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Online Auction

Transformer Manufacturing Plant Closure: Wire, Winders, Plant Support

Auction Details

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

Online Auction

Auction Date and Time

Thursday, August 25, 2022, lots begin closing at 10am CT

Locations of Assets and Inspection

2475 Millennium Drive, Elgin, IL 60124


Auction Preview / Inspection

Wednesday, August 24, 9am–3pm CT, or by prior appointment only.


Inspection and Removal Appointments

Auction Contact

David Fiegel, Managing Director of Auction Services


No Warranties

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).

Sales tax
We will automatically apply appropriate state and county sales tax to your purchase unless you supply proper exemption documentation.

Buyer's premium 

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.

Removal Notices

  • 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:

Photo Gallery

Featured Assets

  • Jovil toroid winders

  • Hammond, MET and LaCesa paper winders

  • Bachi bobbin winders

  • Large selection of transformer wire

  • Electronic test, measurement, and lab equipment

  • Testing meters

  • Ace gas-fired batch oven

  • Plant support

    • Sullivan Palatek 20DV air compressor

    • Bulldog floor scrubber

    • Work benches

    • Tables, cabinets, ladders

    • Office equipment

More Details

Bidder Information / Terms & Conditions

For more information, view the auction Terms & Conditions on BidSpotter.​

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