Mr. Cal Shusta of Gordon Brothers reports

CONSTRUCTION AND SUPPORT EQUIPMENT FORMERLY OWNED BY PHOENIX OF TENNESSEE TO BE SOLD AT AUCTION

Gordon Brothers has received bankruptcy court approval to sell certain assets owned by Phoenix of Tennessee Inc. as part of an alliance with Ritchie Bros. Auctioneers Inc. Phoenix of Tennessee is a full-service telecommunications construction company that filed bankruptcy in the Middle District of Tennessee in September following a decline in its business. Gordon Brothers and Ritchie Bros. will sell the assets on an agency basis at auction. The assets include pickup trucks, service vehicles and trailers. The auction will take place in Nashville, Tenn., on Dec. 21, 2017. For inquiries or to view the available equipment, please visit Ritchie Bros. Auctioneers' website or contact 1-615-453-4549.

About Ritchie Bros. Auctioneers Inc.

Established in 1958, Ritchie Bros. is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.