Record-breaking pipeline equipment auction to be held in September

In September 2016, the world's largest industrial auctioneer: Ritchie Bros, will be selling the entire fleets of two of the longest-running pipeline companies in the US. Over 160 pipelayers, large dozers and support equipment will be sold by unreserved auction in Columbus.

This will be Ritchie Bros.' largest-ever pipeline equipment auction, with the majority of the inventory coming from Sheehan Pipeline Construction Company and Oliver Pipe & Equipment Inc. The auction also features a major fleet realignment from J-Wood Pipeline Services.

"There's only been two or three auctions like this in my 37 years in this business—it's an excellent opportunity for buyers," said Robert Riess, President and CEO of Sheehan. "The pipeline industry is a small niche group of friends and competitors and I think there will be many people very interested in these assets."

There are currently more than 1300 equipment items and trucks listed to be sold with no minimum bids or reserve prices. Bids can be placed in person, online in real time and by proxy.

"There's still over two months to go and the inventory is building daily," said Terry Dolan, President, USA and Latin America, Ritchie Bros. "Bidders will have plenty to choose from. And for sellers, there's still time to get involved."

Adapted from press release by Anna Nicklin

Read the article online at: https://www.worldpipelines.com/equipment-and-safety/29072016/record-breaking-pipeline-equipment-auction-to-be-held-in-september/