Hilco Industrial to Sell the Assets Formerly Owned by the Saskatchewan Transportation Company

TORONTO, Jan. 11, 2018 /CNW/ -- Hilco Industrial Acquisitions Canada ULC announced today that they have purchased the assets formerly owned by the Saskatchewan Transportation Company (STC). The government of Saskatchewan ceased operations of STC in mid-2017. Hilco will be conducting two separate sales processes for interested parties to acquire these assets.

The STC fleet, featuring (45) motor coaches and buses, will be sold through a sealed bid process. The motor coaches and buses can seat 15 to 51 passengers. The entire fleet is equipped with WiFi and Zonar, while most are outfitted with security cameras, DVD and power outlets. A portion of the fleet is wheel chair accessible. There are also (31) trailers available. This is an excellent opportunity for municipalities, fleet operators, limo/livery companies, sports teams, entertainers, brokers/dealers and individuals to purchase these meticulously serviced and maintained vehicles, some of which are as new as 2017. Bids are due by February 28, 2018. Complete details, photos, and documentation for each vehicle, as well as more information about the sealed bid process can be viewed at https://www.hilcoind.com/sale/STCsealedbid.

The entire fleet is in Saskatoon, SK. Preview of these vehicles is by appointment only. Please contact Bryan Courcier at bcourcier@hilcoglobal.com or +1 720.636.5123 for more info or to schedule an inspection.

The sale of the STC personal property assets at the vehicle maintenance facility, located in Saskatoon, SK and the STC administrative offices, located in Regina, SK will be conducted via a live, onsite webcast auction on February 1, 2018 at 10am MT from the Saskatoon location. This sale will include hundreds of lots of hand tools, shop equipment, machine tools, material handling, vehicle repair/maintenance equipment, spare parts, modern office furniture and equipment and personal and network IT equipment. Additional information regarding these assets, including info about the sales process and registration can be found at https://www.hilcoind.com/sale/STCwebcast.

All the items can be previewed on January 31, 2018 between 8am – 4pm MT. Please contact Voytek Kulpa at vkulpa@hilcoglobal.com or +1 647-284-6905 for more info.

About Hilco Industrial Acquisitions Canada ULC: Hilco Industrial Acquisitions Canada ULC (www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees.

Hilco Industrial is in Northbrook, Illinois and operates as a part of Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, consulting and strategic capital investments.

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SOURCE Hilco Industrial Acquisitions Canada