Auction Information

GilDrill Technologies, LLC Sealed Bid Sale


Date/Time: Friday 4/8/2016
Location: 12227 FM 529, Suite I & J Houston, TX 
Auction Type: Sealed Bid Auction
Auction Categories: Industrial & Manufacturing

Auction Contact Information

Contact Name:  
Company:  Plant & Machinery, Inc.
Address:  P.O. Box 19100  Houston TX, 77224-9100
Phone:  713-691-4401
Fax:  713-672-7905

Auction Description

BY ORDER OF THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS, HOUSTON DIVISION, CHAPTER 7 CASE #16-30398, ON BEHALF OF EVA ENGELHART, TRUSTEE FOR THE BANKRUPTCY ESTATE OF GILDRILL TECHNOLOGIES, LLC.

SALE CONSISTS OF:

(1 LOT OF) INTELLECTUAL PROPERTY: TO INCLUDE ALL PRODUCT LINES OF GILDRILL INCLUDING DOWNHOLE DRILLING MOTORS, TRADE NAME, PROMOTIONAL MATERIALS; ELECTRONIC (AutoCAD) AND HARD COPY DRAWINGS & ENGINEERING FILES; CUSTOMER & PURCHASING RECORDS (Quickbooks), EMAIL ADDRESSES, TELEPHONE NUMBER(S), FAX NUMBER(S), WEBSITE(S).

(9 LOTS OF) TANGIBLE PERSONAL PROPERTY: TO INCLUDE MCCOY GLOBAL BREAKOUT MACHINE, SHOP SUPPORT EQUIPMENT, TOYOTA 10,000 LB. FORKLIFT, HUGE LOT OF DRILLING MOTOR RELATED INVENTORY TO INCLUDE FINISHED GOODS, WORK-IN-PROCESS AND INDIVIDUAL PARTS. SAVER SUB INVENTORY TO BE OFFERED SEPARATELY.

ABOVE ITEMS CAN BE BID UPON IN THE ENTIRETY, OR, ANY INDIVIDUAL LOT OR COMBINATION THEREOF.

CONTACT PLANT & MACHINERY, INC. AT 713-691- 4401 TO REQUEST THE REQUIRED SEALED BID FORM.


Inspection

Inspection will be Thursday, April 7 from 9:00 a.m. to 4:00 p.m. and the morning of the bid opening stating at 9:00 a.m. Other times by appointment only.

Directions

FROM GEORGE BUSH INTERCONTINENTAL AIRPORT: Exit airport area south towards Beltway 8. Turn right (west) onto Beltway 8 frontage road and enter the freeway. Beltway 8 will become the Sam Houston Toll Road. Proceed counterclockwise around the city until you see the exit for Hwy. 290/Austin. Proceed west on Hwy. 290 and take the next exit for Jones Road. Turn left (south) onto Jones Road and proceed to FM 529. Turn right (west) onto FM 529 and proceed to the traffic light at Fairview. Turn left (south) at the Fairview light and you will be entering into the Northwoods Industrial Park. Proceed to the Weatherford building ahead on your left. Immediately after the Weatherford property, turn left (east) onto the industrial park road between the buildings and ahead you will see the Gildrill facility in Suite I and J. Watch for signs.

Terms & Conditions

A buyer’s premium of 15% will be charged to the successful bidder(s) as indicated in the sealed bid form.

Complete terms and conditions will be supplied with OFFICIAL BID FORM WHICH BIDDERS MUST USE IN SUBMITTING THEIR BIDS.

In general, Plant & Machinery, Inc. (PMI) is acting as agent for the seller, and while information supplied has been obtained from sources deemed reliable, neither PMI or the seller shall be liable for any errors or for the correctness of the descriptions. The contents of this brochure, together with any similar information supplied to the potential buyers either verbally or in writing by the employees or agents of PMI or the sellers, are to be considered as a guide only and in every instance subject to confirmation by bidders based upon their own inspection of the property.

THE OFFICIAL BID FORM MUST BE USED in submitting bids, and bidders should notice that the bids are to be submitted to Plant & Machinery, Inc., 1304 Langham Creek Drive, Suite 454, Houston, TX, 77084, until 5:00 PM, April 7, 2016. After that, they may be hand carried by the bidder to the bid opening site and be in the hands of a PMI representative prior to the 11:00 AM bid opening time..

A bidder’s deposit at a level set by the seller will be required in the official bid form.

Each bid with a deposit will be considered an irrevocable offer and may not be withdrawn.

Seller reserves the right to accept or reject any or all bids and to wave informalities. Bidders whose bids have been approved will be required to pay the balance due in full within the time specified in the official bid packet after notification of acceptance of bid(s). Deposits on all rejected bids will be returned within (5) business days.

All items are being sold AS IS, WITH ALL FAULTS, WITH REMOVAL AT THE RISK AND EXPENSE OF THE BUYER.

Please contact PMI to arrange for inspections prior to the official inspection date announce. Although it is unlikely, sealed bid sales are subject to cancellation and postponement and individual items are subject to the withdrawal. In turn, please check with PMI prior to attendance or finalizing bids.