Electrical Power Distribution Equipment Event

All Items are Unused & Purchased New in 2018 for over $12M!

Date

DATE COMING SOON!

Start Time

10:30 AM EDT

Inspection

BY APPOINTMENT ONLY. Please email info@corpassets.com to arrange a date and time.

Removal

BY APPOINTMENT ONLY. Please email info@corpassets.com to arrange a date and time.

Location

3 Locations in Montreal, QC, Canada

Industry

Electrical

Corporate Assets Inc. is pleased to announce this exceptional opportunity to purchase BRAND NEW & NEVER USED Electrical Power Distribution Equipment by public auction, in a date soon to be announced in April 2020. All assets were purchased at a cost of over $12M CDN in 2018 and have been stored in 3 climate-controlled warehouses near Montreal, Quebec awaiting installation. This is an unprecedented offering of late model equipment that can be purchased by Live Webcast Public Auction.

A brief summary of assets are as follows: (45+) REX (2018) GREEN LINE, 1250 KVA three phase dry type transformers; (20+) SCHNEIDER ELECTRIC (2018) SQUARE D, 2000 AMP Switchgear units; (200+) ABB (2018) VFD drive units ranging from 15-30HP in capacity; MASSIVE OFFERING OF enclosed disconnect boxes, panel boards, (1000+) EATON PDU’s, copper & aluminum spools of assorted TECK cable, assorted spools of grounding cable, electric disconnect mounting and connecting hardware, straight and curved sections of cable trays, assorted dry type transformers, network switches, HVAC systems & MUCH MORE!

*PLEASE NOTE: IMPORTANT INFORMATION FOR INSPECTION & REMOVAL

THE ASSETS ARE LOCATED AT 3 ADDRESSES:

Lots 1 to 323
111 Newman Blvd, Lasalle (Montreal), QC, H8R 3E6

Lots 324 to 364 & 539 to 550
963 Chemin Bethany, Lachute, QC, J8H 2C5

Lots 365 to 538
5500 Rue Yvon Trudeau, Becancour, QC, G9H 2V6

LIVE WEBCAST ONLY

Terms & Conditions

Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.

DOWNLOAD CORPORATE ASSETS INC. FULL TERMS & CONDITIONS

MODALITÉS ET CONDITIONS DE VENTE


Payment

-WEBCAST (REMOTE) BIDDERS

Pre-Approval by Corporate Assets Inc. will be required. To participate in the auction you must register and be approved. All Webcast (Remote) Bidders require a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see below for applicable Buyer's Premium) and must be by Direct Bank Wire Transfer. To ensure approval as a Bidder please make deposit arrangements as far in advance of the sale as possible. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.

-GENERAL

All buyers must complete the "Buyer Deposit Form" and provide Corporate Assets Inc. with a 25% deposit of their total intended purchase amount by way of wire transfer.* The deposit must be received by no later than 1 business day prior to the commencement of the sale.**

Payment in full must be made before or immediately after the conclusion of the auction.

* Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.

** In order to meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

For International (Non Canadian and Non U.S. Residents) Buyers, Webcast Remote Buyers & Online Buyers, all payments shall ONLY be by way of wire transfer.

For Canadian and U.S. On-site Buyers, all payments shall be by way of wire transfer, certified cheque, bank draft, Interac, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."

Payment by way of Visa or Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.00.

Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.

The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.

A Buyer's Premium of 18% for all Webcast (Remote) bidders will apply at this sale.

THIS SALE WILL BE CONDUCTED IN USD.

Download Full Payment Information
Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details
GBP Wire Transfer Details


Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: info@corpassets.com for more information.

All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of the auction sale, and must be signed and dated. They must be faxed or mailed to our office and received by no later than 3:00 P.M. EST on the day before the auction.


Download Proxy Bid Form