51% MEMBERSHIP INTEREST

Auction by: Maltz Auctions

Security Agreement Sale

51% Membership Interest

Live Off-Site Auction

Began: Wednesday, June 08, 2016 at 9:00 AM EDT

Location: 3333 New Hyde Park Road, Suite 211, New Hyde Park, NY 10042

Details

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Security Agreement Sale

51% OF THE MEMBERSHIP INTEREST HELD BY REMINGTON STEEL & SIGN CORP. IN REMINGTON STEEL & SIGNS LLC

 

 

 

Description:

  • 51% OF THE MEMBERSHIP INTEREST HELD BY REMINGTON STEEL & SIGN CORP. IN REMINGTON STEEL & SIGNS LLC
  • Excellent opportunity to acquire a respected metal fabrication company in South Florida.  In business for over 40 years with experience handling a wide variety of welding and steel fabrication projects.  Significant years of experience in fabrication and installation of highway and sign structures in the South Florida market along with contracts for highway emergency support. It has maintained positive operating EBITDA and has the opportunity to expand profitability based upon over $5.5 million in signed contracts which are now underway.

  • Only Florida Department of Transportation simple bridge certified welding shop in South Florida and holds Small Business Enterprise and Disadvantaged Business Enterprise Certification.  The company has strong relationships with General Contractors in Central and South Florida.
  • The Company currently leases space in South Florida which is close to all major highways. It  owns fabrication assets consisting of Welding Equipment, Flat Beds, Overhead Crane, Bucket Truck and other fabrication equipment with a fair value of over $200,000. 

 

Auction Date & Time: Wednesday, June 8th at 9:00 am.

Auction Location: Weiss Zarett Brofman Sonnenklar & Levy, P.C., 3333 New Hyde Park Road, Suite 211, New Hyde Park, New York 10042.

Terms & Conditions of Sale: Please review “Notice of Sale” in documents” tab for details. Subject to a 10% Buyer’s Premium.

 

Weiss Zarett Brofman Sonnenklar & Levy, P.C., Attorneys for the Secured Party
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker

 Phone (516) 349-7022  Fax (516) 349-0105

The Seller, Attorneys for the Seller and the Auctioneer do not guarantee the accuracy of any of the descriptions or any other information pertaining to the sale of this property. All prospective bidders are urged to do their own due diligence prior to participating in the Public Auction Sale.

Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.

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