Energy Transportation sale exceeds $54 million
By Alex Dahm26 March 2015
The Ritchie Bros auction of the Energy Transportation crane and transport equipment fleet brought in more than US$ 54 million on 25 March.
It was Ritchie’s largest single-owner auction and included more than 2,290 lots of cranes, trucks, trailers and associated equipment. The sale in Casper, Wyoming, USA, included 38 cranes, which sold for more than $35 million, Ritchie said. Equipment highlights included a 500 tonne capacity 2010 Liebherr LTM 1500-8.1 wheeled mobile telescopic crane that went for $3.35 million, making it the most expensive all terrain crane sold by Ritchie Bros. Close behind was A 600 tonne capacity 2011 Liebherr LR 1600/2 lattice boom crawler crane at $3.30 million. Next was a 450 tonne capacity 2013 Grove GMK7550 all terrain crane that sold for $2.73 million.
More than 3,000 bidders attended the unreserved auction, in person and on line, from 47 countries, Ritchie said. Around $43 million (78 %) of the equipment sold to buyers outside the state of Wyoming. Online bidders accounted for $20 million (36 %) of the total.
Ravi Saligram, Ritchie CEO, said, “Our extremely successful Casper auction, featuring high-quality cranes, trucks and trailers, is one of the largest underwritten complete dispersals the Company has ever done.”
Energy Transportation founder Dan McGlade sold the operating interests of Energy Transportation to NCSG Crane & Heavy Haul Corp in February. Separately from that deal McGlade sold the company’s entire equipment fleet at the Casper auction.
McGlade said, “After 30-plus years building this company and this fleet, for me today is bittersweet. There’s an outstanding group of people who have built this company. NCSG will continue to employ this amazing team and continue to offer customers the same great service Energy Transportation has built its name on.”
The top highlights in the sale were as follows:
A 500 tonne capacity 2010 Liebherr LTM 1500-8.1 wheeled mobile telescopic crane – sold for US$3.35 million.
A 600 tonne capacity 2011 Liebherr LR 1600/2 lattice crawler crane – sold for $3,300,000.
A 450 tonne capacity 2013 Grove GMK7550 all terrain crane – sold for $2,725,000.
Two 400 tonne capacity 2008 Manitowoc 16000 lattice crawlers – sold for $2,325,000 each.
A 300 tonne capacity 2012 Grove GMK6350 all terrain crane – sold for $2,200,000.
A 2010 Kenworth C500 6x6 off-highway prime mover – sold for $400,000.
A 2013 Kenworth C500 6x8 truck – sold for $375,000.
Two 340 tonne capacity 2002 Scheuerle 12 line platform trailers – sold for $420,000 and $395,000.