Aerothrust Auction yields five million dollar bulk offer

September 15, 2010 9:15 PM Eastern Standard Time

Heritage Global Partners, Hilco Industrial, and Counsel RB Capital, LLC announced the sale of all tangible and intangible assets of 60 year old Miami based Aerothrust.

According to David Weiss, Vice President of Sales at Heritage, this was the first auction of a Jet Engine Repair Facility that sold in bulk.  Over 350 companies attended and 20 firms posted 250,000 deposits and competed with spirited bidding that created a successful event.