Hilco Industrial and Heritage Global Partners Conduct Global Private Treaty Sale for GWF Power Systems, L.P.

Six Power Plants throughout California to be sold

April 05, 2012 10:00 AM Eastern Daylight Time

SAN DIEGO – (BUSINESS WIRE) – On behalf of GWF Power Systems, Hilco Industrial, in partnership with Heritage Global Partners, is conducting an immediate sale of six petroleum coke fired power plants in California, for global relocation opportunities or potential turnkey operations.

The Private Treaty Sale features five 22 MW plants and one 30 MW plant. These sites each consist of a single fluidized bed boiler providing steam to a single steam turbine generator. Two of the 22MW sites utilize a Simon-Macawber fuel feed system. The other three 22 MW sites utilize a Scalper/Splitter fuel feed system. The 30 MW site utilizes Simon-Macawber Fuel Feed System with crusher/dryers System. Large inventories of spare and replacement parts are available at each facility.

“Truly a unique opportunity for global buyers of power generation assets to realize a great and immediate opportunity,” said Ross Dove, Managing Partner, Heritage Global Partners.

“The late model and great condition of these sites will surely be attractive to a global marketplace,” said Robert Levy, Managing Partner, Hilco Industrial.

Headquartered in Pittsburg, California, GWF Power Systems is one of California’s leading independent power producers, providing electricity to thousands of homes in northern California.

Hilco Industrial, a unit of Hilco Trading, LLC, provides international industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells a broad range of industrial assets found in manufacturing, wholesale and distribution companies through on-site, online and combination webcast auction sale events worldwide.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners, is one of the country’s leading asset advisory and auction services firms, assisting large and small companies with buying and selling assets. A Counsel RB Capital company (OTCQB: CRBN), Heritage Global Partners specializes in asset brokerage, inspection, and valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.

To obtain more information including scheduling a site preview, please visit www.hgpauction.com or contact David Barkoff at dbarkoff@hgpauction.com.