Aaron Traffas: Hello and welcome to Purple Wave’s Auction Podcast. My name is Aaron Traffas. A large portion of the June 12 construction equipment auction comprises assets from Annett Construction of Milbank, S.D. I’m speaking this morning with Richard Annett about this event. Good morning, Mr. Annett, and thanks for joining me.
Richard Annett: Good morning.
AT: Tell me about Annett Construction. How did you get started and how long have you been in business?
RA: Well, I graduated from high school in ’62 and my dad was in the road construction dirt work at that time. He figured I’d been goofing off long enough and he put me on a bulldozer and from there I kind of did soil conservation and worked for farmers and townships within a 50 mile radius of Melbank.
Tell me more about some of the different types of projects that you handled.
We worked for soil conservation jobs; we did grass waterways and dugouts for them. We did some different things for game, fish and parks as far as built boat ramps and parking lots for them. We also had a contract with Otter Tail Power, a power plant out there, where we got rid of the fly ash and cinders for 20 years with Otter Tail Power. In the winter months or winter time, we did snow removal work for different businesses and the school lots in the city of Melbank.
Why are you now retiring from the construction business?
Well, I have been fighting some cancer myself and that’s why I’m just going to slow down and try to take it easy and recover from this cancer that I’m fighting a little bit.
Well, I’m sure this was a very big decision for you. Why was it that you chose Purple Wave to handle this event?
Well, they approached me and heard that I was thinking that I would possibly be retiring and selling out my equipment and stuff. They kind of contacted me and I met with Ross and we talked about this auction – online type of construction auction.
Tell me about some of the different types of equipment we’ll be selling for you on June 12.
Well, over the years we had TS14 Terex Euclid scrapers and Komatsu bulldozers. I’ve got a Komatsu bulldozer and I’ve got a Komatsu excavator – PC200. Like I said, when I did some township regrading of roads and stuff for the townships, we had Champion and Galion motor graders. I’ve got two Champion motor graders still for sale on the sale, so – besides other equipment that goes along with construction business and stuff – chains and other equipment that you always need at the shop.
Richard, tell me about the condition of this equipment Has it all been well maintained?
Well, yeah. Whenever we had any problems with any construction equipment we basically kept it fixed so that if and when we needed the equipment it was ready to go to work. I’ve had a good amount of crew that did a good job of maintaining it – and JD Evans overhauled transmission or other equipment when, and if, I needed it.
Richard, is there anything else you want to say about this auction?
Like I said, we tried to keep our equipment in running condition at all times so that if and when we needed a machine or something – winter time we overhauled and fixed on whatever needed to have some attention – we did that at that time.
I’ve been speaking with Richard Annett about the Annett Construction retirement auction. Thanks again, Richard, for visiting with me this morning.
Thank you for calling.
I’m going to go now to Ross Schochenmaier, Purple Wave’s territory manager who has been working with Richard on getting everything ready and listed for this auction. Good morning, Ross, and thanks for joining me.
Ross Schochenmaier: Thanks Aaron.
This equipment is listed in our June 12 construction equipment event, and as we record this, we are just under a month away. I see about 60 items listed at purplewave.com. Are there more items yet to be listed?
RS: Correct, Aaron. We have roughly another 50 lots that will be hitting the website within the next two to three days. My goal is to have everything finalized by this coming weekend, with all of the final lots up early next week. The sale should be 100 percent complete by the mid part of next week.
Great. What would you consider to be some of the marquee items in the auction?
If I was in the construction industry and I was shopping, the Eager Beaver lowboy is a very nice unit. The PC200 is a great unit for the age with the hours. The TS14s are very marketable, very good machines. They’ve got good life left in them. Also, if you’re looking for a good, good loader, the Hough and the Fiat are – we’ve been using them getting set up for the auction and they run nice. The equipment is in good shape. It has sat for a while, but we’ve been working hard with the mechanic to make sure everything’s operational.
I understand that everything is located at one location there near Milbank, S.D., is that right?
That is correct. It’s at Richard’s shop off of 12th Street in Milbank. The address is on the website. If you’re not familiar, just head south on 15 and you’ll see the scraper sitting on the highway and then you can just head east from there.
We always recommend that a buyer takes a look at everything before placing any bids. To that end, we have an open inspection scheduled for Saturday, June 7, from 9 a.m. to 3 p.m., during which time anybody can swing by and take a look at everything. If that day and time doesn’t work for somebody, what does he or she need to do to make an appointment to look at something?
They can get ahold of either Richard of myself. Both of our numbers are listed on the sale website. We can make our schedules work. Units can be started up and operated, but with Richard’s health issues if you can’t reach Richard, do not hesitate to reach out to myself. I will be more than happy to help you out.
Tell me about pickup arrangements. After the auction, once payment has been made to Purple Wave and the buyer has invoice in hand, what does he need to do to come and arrange pickup?
We’ll be ready to begin load out as soon as the sale is done and as soon as the items are paid for. We will have the necessary equipment there to facilitate load out. We put most of the lots on pallets so we’ll have a skid loader there that we can easily load up your truck or your trailer. Bring in your copy of your paid invoice. You can contact myself at that point and we will have a couple of other – of Richard’s former employees that will be working with us throughout load out, but I will be the key point of contact at that point.
How soon does everything need to be removed?
We have 14 days as the typical load out. We do have some flexibility on there. You will notice on a few items – he has Euclid 34LDT scrapers, which are big, old scrapers that actually were used to build the dam on the Missouri River in South Dakota, here. They’re non-operational. They’re very heavy units. We are going to allow for up to 180 days to have those units removed because they are – the story, I’ve been told, is that it takes three dozers to push them, so they’re a big unit.
Ross, is there anything else you want to mention about this event?
I appreciate all the support that we’ve seen already. Richard is very eager to get this sale moving and we’re going to get everything finalized within the next couple of days. The biggest thing is that if you have any questions about any of the items or if something doesn’t make sense, please don’t hesitate to let me know.
I’ve been speaking with Ross Schochenmaier, Purple Wave’s territory manager for southwestern Minnesota and eastern South Dakota. He’s been working with Richard Annett for the construction package in the June 12 construction equipment auction. Thanks again, Ross, for joining me this morning.
Bidding for the construction equipment auction that includes assets from Annett Construction is open now and will close on Thursday, June 12, beginning at 10 a.m. central. If you have questions about any of the assets listed, or you’d like to schedule an inspection before the auction, contact Richard Annett at 605.291.9872 or Ross Schochenmaier, Purple Wave’s territory manager who’s been working on this event, at 612.834.9836.
Like all Purple Wave auctions, there are no reserves or minimum bids. Items receiving bids in the last few minutes will be automatically extended to give everyone a fair chance to bid. There’s no advantage in waiting, so view the complete inventory listing – and place your bids now – at purplewave.com.