Sydney, July 25, 2018 (GLOBE NEWSWIRE) -- Gordon Brothers, the global advisory, restructuring and investment firm, announced today that its Australian business has acquired a large portfolio of mining and earthmoving assets from the Koolyanobbing Iron Ore Mine in Western Australia, and plans an immediate sale of this major fleet of mobile equipment. Over 300 major pieces of machinery and equipment are available for sale, comprising Komatsu, Atlas Copco, Daewoo, Doosan, Kenworth, Sandvik and other brands. Assets include drills, dump trucks, excavator, graders, prime movers, as well as other attachments and accessories.
“This mining equipment is a global commodity product that can be utilized for many different applications,” stated Matt Aubrey, Managing Director, Australia at Gordon Brothers. “There is a shortage of available mining equipment currently in the market, and with extensive manufacturing lead times, the fleet provides an opportunity for readymade fit for purpose equipment to be purchased and put straight to work,” stated Aubrey.
The assets are located in Koolyanobbing, Western Australia and will be available for inspection at the end of July.
“Gordon Brothers will sell by negotiation, providing the opportunity for all interested parties to inspect the assets and purchase immediately,” stated Fenton Healy, Managing Director, Australia, Gordon Brothers. “In a market with limited supply of equipment this offering presents a unique opportunity for users to buy additional machinery.”
For a full list of the assets for sale, visit http://www.gordonbrothers.com/miningassets. For inquiries regarding the sale, please contact sales-aus@gordonbrothers.com.
About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 26 offices across five continents.