Aaron Traffas: Hello and welcome to Purple Wave’s Auction Podcast. My name is Aaron Traffas. We’re conducting a dispersal auction of construction equipment for Vista Design and Construction in Milwaukee, Wis., that will close on August 21. I’m speaking today with Yan Nenaydykh about this event. Good afternoon, Mr. Nenaydykh, and thanks for joining me.
Yan Nenaydykh: Good afternoon, Aaron. Thanks for having me.
AT: Vista has been around since 2003. Tell me why it was created and what kind of services it has offered.
YN: Well, we actually had a previously established and developed civil engineering consulting firm. By 2003 we decided to combine our engineering services with construction and pursue what’s called design-build projects. By that time, we also started a federal group and entered a nine-year federal program. We found out federal projects are led by construction and that was the main idea for starting a construction branch of our company.
What geographies did you serve and what kinds of projects have you completed with Vista in the past?
Well, our headquarters is in Wisconsin, so obviously a majority of our projects were in Wisconsin with maybe 60% or more in the southeast of Wisconsin. We also competed some projects in Illinois and Minnesota. A majority of our projects were infrastructure-type and specialty structures like bridges, retaining walls, culverts, concrete dams – we did both new construction and rehabilitation of existing structures. We also completed some buildings and facility rehabilitations.
I understand this is a dispersal auction of the construction equipment and that you’ll continue to offer the design and engineering services. Why did you decide to discontinue the construction component?
Your statement is correct. We will continue to offer our consulting and engineering services which we started with, and that branch will be continuing operations. We’ll be focusing on that. There are several reasons why we decided to discontinue construction services. Our federal program has ended and while we utilized it to some extent on the design-build projects, right now we have a limited used for it and we closed our federal group. Unfortunately, Wisconsin and Illinois still have state statutes restricting the use of design-build projects, and that also limited the regional idea of starting construction services and combining it with engineering. We also found out that there are some disadvantages of working for the same clients on both engineering and construction sites. And, finally, our international division has picked up tremendously and we decided to focus on consulting and engineering services here in the United States as well as internationally.
Why did you elect to use Purple Wave to sell your equipment?
Well as you understand and people probably know, we are very busy with everyday business and don’t have the time, means and resources to deal with equipment and asset sales. We decided to go with Purple Wave which has the ability to reach nationwide and international markets. It also has means for advertising and reaching all potential buyers and also allows us to utilize our equipment and assets all the way until the Internet sale has occurred on August 21.
Right now as we record this I see around 80 lots listed at purplewave.com for this auction. Tell me about the different types of equipment and materials that we’ll be selling.
All our equipment and assets, of course, are related to the type of construction we’ve been completing. Some of the main pieces of equipment include the two cranes with the high capacity for bridge construction required – one Lorain 100-ton crane and one Lima 80-ton crane. Both are excellent universal do-it-all for bridge equipment. Both cranes have three lines which are very useful for doing any type of piling jobs. Also, we’ve completed sheet piling installation of all brackets and steel structures including two crane peaks for big bracket beams, 50- to 80-ton. So excellent machines, as well, we have two smaller cranes, two backhoes, both excavators – a Volvo 330 and mini-excavator – have breakers which make them also universal machines for all types of demolition and construction services. Another very useful and practically must-have for all civil types of construction – we have a practically new 6-inch Goodwin pump which allows you to get ahead of any type of construction related to the water, of course. There are other smaller equipment – generators, welders – as well as inventory including beams and forms and supporting brackets; all are required for bridge construction.
Tell me about the condition of the machinery itself. Has it been fairly well maintained?
Condition, of course, varies from one piece of equipment to another, but mostly we’ve maintained very good maintenance and repairs. All cranes had their annual inspections and of course all required repairs as well as maintenance to keep them all operating. All our jobs – government types of jobs for federal, state and municipality level – they all require certification of equipment and cranes being in good condition before they allow it on the construction site.
This equipment is all located in New Berlin. For someone who may not be familiar with Milwaukee, talk about the location. Where is it and is it easy to find and access?
That city is located just 15 miles west from downtown Milwaukee and easily accessed by Interstate Highway I-94. It’s actually about five minutes from the exit 301A on Highway I-94. Going on Moorland Road south about 2.5 miles and then 1.5 miles west on Lincoln Ave, so five minutes from the interstate highway.
We have a couple of open inspections scheduled, one on Wednesday, August 7, from 8 a.m. to 4 p.m. and one on Saturday, August 17, also from 8 a.m. to 4 p.m, during which time anyone can come in and take a look at any of the equipment or vehicles or materials. In the event that those dates don’t work for someone, what does he need to do to make an appointment to schedule an inspection outside of those times?
We understand that people are busy and we arranged it so it’s possible to look at equipment practically most of the time between now and August 21 which is the remaining four weeks. Just contact our contact person Scott and arrange a time which is good for you and we’ll be able to accommodate showing any piece of equipment.
After the auction, once payment has been made to Purple Wave and a buyer has invoice in hand, what does he or she need to do to come in and pick up the assets? Will there be load out assistance and how soon does everything need to be removed?
Yeah, we expect the buyer, of course, to arrange his own transportation means. We’ll be available to assist with loading equipment or inventory assets on the trucks and we definitely prefer most of the equipment to be removed from our yard by Friday, August 30, so we can have a good Labor Day after that.
Yan, is there anything else you want to say about the auction?
We have very available equipment and assets which we are currently utilizing still in our construction, so we would encourage everyone who is in this type of business to look at the assets and we’ll be happy to answer any questions if potential buyers have and bidders have and encourage people to contact us. We’ll be happy to assist with any type of information.
I’ve been speaking with Yan Nenaydykh with Vista Design and Construction about the dispersal auction of construction equipment that ends on August 21. Thanks again, Yan, for visiting with me today.
Thanks for having me and good luck with your bids.
Bidding for the Vista Design and Construction auction is open now and will close on Wednesday, August 21, beginning at 10 a.m. central. Open inspections will be held on Wednesday, August 7, and Saturday, August 17, from 8 a.m. to 4 p.m. To schedule an inspection outside of those times, contact Scott Christman at email@example.com or 414.788.8199, or speak to Purple Wave’s John Hengel who has been working on this event.
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 to waiting, so view the complete inventory listing – and place your bids now – at purplewave.com.