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McAleese's utes, cars and prime movers to go to auction

Failed transport company McAleese has put truck loads of assets up for auction.
Failed transport company McAleese has put truck loads of assets up for auction. GraysOnline

MORE than 70 prime movers and 40 cars from failed transport company McAleese are going under the hammer by appointment of its administrators.

GraysOnline has the auction listed on its website with some auction dates running from November 17 and others starting in February.

The long list demonstrates the large inventory of assets the transport company which has been in Mackay since the 1930s.

The company went into voluntary administration on August 29 when financiers decided the company had not met its contract obligations.

The Mackay depot has since closed down and workers were made redundant.

>>>>When will McAleese auction off the equipment in Mackay?<<<<

But some of the equipment is still in the Mackay depot and listed on the GraysOnline auction as well as Brisbane, Melbourne, Adelaide and Perth.

Failed transport company McAleese has put truck loads of assets up for auction.
Failed transport company McAleese has put truck loads of assets up for auction. GraysOnline

Items for sale include more than 70 prime movers, more than 69 trailers, utes, sedans and body delivery trucks.

There is also the office furniture, computers and IT equipment from the Mackay office up for sale.

There is also the crane equipment which was aligned with the heavy haulage and lifting side of the business.

Failed transport company McAleese has put truck loads of assets up for auction.
Failed transport company McAleese has put truck loads of assets up for auction. GraysOnline

The sales process is expected to take about four months.

According to Grays, preparations for the McAleese Heavy Haulage & Lifting sale will be made more complex than usual because many of the assets have multiple component parts that need to be located and documented, and their condition assessed, before the asset can be valued and listed for sale.

Failed transport company McAleese has put truck loads of assets up for auction.
Failed transport company McAleese has put truck loads of assets up for auction. GraysOnline

GraysOnline head of mining and transport Fenton Healy said the sale would be structured as a series of direct sales and auctions depending on the dynamics of each asset category, and he expected healthy buying interest.

"Prices for the heavy transport assets have stabilised following the bottoming of the mining downturn. The market for general transport assets is generally pretty liquid and this part of the portfolio is well suited to a national, online auction," he said.

"Cranes are a more specialised category - we'll be presenting the larger cranes to multinational buyers through our international network and putting the smaller Franna cranes into strategic sale lots depending on their age and condition."

Failed transport company McAleese has put truck loads of assets up for auction.
Failed transport company McAleese has put truck loads of assets up for auction. GraysOnline

Topics:  auction better business big rigs mcaleese group



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