North East Printing Machinery, Inc.
Asset Management Division:
We formed our asset management division to be a versatile service organization that acts as an extension of the asset management division of leading financial institutions. We treat each client differently and tailor a strategy to fit their unique needs. Whether your equipment leasing/sales division requires repossession, remarketing, appraisal, warehousing or inventory management services, we can provide you experienced help in these areas. We typically work on fee, commission or retainer basis; keeping your recovery costs to a minimum.
As a division of North East Printing Machinery, we can leverage the 30 years experience in buying, selling and handling of machinery and equipment to its best and most efficient use.
We would love the opportunity to show you how our vast array of contacts, mature technology assets and personnel can turn your assets into cash in a professional, hassle free experience.
Warehousing and Storage:
We maintain our own free standing 22,500 s.f. warehouse in Seabrook, NH dedicated to the proper storage and maintenance of machinery and equipment. We offer services to our clients who need to store their assets for a day or a year. Our building is a sole use property maintained by our own personnel so that equipment stored here is secure and safe. Also available is a limited amount of clean climate controlled space for storage of delicate electronic equipment. Other services include setup and demo of machinery, digital video, photography and cataloging of assets, crating and packing services as well as pick up and delivery utilizing our own trucks and people.
Also, often times it is more cost efficient to obtain warehouse space that is located closer to where an asset is. We have developed a network of companies that specialize in warehousing of equipment that we may utilize if it makes economic sense.
Liquidations:
One strategy that is being utilized more in today’s business world is performing orderly liquidations or auctions to help sell large inventories of machinery and equipment in a short period of time. This may be accomplished by conducting an orderly liquidation, physically on-site or online thru the internet. The same can be accomplished in an auction process thru either on-site or online methods.
We have extensive experience in managing these types of sales for clients and have done so successfully over the last 30 years. We have conducted more liquidations and auctions of graphic arts related companies than any other entity in that time.
Re-Marketing:
One of the strengths of our company is its ability to resell used machinery and equipment both quickly and at the right price. We achieve this by accessing the vast network of companies worldwide that we know to be buyers of this type of equipment through our 30 years of industry experience. We maintain our own database of contacts and utilize email blasts as well as our interactive website, trade ads and telephone marketing to reach prospective buyers.
For many types of machinery, the overseas market is an excellent place to find buyers for older and obsolete equipment. We maintain good relationships with many of these buyers. They have come to rely on us for their purchasing needs due to our long history in the business as well as our reputation for ethical dealings.
Repossessions:
For years, North East Printing Machinery has acted as an agent for many of the leading financial institutions and provided them our services when required to repossess their non-performing and off-lease assets. Whether the repossession is adversarial or amicable, we have the personnel and equipment to ensure that your asset is retrieved and secured in a timely fashion. Often times, in non-performing asset cases, our initial involvement as the repossessing agent prompts the lessee to bring its account current. As always, we keep our clients best interest as heart and will tailor a repossession strategy to fit our clients’ needs and goals.
Inventory and Portfolio Management:
Whether you are a large manufacturing company looking to pare down the excess “Machinery & Equipment” on your books or you are a leasing company with a large portfolio of equipment to manage; you may turn to us for our experience in these matters. We are able to assist you in tracking, identifying, listing and making sure that your assets are being well maintained and are where they should be.
For example, we recently undertook a project for a leading financial institution that had a large portfolio of graphic arts equipment. The company wanted to verify the equipment’s location and condition as well as a valuation opinion on each of the asset’s value. We were not only able to accomplish this in a timely fashion; we also set up periodic check on these assets to help preserve the integrity of the portfolio.