Purchase of Woodworking Plant Provides Business Exit for Owner
Situation
Solid Comfort, a Tier 1 supplier of wooden and laminated case goods for major hotel brands, elected to wind down operations and sought to sell all production equipment from its 220,000-square-foot facility.
Actions
Hyper Group purchased all equipment and support assets within the facility and executed an online auction to effectively monetize the assets.
Results
All assets were sold and removed from the facility on a timely basis, allowing the former owners to proceed with the sale of the real estate. Result highlights included:
Gross Sale Proceeds: Met expectations
Registered Bidders: 257
Bidder Reach: Participants from 36 U.S. states and 3 countries
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