Transformer Manufacturing Plant Closure: Wire, Winders, Plant Support
Type of Assets
Surplus to the ongoing operations of Spire Power Solutions (closing the V&F Transformer plant in Elgin, Illinois only): Wire winders; large selection of transformer wire; test, measurement and lab equipment; batch oven; plant support; office equipment, and more. See more details below.
Type of Auction
Auction Date and Time
Thursday, August 25, 2022, lots begin closing at 10am CT
Locations of Assets and Inspection
Auction Preview / Inspection
Wednesday, August 24, 9am–3pm CT, or by prior appointment only.
Inspection and Removal Appointments
David Fiegel, Managing Director of Auction Services
Everything in this auction sale is sold “AS IS, WHERE IS and WITHOUT RECOURSE.” There are no warranties, guarantees or representations of any kind or variety, whether expressed, implied or otherwise given.
All purchases must be paid in full on the day of the auction, and are subject to an 18% buyer's premium. To make make payment arrangements by wire transfer or ACH, please contact our auction office. To arrange cash payment on-site, please contact the Site Manager. Please be advised that although required to present a credit card to register with BidSpotter, HyperAMS will not charge your card following the auction. Credit card payments are limited to $5,000 and will incur an additional 3% convenience fee (21% with buyer's premium).
We will automatically apply appropriate state and county sales tax to your purchase unless you supply proper exemption documentation.
An industry-standard 18% (online) buyer's premium (BP) will apply to your purchase. (Example: a $100 purchase will total $118 with the BP.)
Arrangements for removal of purchased items will be the sole responsibility of the Buyer. Removal will be by appointment only August 26–September 10, and all equipment must be removed by September 10. All equipment requires the buyer to engage an insured rigger to remove the equipment from the property, and all equipment must be removed no later than September 10.
No forklift is available for removal.
All lots are to be removed by the buyer and/or their rigger. Auction company will not provide removal assistance or rigging.
This auction is being conducted in partnership with:
Jovil toroid winders
Hammond, MET and LaCesa paper winders
Bachi bobbin winders
Large selection of transformer wire
Electronic test, measurement, and lab equipment
Ace gas-fired batch oven
Sullivan Palatek 20DV air compressor
Bulldog floor scrubber
Tables, cabinets, ladders
Bidder Information / Terms & Conditions
For more information, view the auction Terms & Conditions on BidSpotter.