Used Industrial Equipment Auctions

Federal Equipment has over 65 years of experience and expertise buying and selling used, idle, or surplus industrial equipment. With our industry, market knowledge, and trustworthy reputation, you can be sure you’re getting the best return for your surplus assets when you leverage our industrial equipment auction capabilities. As a used equipment buyer, you will pay significantly less than the cost of new equipment.

If you’re looking to sell industrial equipment, look no further than Federal Equipment Company. Working with us to hold a used industrial equipment auction provides sellers with several benefits such as:

• Exposing assets to many pre-qualified prospects
• Creating competition among buyers
• We specialize in knowing what used manufacturing equipment is worth to end-users, bringing the best return for your capital assets
• Well-organized auctions attract industry buyers

Federal Equipment Company auctions provide several benefits to those looking to purchase used industrial equipment, such as:

• Equipment prices are much lower than the price of new equipment
• Contribution to sustainable manufacturing
• Used equipment can be delivered in a matter of days, rather than waiting many months for new equipment
• Buying equipment from the same facility increases the likelihood of buying highly compatible equipment and production lines

Auctions take place very quickly, over a short period. They typically involve the equipment at a specific manufacturing facility, and the seller usually participates in the sale. Liquidation is the process of selling the assets of a business over a more extended period to attain higher values. In contrast to auctions, liquidations involve Federal Equipment Company purchasing the equipment, removing it, and bringing it back to our warehouses.

There are several important points to keep in mind before registering for an auction, particularly as most of Federal Equipment Company’s auctions are online:

• Review the terms & conditions of sale
• Pay attention so you are not outbid
• Evaluate the condition of the item you're interested in before bidding – schedule an inspection of the equipment before bidding begins
• Before bidding begins, decide the price you’re willing to pay for an item

An absolute auction is one where the property is sold to the highest bidder with no minimum or reserve price that must be met to complete the sale. In a reserve auction, a price has been set between the seller and the auctioneer that must be met to complete the sale. This type of auction is typically used to provide the seller with security that they will receive a certain price to meet their sale goal.

Our major industry segments include pharmaceutical, food & beverage, plastics, chemical, packaging, and extraction & growing. However, we do not hesitate to learn more about any industries outside of our core competencies. In this case, we will either run the auction or refer the seller to a competent auction partner specializing in the sector.