Hilco Industrial to Manage Wright’s Well Control Services Asset Sale

Aug 16, 2017

Control Intervention Equipment for Surface, Subsea and Ultra Deepwater Solutions

 (NORTHBROOK, IL, August 11, 2017) -- Hilco Industrial, in a joint venture with Myron Bowling Auctioneers, Inc. and Cincinnati Industrial Auctioneers, announced today that they will begin the sale process of well control intervention equipment belonging to Wright’s Well Control Services.  Wright’s is considered to be the definitive source for surface, subsea and ultra-deep water solutions in the United States.  Hilco Industrial, along with the joint venture partners, is running a private treaty sale process that begins immediately.

 "Wright’s Well Control Services is a highly regarded company that provides customized solutions for the most challenging offshore environments.” said a representative of Hilco Industrial. “Wright’s Well Control Services has engineered and executed numerous, first-to-market services for clients, and we are fortunate to bring their brand of equipment and services to the market.”

 Services and related equipment include:

  • Cased Hole Logging System
  • Cement Blender
  • Chiksan Iron & Racks
  • Fluid Manifolds
  • Pressure Pumps
  • Continuous Work String Units
  • Dual Barrier Valves
  • Heave Compensated Wireline Systems
  • Hydraulic Power Tongs
  • Material Tanks
  • Mechanical Cutters
  • Modular Subsea Connector
  • Self-Contained Stabilization System
  • Subsea Gas Separator
  • Subsea Injection System
  • Subsea Flange Tool
  • Subsea Power Source
  • Wireline Units

 The assets can be viewed at the following location by appointment only:

6072 Candice Ln. Lake Charles, LA 70615 USA

 To arrange an inspection, access more detailed information about the assets being sold, or specific information about the private treaty sale process, visit https://www.hilcoind.com/en/sale/wrights or contact:

Jody Bacque – Senior Vice President – Asset Sales , jbacque@hilcoind.com+1 251.404.2367

John Magnuson – COO Hilco Industrial, jmagnuson@hilcoglobal.com +1 847.504.3204

About Hilco Industrial

Hilco Industrial (www.hilcoind.com) provides industrial asset acquisition and disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales.  It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies.  Hilco Industrial buys and sells assets through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales.  In addition to providing services on a fee or commission basis, Hilco Industrial puts capital at risk and often acquires assets or provides guarantees.  Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com) , the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.

 About Myron Bowling Auctioneers 

Myron Bowling Auctioneers (http://www.myronbowling.com/) started in 1975. The company was incorporated in 1985, and is now considered to be one of the nation’s largest and most successful industrial auctioneering firms. We conduct approximately 80 auctions per year throughout the United States, Canada and Mexico, serving privately and publicly-held companies, the United States Bankruptcy Court and other lending institutions and turnaround management companies.  A founding member and former director of the Industrial Auctioneers Association, Myron is also a member of the National Auctioneers Association, Machinery Dealers National Association, and the Certified Auctioneers Institute. We are considered one of the most respected industrial auction companies in the nation.

About Cincinnati Industrial Auctioneers: CIA 

(http://www.cia-auction.com) is a nationwide provider of asset disposition, auction and appraisal services. Our expert services are rendered to a variety of organizations including: business, industry, lending institutions, turnaround management, leasing companies, federal and local courts, and governmental agencies. A fifty year history with thousands of satisfied clients and customers, has afforded our company a reputation that is second to none in the industrial auction business.

 About Wright's Well Control Services

Wright's Well Control Services provides cost effective and innovative oil and gas well solutions that put safety, health and the environment first. Wright's engineers and executes numerous first-to-market services and has become a definitive source for customized solutions for the most challenging offshore environments in the Gulf of Mexico (GOM) and beyond. It is Wright's' core values - Safety, Integrity, Collaboration, Innovation and Quality that drive the Wright's team to be leaders in innovative sustainable solutions. Wright's was founded in 2006 by David Wright and has over 25 years of offshore and onshore engineering experience including work at Halliburton, The Red Adair Company, and ATP Wright's is a privately held company with corporate offices in Houston, Texas and an operations facility in Lake Charles, Louisiana.