As an industrial auctioneer of 20+ years, I can answer this in one word – NO! I can answer the “why” of this in two words – FIDUCIARY RESPONSIBILITY. Or if you prefer, I can answer with three words, CONFLICT OF INTEREST. When an industrial auctioneer contracts with a manufacturer to sell surplus machine tools
- Published in Manufacturing Advice
Manufacturing & GDP Manufacturing is the largest sector of the economy, excluding real estate in most states, as a share of GDP. Nationwide, manufacturing generated $2.1 trillion in GDP in 2013, equal to 12.5 percent of total U.S. GDP (Bureau of Economic Analysis 2014). In 2013, manufacturing was responsible for more than 10 percent of
- Published in Manufacturing In The USA
The Rant – Why I love Manufacturing Business Brokerage This week I visited a manufacturing facility in PA. The family that owned the business had other profitable business interests and wanted to exit their 50+ year manufacturing concern on the approach to retirement. They called both our auction and brokerage divisions, not knowing the right
- Published in Fran's Rants and Raves
Do you have too many machine tools not being used? The Accelerated Group can help! We’ll turn your under-utilized machine tools into cash in 30 days or less. Do you want to know how we do it? Watch this video:
- Published in Auctioning
One of the questions I’m most often asked is what type of companies or people are making manufacturing business acquisitions. Lately the answer has been changing. While we still see our share of private equity and strategic purchasers, we’re also seeing a vast increase in executives seeking to exit corporate America for ownership in the
- Published in Buying A Manufacturing Business
Each month we take a look at what makes manufacturers successful. Our goal is to share traits that we’ve observed, over the course of 20+ years, of manufacturers that are thriving while others are not. There is quality that we’ve seen over and over in successful manufacturing company owners that we see lacking in less
- Published in Manufacturing Success
It’s one of the most painful things in the course of a manufacturing career – the decision to close the doors. As the president of an industrial auction company of more than two decades, this is the pain I witness each week. Experience teaches me that there are things that can make the situation even
- Published in Auctioning
The “Silver Tsunami” refers to retiring baby-boomers that will likely exit their businesses in the next decade. We hear the phrases constantly but what does it really mean? Better yet, what does it mean to YOU if you’re a manufacturer planning to exit in the next few years? Here’s what you need to know.
- Published in Selling Your Manufacturing Business
Are you in the market for a Elox Wire EDM? Get it at our Online Auction April 30th @ 1PM EST Bidding Open Now Assets in this auction are surplus to the needs of several major manufacturers.
Are you in the market for a Kitamura Vertical Machining Center? (4) Available! Get it at our Online Auction April 30th @ 1PM EST Bidding Open Now Assets in this auction are surplus to the needs of several major manufacturers.