Atlanta-based electrical wholesaler U.S. Electrical Supply is closing its doors after more than 30 years and selling its remaining inventory in a two-day auction set for September 28-29. Compass Auctions and Real Estate will conduct the auction, which features more than 1,100 lots over the two days.
"We expect this to attract a lot of electrical contractors, individual electricians, retailers, builders and others, who will see it as an opportunity to build up their inventory of electrical supplies they are constantly needing," said Paige Holt, president of the auction company.
"Because the business is closing, we'll be selling not only the electrical supplies, but forklifts, racking, scissor lifts and other assets used for managing the warehouse as well," she said.
More than 30,000 unique items will be sold, including circuit breakers, transformers, conduits, conduit fittings, bus plugs, panel switches, combination starters, termination kits, junction boxes, unilets, lights, switches, fuses and other items. Brand names include Appleton, Square D, General Electric, Siemens and many others.
"U.S. Electric has been the only surplus dealer in the Atlanta area selling construction grade electrical apparatus. So there may be some items in this auction that will be more difficult to find before long," said Holt.
The live onsite with webcast auction will begin at 9 a.m. Eastern each of the two days -- Thursday, Sept. 28, and Friday, Sept. 29, at 915 Glenwood Avenue Southeast, Atlanta, 30316. The items are available for inspection from 8 a.m. to 4 p.m. Monday, September 25, through Wednesday, September 27, or by appointment.
Online prebidding is under way at soldoncompass.com.
Compass Auctions and Real Estate, based in Chattanooga, is Tennessee's only certified Women's Business Enterprise woman-owned auction and real estate company. The firm has more than 50 years of combined experience in government surplus, heavy equipment, vehicles, land and charitable auctions. It also has locations in Nashville and Lebanon, Tennessee, as well as in western Kentucky.