Cranes from collapsed transport group McAleese could be shipped as far as Europe, the Middle East, and the Americas after trucks, trailers and lifting equipment (cranes) were put up for sale by GraysOnline.
The online auction group has been hired by McAleese administrators McGrathNicol to sell vehicles, cranes and office equipment from the company’s heavy haulage and lifting division after it went into administration in late August.
Andrew Cotton, who is managing the sale for GraysOnline, said demand for transport equipment was “reasonably strong” because it could be used in several industries, including construction and agriculture.
“We think there’s enough scope in the market to sell all of this equipment,” Mr Cotton said.
Sale may not be enough
More than 100 trucks and more than 250 trailers are being sold, as well as more than 50 cranes. McAleese’s equipment is scattered in cities around the country, including Mackay, Perth and Adelaide.
Before going into administration, McAleese had taken impairments on equipment in its heavy haulage and lifting division due to falling demand for its services from the resources sector, market over-capacity and a weak pipeline of new projects.
If McAleese does go into liquidation, sale proceeds from trucks and cranes could also be less than their book value and may not be enough to cover its debts.
Mr Cotton said the McAleese brand was well known in the transport industry and the equipment disposal was “one of the most anticipated sales in recent times”. The multimillion-dollar sale process, which will include direct sales and auctions, is expected to take around four months.
