As part of a strategic restructuring, Artera, a leading U.S. provider of integrated essential and critical infrastructure services, made the decision to cease operations of their utility service company, Volt Power LLC. Volt Power operated throughout the southern U.S., providing repair and installation of electrical utility infrastructure. AlixPartners, a global consulting firm supporting Artera through their restructuring process, approached Ritchie Bros. on Artera’s behalf as a potential disposition partner. AlixPartners had had great success partnering with Ritchie Bros. in a previous disposition for another company, and knew Ritchie Bros. had the proven ability to plan and manage the sale, and the transaction solutions and reach to maximize returns. 3,000+ assets scattered across multiple states While many large dispositions are centralized events, the 3,000+ Volt Power assets were located across multiple states. As a result, there were numerous logistical and administrative challenges associated with a dispersal where the both the number of assets and geographic area was a considerable sizes. In addition, numerous assets were being leased or financed at the time, which meant they couldn’t be sold until those contracts were fulfilled or bought out. And the 3,000+ assets, although spread across a large area of the U.S. and many … Continue reading How Ritchie Bros. maximized efficiency and returns supporting a major restructuring