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Equipment Auction Set for August 30 as Stein Construction Closes Doors After 105 Years

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CHATTANOOGA, Tennessee (August 15, 2017) — Excavators, dozers, backhoes, trucks and other equipment will be selling at auction August 30 as Chattanooga’s Stein Construction prepares to close its doors after 105 years. Compass Auctions and Real Estate will conduct the auction.

“Stein has been an institution for four generations,” said Paige Holt, president of the auction company. “However, its closing presents a real opportunity for other firms to obtain scores of pieces by such manufacturers as Komatsu, Link-Belt, Caterpillar, Freightliner, Peterbilt, International and others.”

The announcement of the Stein auction comes on the heels of the successful completion of Compass’s recent auction of a state-owned Downtown Nashville property for $8.9 million.

“It took a great deal of equipment to run a big construction company like Stein, so this will be a major event. The inventory includes heavy-duty pickups, flatbed trucks, water trucks, dump trucks and all types of earth-moving equipment. There will also be many smaller items, such as lathes, grinders, drills and hand tools from DeWalt and other brands. I wouldn’t be surprised to see bidders from all over the region,” said Holt.

The live auction will begin at 10 a.m. Wednesday, August 30, at 3611 Amnicola Highway, Chattanooga.

Company President Doug Stein said he and his partners will focus on real estate projects, such as the Black Creek development, which has become the largest residential development in Hamilton County. “The opportunity at Black Creek was ultimately more compelling to me than continuing to operate Stein Construction Company in what has become a very different market,” said Stein.

Individuals seeking additional information may visit www.soldoncompass.com.

For more information: Paige Holt 423-702-6180

Compass Auctions and Real Estate, based in Chattanooga, is Tennessee’s only certified Women’s Business Enterprise woman-owned auction and real estate company. The firm has more than 50 years of combined experience in government surplus, heavy equipment, vehicles, land and charitable auctions. It also has locations in Nashville and Lebanon, Tennessee, as well as in western Kentucky.

Please click here or on the image below for the auction catalog and additional images, or register to bid.

Stein Construction Liquidation Auction August 30, 2017

Compass Auctions conducts Stein Construction liquidation auction

Stein Construction Closing After 105 Years; Holding Equipment Auction

From Chattanooga Times Free Press – August 15, 2017

Excavators, dozers, backhoes, trucks and other equipment will be selling at auction Aug. 30 as Chattanooga’s Stein Construction Co. prepares to close its doors after 105 years.

“Stein has been an institution for four generations,” said Paige Holt, president of Compass Auctions and Real Estate, which will conduct the auction. “However, its closing presents a real opportunity for other firms to obtain scores of pieces by such manufacturers as Komatsu, Link-Belt, Caterpillar, Freightliner, Peterbilt, International and others.”

Holt said it took a great deal of equipment to run a big construction company like Stein, so the auction will be “a major event.”

“The inventory includes heavy-duty pickups, flatbed trucks, water trucks, dump trucks and all types of earth-moving equipment. There will also be many smaller items, such lathes, grinders, drills and hand tools from DeWalt and other brands,” said Holt.

The live auction will begin at 10 a.m. Wednesday, Aug. 30, at 3611 Amnicola Highway in Chattanooga.

Stein said he and his partners will focus on real estate projects, such as the Black Creek development, which has become the largest residential development in Hamilton County.

“The opportunity at Black Creek was ultimately more compelling to me than continuing to operate Stein Construction Co. in what has become a very different market,” said Stein.

Individuals seeking additional information may visit www.soldoncompass.com.

For more information or to register to bid click here.

Stein Construction liquidation auction August 30 2017

COMPASS AUCTIONS TO CONDUCT TVA WATTS BAR SURPLUS AUCTION

Compass Auctions to Conduct TVA Watts Bar Surplus Auction

The Team at Compass Auctions & Real Estate is pleased to announce the TVA Watts Bar Surplus Auction scheduled for December 6th, 2014.

This will be the first of four scheduled auctions for the TVA Watts Bar Nuclear site. This liquidation will include tens of millions of dollars in surplus tools, heavy equipment, steel, office trailers and much more. Over 600 lots of new and used items will be sold to the public on December 6th both live and online through simulcast bidding.

A partial list of items to be sold include:

  • Caterpillar Equipment
  • Milwaukee Tools
  • Dewalt Tools
  • Proto Tools
  • Single wide, Double wide & Triple Wide Mobile Office Trailers
  • Structural & Steel Piping
  • Much, Much More!!!

Be sure to visit SoldOnCompass.com for additional details!  Bring your trucks and trailers and we will see you at the auction on December 6th, 2014!

 

 

 

 

 

 

 

Justin Ochs, M.S., CAI Principal Broker/Auctioneer Compass Auctions & Real Estate Nashville Division