Case Study: Zacky Farms

Situation

The lenders and company sold the assets in a 363 sale to Tiger.

Tiger’s Role

Tiger place a competitive market bid for the companies Machinery and Equipment at five plants and 19 Farm/Ranch locations in California.

A live online auction was held then held for more than 200 units of well-maintained rolling stock and farm equipment—as new as 2016—including truck and farm tractors, poultry haulers, feed trailers, water trucks, pickup trucks and more.  Tiger followed that sale with a separate, two-day auction for Zacky Farms’ poultry processing operations, including slaughter, whole bird packaging, boning, and hot dog processing facilities.

Resolution

Tiger sold one plant in bulk to a poultry processor and sold the remaining assets in a series of subsequent auctions.