Gordon Brothers Purchases Assets of Coalcliff Pty Ltd

Perth, Australia, April 04, 2019 (GLOBE NEWSWIRE) -- April 4, 2019—Gordon Brothers, the global advisory, restructuring, and investment firm, announced today that it has acquired assets formerly owned by Coalcliff Pty. Ltd. and will market them for immediate sale. The assets include trucks (prime movers, service trucks, and water trucks), trailers, loaders, excavators, rollers, dump trucks, graders, dozers, light vehicles, and miscellaneous workshop assets and assorted parts.

“These are incredibly desirable assets with applications across the civil construction, transport, and mining industries,” stated Matt Aubrey, Managing Director, Australia of Gordon Brothers. “We’ve already seen a lot of interest in this equipment and expect them to sell very quickly, especially given their good condition and low mileage,” he added.

The fleet consists of Caterpillar, Komatsu, Sumitomo, Volvo, and John Deere equipment. All assets will be sold from Gordon Brothers’ Bibra Lake yard in Western Australia, 20 kilometers south of Perth. Further detail on the assets is available at http://australia.gordonbrothers.com/coalcliff. 

Gordon Brothers acquired the assets from liquidators after the company entered administration in early November of 2018. Based in Collie, Western Australia, Coalcliff operated in the mining, civil contracting, and plant hiring industry.

This transaction represents the third major mining and transport asset sale Gordon Brothers has undertaken in the past year. The company entered the Australian market in 2017 in Sydney and has since set up offices in Melbourne and Perth. Gordon Brothers is based in Boston and maintains offices in São Paulo, Tokyo, London, New York, and Los Angeles, among others.

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 25 offices across five continents.