Excavators, dozers, backhoes, trucks and other equipment will be selling at auction Aug. 30 as Chattanooga's Stein Construction Co. prepares to close its doors after 105 years.
"Stein has been an institution for four generations," said Paige Holt, president of Compass Auctions and Real Estate, which will conduct the auction. "However, its closing presents a real opportunity for other firms to obtain scores of pieces by such manufacturers as Komatsu, Link-Belt, Caterpillar, Freightliner, Peterbilt, International and others."
Holt said it took a great deal of equipment to run a big construction company like Stein, so the auction will be "a major event."
"The inventory includes heavy-duty pickups, flatbed trucks, water trucks, dump trucks and all types of earth-moving equipment. There will also be many smaller items, such lathes, grinders, drills and hand tools from DeWalt and other brands," said Holt.
The live auction will begin at 10 a.m. Wednesday, Aug. 30, at 3611 Amnicola Highway in Chattanooga.
Owner Doug Stein said he and his partners will focus on real estate projects, such as the Black Creek development, which has become the largest residential development in Hamilton County.
"The opportunity at Black Creek was ultimately more compelling to me than continuing to operate Stein Construction Co. in what has become a very different market," Stein said.
Individuals seeking additional information may visit www.soldoncompass.com.