Glenn McAllister (C) of McAllister Construction Co., is flanked by Tim Dewey (L), site manager, and Mike Hunyady, president, both of Hunyady Public sale Company.
(CEG photo)
Everything has a beginning and an end.
That also holds true for construction companies that have long been a staple in their regions and are well respected for the service and production they provided.
Take, for example, McAllister Building Co. in Washington Crossing, Pa. Founded in 1946 by Clarence “Bud” McAllister in nearby Morrisville, the company started out building homes, before evolving into one that performed earthmoving plus site work.
McAllister Construction’s next 70-plus years were ones associated with steady growth, resulting in a tremendously successful company recognized across the tri-state region of Pennsylvania, New Jersey and Delaware for offering competitive pricing, on-time production and top-quality results.
However , with the particular recent passing of Ed McAllister, 1 of the family company’s two siblings that have run McAllister Structure for the past 16 years, Ed’s brother, Glenn McAllister, offers reluctantly decided to place his carrier’s assets up for auction. The move will allow him and his wife to enjoy time with their grandson, do some traveling and spend time at their own vacation home near Hilton Head Island, S. C.
To aid him in selling the particular company, McAllister has turned to Mike Hunyady, the chief executive of Hunyady Auction Co. , in Hatfield, Pa. The liquidation sale, to be done virtually, is set to start at 9 a. m., Wednesday, Sept. 28.
As one might expect, McAllister’s decision is bittersweet for him, although he weighed his options carefully before realizing that will the auction is the right thing to do.
“With [Ed’s] passing, my eyes had been opened to what the future could bring, ” he said. “We did not have a younger generation that we could hand the business to, so that didn’t leave me with a lot of options with regard to my leaving and keeping open McAllister Construction. I saw what happened to Male impotence and We want to get on with enjoying my life. ”
He added that his decision to use Hunyady Auction enabled him to give his crew two months to find other jobs, which, he said, they each were able to perform.
A Family Business That Found Its Niche
Looking back in the organization history, Glenn noted that in its earliest days, McAllister Design did the variety associated with jobs, including running trucks to haul everything from steel products in order to S& H Green Stamps to silver coins regarding a New Jersey armored truck service.
But Bud McAllister furthermore began buying construction machinery, such as a loader, dozer, backhoe and small dump truck to allow their company to work within the more lucrative realm of large-scale site work.
Glenn, too, worked with his father in the company plus became adept at running various grading and earthmoving equipment, while Ed attended college to learn business principles.
“He was more the particular brains, and he knew all the better ways of keeping a business growing, which usually allowed us to form a construction company that will could do major web site work, inch said Glenn. “We progressed to the point where we bought even more equipment through the years and did site function by the hour. Part of our growth came through getting better people and operators, and by having so many great individuals working intended for us, we started getting bigger jobs. ”
With Bud’s passing in 2009, the particular construction company was inherited by the McAllister’s second generation, with Glenn serving as leader of the family business.
McAllister’s Service Menu Expanded
Over the decades, McAllister Construction moved in order to Washington’s Traversing, Pa., exactly where it distinguished itself as one associated with the region’s foremost complete site contractors, ready to handle a range of services — from large site building and earthwork for housing subdivisions plus golf courses, to septic system installation and emergency services. The particular firm’s excellent reputation also extended in order to other parts of the state as well as throughout Nj-new jersey and Delaware.
“The big turnover was when we started getting into golf course work back in the late 1980s, inches said Glenn.
By aligning itself along with various golf course designers, McAllister Building performed grading work from several programs in the region, which includes Jericho National in close by New Hope, Pa., plus at clubs on the particular Jersey shore, like Sea Oaks within Tuckerton. In addition, their crews built Greenbriar Oceanaire, a prestigious country club course and subdivision in Waretown, N. J., which involved doing all of the homesite work.
“At the same point we were performing some commercial sites, with buildings up to almost about one million sq. ft., including a single we just finished within Burlington, And. J., ” he additional.
‘The Right Guy’
Although the auction is not until past due September, McAllister said, his construction business planned to ceased operations on or about Sept. 1 .
After that, the remaining work to get Glenn plus his people will be getting everything ready for the sale, which usually he stated he is excited about.
“That’s because I believe I picked the right guy inside Mike Hunyady, ” McAllister said. “I love how he has represented this and how they have sold me personally on this. In my opinion your pet to be a very reputable auctioneer, based on the checking I did plus hearing what a few friends associated with mine mentioned who themselves used their services. So far, dealing along with his firm has been easy and it is making myself feel more comfortable about exactly what I am carrying out. ”
Hunyady, in turn, noted that McAllister Construction had been the buyer with his auction firm in the past, while adding, “we are so proud to have them call our company” to help in liquidating the business.
“They are sold upon the absolute auction method because it is the best and truest form of auctions that is produced in our country, ” this individual said. “We have a wonderful relationship with Glenn McAllister, the straightforward, hard-working, family-oriented excavating contractor. inch
Hunyady described his corporation as one particular with a specialty in total liquidation, usually single seller conducted on the contractor’s main facility, although McAllister’s auction will be carried out online.
“And we are pleased that they saw the value [that Hunyady has] built over many years and they would use us during this particular time, whenever going out of business is because important as going into company, ” he or she said.
Virtual Auctions Can Offer a Seller More Bids
A week prior in order to Hunyady’s auction of McAllister’s assets, interested contractors can begin inspecting the lots, and pre-bidding will end up being available the particular same week on the auction house’s Proxibid platform, accessed via a portal icon on the Hunyady website.
“Pre-bids can be placed at any time after it will be launched on the system, ” he said. “At 9 the. m. upon auction day, you will hear our own auctioneers broadcasting from our office in Hatfield [Pa.] plus start to sell everything live. The pre-bids may buy, but the experience is that most equipment sells above the pre-bids during the particular live broadcast. ”
According to Hunyady, a browser search associated with Proxibid furthermore can provide bidders to the site, where a prompt will certainly direct them to the McAllister Construction public sale. From there, they will be directed to where they can register for the auction and taken to the complete McAllister catalogue with all conditions set up by the auction company, along with multiple photos of every item on with bid.
A virtual public sale, Hunyady said, is perfect for the particular bidder who wants to eliminate both the time involved in inspection, and the cost of traveling to see one or more plenty, along with giving a contractor an effortless way to bid over his or her digital device.
“We find that along with virtual auctions, many purchasers buy items that have not been inspected [by them personally], and that is accomplished through proper condition plus description reports and major overhaul information, ” this individual said. “To a virtual auction participant, they are a huge plus. There is usually always a bit of a risk taken when purchasing used gear, but that risk can be mitigated by means of faith within the construction company that maintained the equipment and faith in the market company that has offered descriptions and problems as the guideline pertaining to purchase. inches
Many companies will continue to come on site in order to inspect a company’s assets, something he or she said their auction house encourages.
Hunyady’s Sept. twenty-eight asset liquidation for McAllister also is definitely an absolute auction where every thing sells to the highest bidder — regardless associated with price plus without any kind of minimums or even reserves.
Highlighting the McAllister Construction public sale will be the industry’s grading and earthmoving products, including pieces made by Caterpillar, Komatsu and Volvo, and also smaller machines, Hunyady said.
Among them are a Cat 349 hydraulic excavator, a late-model Bobcat track skid loader, Volvo excavators and Komatsu-manufactured rubber-tire loaders and crawler tractors.
In addition to McAllister’s structure fleet, the Peterbilt pickup truck tractors plus tri-axle dump trucks, Mack tri-axle dump trucks and several pickup and service vehicles (including a beautiful Peterbilt) also are slated to be in the sale.
Hunyady describes this auction as offering “a well specified plus well-maintained fleet of tools that were produced by big Tier 1 manufacturers with great reputations. ”
McAllister Believes He Did His Father Proud
With McAllister Construction ending, Glenn McAllister could be forgiven for having mixed emotions at this stage in his life.
“It can be hard being in this position after doing this function all the life and then realizing it may be done and gone, ” he said. “First and foremost, I am going in order to miss our men, simply the camaraderie of working with great guys every day time. ”
But he or she is proud that he plus Ed kept towards the philosophy of operating a successful business, since taught to them by their particular father: The commitment to integrity, showing respect to their clients, and making sure each job is performed correctly.
“That has been always instilled in us all and [helped] us grow to become the company we have been all these years, ” he stated.