Tiger Capital Group is rebranding its remarketing services division to better reflect its global role as a broad-based disposition company with particular expertise in monetizing commercial and industrial assets.
Formerly known as Tiger Remarketing Services, the newly rebranded Tiger Commercial & Industrial division continues to see surging interest in its sophisticated, multi-pronged approach to monetizing assets, said Jeff Tanenbaum, President of Tiger Commercial & Industrial.
“Our team of veteran disposition experts takes a holistic approach to leveraging a company’s assets. Approaches include a wide range of sales methodologies, including live webcast auctions, sealed-bid offerings and direct negotiations, as well as creative capital structures that can provide companies with short-term funding to bridge times of transition and distress,” Tanenbaum said. “This versatility has enabled Tiger Commercial & Industrial to monetize over one billion dollars worth of machinery, equipment, inventories and real and intellectual properties over the past few years alone.”
This move also supports Tiger Capital Group’s corporate vision of servicing the industrial sector with intelligence, capital and dispositions. Early this year, Tiger Valuation Services hired veteran M&E appraisal professional Bryan Seeley to serve as its Director of M&E Appraisals. “We are steadfast in our mission to be the gold standard in our industry,” stated Tiger Capital Group COO Michael McGrail. “To be an industry leader in a multi-faceted organization requires collaboration and shared vision across all platforms.”
Tiger Capital Group, which provides asset valuation, advisory and disposition services to a broad range of clients, formalized its existing commercial and industrial disposition services by establishing the Remarketing Services division under Tanenbaum in 2010. To date, the team has conducted hundreds of dispositions involving commercial and heavy industrial concerns of all types and sizes, working on behalf of asset-based lenders, bankruptcy trustees, Fortune 500 companies, estates and other strategic partners, either on a fee basis or by purchasing assets outright.
Noteworthy dispositions from the past year include the company’s sale of six sites for American Forest Products, which included both state-of-the-art manufacturing and distribution facilities throughout the U.S. The process included a number of online auctions and sealed-bid offerings, resulting in two facilities sold turnkey. Turnkey sales, in which all assets are sold as one, in cooperation with a real estate sale or lease, are a particular strength of Tiger, Tanenbaum noted. In 2015 alone, the company facilitated five such turnkey transactions, including the AFP facilities, a biomass woodchip-to-fuel production plant for biofuel maker Kior, and two wholesale inventory distribution companies--Papa Automotive and Univita Healthcare.
“Over the course of 2015, our auctions reached buyers well beyond North America, including the United Kingdom, Finland, China and India,” said Tiger Capital Group Managing Member Daniel Kane. “We have been very pleased with the division’s growth and are looking forward to accomplishing even more in the commercial and industrial space in the years ahead.”