Tiger Liquidity Services Energy Partners to conduct online auction for equipment
WorldOil.com - December 15, 2016
Tiger Liquidity Services Energy Partners (TLSEP), a strategic alliance between Tiger Group and Liquidity Services, Inc., will conduct an online auction on Dec. 13 for assets that are no longer needed for the continuing operations of Aly Energy Services, Inc., a Houston-based oilfield manufacturing, rental and services company. The assets, which support oil and gas exploration, are located in strategic basins in Odessa/San Angelo, Texas; Oklahoma City, Okla.; and Montrose and Mount Morris, Pa.
The sale is the latest project for the alliance between Tiger Group and Liquidity Services (LQDT), which was formed in January 2016 to help insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market, and to directly assist companies seeking to sell surplus assets.