Nations Capital (NCI), a Gordon Brothers company and an asset management and advisory firm specializing in opportunistic investments and asset remarketing, together with Ritchie Bros. Auctioneers, have received bankruptcy court approval to serve as co-agent and liquidator for the extensive crane, rigging, support equipment and transportation assets of Sterett Companies, which includes Sterett Crane and Rigging, Sterett Heavy Hauling and Sterett Equipment Company.
NCI and Ritchie Bros. will oversee the sale of a range of cranes, rigging equipment, transportation gear and additional support assets. This includes mobile cranes, crawler cranes, rough terrain cranes, all-terrain cranes, lifting equipment, specialized rigging gear and transportation assets located across the United States. NCI and Ritchie Bros. will employ a multi-channel sales strategy, first featuring private treaty sales and strategic bulk sales, as well as live and fully digital auction formats for specific assets, to optimize the value of the fleet.
“Nations Capital is committed to providing customized asset solutions that address the specific needs of our clients,” Zac Dalton, executive vice president of NCI, said. “We will be employing a targeted strategic and private sale process for a large portion of the assets across a powerful sales platform that ensures broad visibility and market penetration for Sterett’s diverse fleet. This approach is designed to engage a wide range of buyers and maximize asset value.”
“We are excited to collaborate with Nations Capital to bring this extensive array of cranes and rigging equipment to a global audience,” Jake Lawson, president of North American sales at Ritchie Bros., said. “Our combined expertise and broad buyer network allow us to deliver unparalleled sales services, ensuring that each asset receives maximum exposure and competitive bidding.”
