Hilcobid Provides Surplus Capital Asset Management, Valuation and Disposition Services to Large Corporations
HilcoBid® offers a cutting-edge technology-drive platform to companies and governments, enabling them to quickly and seamlessly manage their internal capital asset redeployment and disposition processes. Annually, companies and governments around the world need to deal with surplus capital assets such as machinery, equipment, vehicles, real estate, raw materials and finished goods inventories.
HilcoBid® is a joint venture of Hilco Trading, LLC, a world leader in capital asset disposition services, and SuperBid, South America's leading industrial auction group focused on surplus capital asset redeployment, valuation and disposition programs for large national and multi-national corporations. HilcoBid joins Hilco Industrial, LLC, Hilco Industrial Europe, Hilco Assets Sales Canada, Hilco Acetec Mexico and SuperBid Brazil, SuperBid Argentina, SuperBid Chile and SuperBid Colombia.
The introduction of HilcoBid broadens the scope of Hilco's and Superbid's combined asset disposition capabilities, providing companies and governments with access to what is already considered as the world's largest and most diversified asset sales platform. Through more than 1,000 on-site, webcast and online auctions as well as sealed bid sales and private treaty/negotiated sales, estimated aggregate revenues in 2010 for all of the joint venture's industrial asset disposition businesses were nearly USD $1 billion. Assets sold included production machinery, equipment and inventory for companies in sectors such as automotive, food, pharmaceutical, electronics, construction and mining, power generation and aviation/aerospace.
The HilcoBid asset management system is based on SuperBid technology, already the choice for Global 2000 corporate asset managers in Brazil and other South American countries. HilcoBid online auctions are conducted on a platform that ensures buyers and sellers from around the world can interact with complete trust and openness in an easy-to-use, highly reliable electronic marketplace.
