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Hilco Industrial to Conduct Oilfield and Oil Well Support Equipment Auction

HOUSTON, Nov. 2, 2015 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com) announces it will hold a public online auction of the oilfield and oil well support assets of HII Technologies, Inc. HII, with operations in Texas, Oklahoma, Ohio and West Virginia, provided equipment and services to oil exploration and production companies operating horizontal drilling and hydraulic fracturing sites in the United States.

The assets to be offered at auction include flowback water transfer equipment, power generators, many makes and models of semi tractors and trailers, rock trucks, excavators, loaders, graders, and much more. The assets can be viewed by appointment at the following locations:

  • SE 79th, Oklahoma City, OK
  • 3721 East Highway 158, Midland, TX, 79706

The online auction will take place November 13th – 18th, with the first lot closing Wednesday, November 18th at 11:00 AM (EST). The auction and sale process was approved by the United States Bankruptcy Court for the Southern District of Texas, Case No. 15-60070 (Jointly Administered), In re HII TECHNOLOGIES, INC., et al., and will be conducted pursuant to Section 363 of the United States Bankruptcy Code.

For additional auction information, lot catalogue, bidding requirements, and to register, please visit: www.hilcoind.com/hiitechnologies or contact:

About Hilco Industrial:

Hilco Industrial (www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, operational consulting and strategic capital equity investments.

About HII Technologies:

HII Technologies, Inc. was a Houston, Texas based, oilfield services company focused on frac water management, including water transfer and produced water flowback services, in the Southwest United States. The Company also provided emerging water-related Clean Tech cost-saving solutions to the industry. Read more at www.HIITinc.com.

CONTACT: Gary C. Epstein EVP Chief Marketing Officer Hilco Global (847) 418-2712 gepstein@hilcoglobal.com

Source: Hilco Global