-IS, WHERE IS” with all faults without warranty of any kind. The documents provided by Iron Horse Auction Company are for reference only and should not be used as a basis for value. Buyers should form their own opinion of value. Variation between the reference documents provided and the physical assets on hand does not constitute release from a purchase agreement.
As with any bankruptcy sale, once a buyer is identified the Trustee will file a motion to sell. There will be a 21-day notice period and the proposed sale will be subject to higher and better offers at a confirmation hearing. In the event that a competing offer is submitted prior to the confirmation hearing, all offering parties are suggested to attend the hearing as a possible auction may occur in the courtroom. If an auction occurs in the courtroom the Bankruptcy Judge will establish bidding procedures prior to the commencement of the courtroom auction and will be finalized at that hearing. Any Purchaser who executes an Asset Purchase Agreement shall be required to submit a 10% deposit within 3 business days of executing the Asset Purchase Agreement. The buyer will be allowed 30 days from closing to remove inventory from its location.