Heritage Global: Online Auction of Aerospace Defense SATCOM Assets

Heritage Global Partners and Cloud Investment Partners Announce Online Auction of Aerospace Defense SATCOM Assets

Heritage Global Partners (HGP), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a global leader in asset advisory and auction services, has partnered with Cloud Investment Partners to host an exclusive online auction event. This event will feature surplus SATCOM communications and field equipment sourced from a major aerospace defense contractor.

Heritage Global Partners and Cloud Investment Partners Announce Exclusive Aerospace Defense Auction

Heritage Global Partners (HGP) and Cloud Investment Partners are set to host an exclusive online auction showcasing a rare selection of advanced aerospace and defense assets. Scheduled to open on February 5 and close on February 6, the auction offers a unique opportunity to acquire cutting-edge technology and equipment.

The catalog features an extensive range of items, including Humvees, communication shelters, generators, turrets, test equipment, and sophisticated SATCOM electronics. These assets represent high-value, late-model technology that is rarely available on the secondary market. Interested bidders can access the complete catalog and registration details on the HGP website.

Craig Thompson, Senior Vice President of HGP, emphasized the significance of this sale:

“This auction offers a truly unique selection of late-model SATCOM assets that are rarely seen outside primary markets. We are honored to manage this event in collaboration with Cloud Investment Partners. Our partnership has consistently delivered successful sales in the aerospace and aviation sectors, and we expect this auction to follow suit.”

David Weiss, Managing Partner at Cloud Investment Partners, highlighted the importance of these assets for aerospace and defense programs:

“The specialized OEM materials included in this sale are essential for advanced aerospace and defense initiatives. We’re confident these assets will deliver exceptional value to their new owners.”

This auction underscores the growing collaboration between HGP and Cloud Investment Partners, who have built a reputation for delivering high-profile sales events in the aerospace and defense industries.

Don’t miss the chance to acquire these highly sought-after assets. Visit the HGP website for more information and to register for the auction.

Key Auction Lots

The auction features over 700 lots of cutting-edge equipment, including:

  • 2020 AM General Model M1152 HMMWV: 8 units of advanced military Humvees.
  • Gichner Shelter Systems: 8 transportable communications command and control shelters.
  • L3 Harris Wide Band Data Link Ground Node System: 8 units.
  • Triton Power 26 KW Diesel Generators: 8 units.
  • L3 Satellite Communications Systems: 8 units.
  • L3 Communications KU Band SATCOM Antenna: 8 units with 17.5-inch diameter.
  • Test Equipment: Includes signal generators, spectrum analyzers, oscilloscopes, and more.
Online Auction of Aerospace Defense SATCOM Assets by Heritage Global Partners & Cloud Investment Partners

About Heritage Global Partners (HGP)

HGP, a subsidiary of Heritage Global Inc., operates under the Industrial Assets business unit, providing auction, liquidation, and asset advisory services. Recognized as a leader in various industrial sectors, including aerospace, automotive, biotechnology, electronics manufacturing, and more, HGP conducts approximately 150-200 global auction projects annually.

About Heritage Global Inc. (HG)

Heritage Global Inc. specializes in monetizing industrial and financial assets, offering acquisition, disposition, valuation, and lending services. Its focus on the circular economy aids in repurposing surplus industrial assets and ensures ethical supply chain operations. HG operates through two main business units: Industrial Assets and Financial Assets, facilitating turnkey manufacturing solutions, surplus machinery sales, and real estate transactions.

About Cloud Investment Partners (Cloud)

Cloud Investment Partners is a diversified global investment firm specializing in the commercial aviation and defense industries. With deep expertise in these fields, Cloud assists clients in overcoming challenges and seizing opportunities for investment and divestment.

Significance of the Auction

This auction represents a unique opportunity for industry players, contractors, and defense agencies to acquire highly specialized equipment at competitive prices. The assets being auctioned are crucial for advanced aerospace and defense applications, making this event particularly valuable for stakeholders in these industries.

By bringing together advanced technology, a broad spectrum of assets, and a commitment to innovation, the collaboration between HGP and Cloud Investment Partners continues to redefine asset management and sales in the aerospace and defense sectors.

Read more: Heritage Global: Online Auction of Aerospace Defense SATCOM Assets

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