Heath Industrial liquidates manufacturing plants and industrial facilities through on-site, online and webcast auctions. We handle the full closing sale: a free walkthrough, appraisal if you need one, cataloging and photography, national marketing to buyers, the auction itself, buyer payments, scheduled equipment removal, and an itemized settlement of your proceeds.
Based in Hoffman Estates, Illinois, we have been selling industrial equipment since 1985. We work nationwide, with a focus on Illinois, Indiana, Wisconsin, Missouri, Michigan and Ohio, for owners, corporate asset managers, banks and lenders, bankruptcy trustees and estates.
Every closing is different. These are the situations we see most often.
No successor or buyer for the business. We convert the equipment to cash so the owner can close the company on their own terms.
Production is moving to another plant. We sell the equipment that isn't making the move and clear the building on your schedule.
The building has to be empty by a fixed date. We plan the sale and removal dates backward from that deadline.
Banks and lenders liquidating collateral get documented, transparent sales with the reporting their files require. Lender sales →
Chapter 7 and Chapter 11 sales and assignment sales, conducted with the documentation trustees, assignees and courts require. Court sales →
Closing a department, line or second shift? We sell only the surplus equipment while the rest of the plant keeps running.
One team manages the whole closing, from the first walkthrough to the final settlement.
We tour the plant, review the equipment and your deadline, and give you an honest picture of what a sale can achieve. No charge and no obligation.
Need numbers before you decide? Our appraisers prepare USPAP-compliant FLV, OLV and FMV appraisals for owners, lenders and attorneys.
We agree on the sale format, auction date and removal window, working backward from your lease, sale or shutdown date.
Every lot is photographed and described where it sits. We then market the sale to our bidder database, industry contacts and buyers nationwide.
On-site, online-only or webcast. We handle registration, bidding, clerking and buyer questions.
We collect buyer payments and schedule removal. You receive an itemized settlement report and your net proceeds, typically within 30 business days of the auction.
We sell a complete plant in one sale, from production machinery down to the toolroom and office contents.
Four decades of plant sales means accurate expectations, realistic schedules and fewer surprises on sale day.
The same team that values your equipment sells it, so the appraisal and the sale plan line up. About our appraisals →
On-site, online, webcast, absolute, sealed bid or private treaty. We recommend what fits your equipment and deadline. All auction services →
Members of the National Auctioneers Association, Illinois Auctioneers Association and Machinery Dealers National Association.
Heath Industrial conducted a downsizing auction for a well-known Midwest manufacturer of marking equipment: more than 1,500 lots from a 45,000 sq. ft. facility, with sale results exceeding pre-sale estimates.
Call early, even before the closing date is set. A free walkthrough gives you a realistic picture of what the equipment will bring and how long the sale and removal will take.