Case Histories

Solid Comfort

Fargo, North Dakota

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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