FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Yellen Partners to Conduct Equipment Auction of Organic Avenue

November 10, 2015, 07:31 AM
Filed Under: Industry News

Yellen Partners announced that Organic Avenue, LLC, the former grab-and-go destination for organic, plant-based meals and snacks in New York City, has retained Yellen Partners to conduct an auction of the company’s machinery and equipment. The sale will be conducted as a timed, Bidspotter online auction of assets at more than ten retail locations and one commissary location starting on Nov. 16 and ending on Nov. 20, 2015.

“We look forward to offering customers an opportunity to purchase Organic Avenue’s high-quality and professionally-maintained restaurant and kitchen equipment at a considerable value,” said Brian Yellen, president of Yellen Partners.

Organic Avenue recently filed for Chapter 7 bankruptcy relief in the United States Bankruptcy Court for the Southern District of New York and Jil Mazer-Marino, Esq. has been appointed as the Chapter 7 trustee for the company. Concurrent with Yellen Partners’ efforts, Mazer-Marino is conducting an effort to find a turnkey buyer of the assets.

Yellen Partners, LLC is a Victory Park Capital portfolio company that is a specialized, hands-on provider of asset monetization solutions focused on the acquisition and disposition of retail and wholesale inventories, as well as healthcare and industrial machinery and equipment, for businesses seeking to continue operations or sell assets as a going concern. Core activities include sourcing, acquiring and monetizing distressed and other surplus assets through transaction strategies, including, but not limited to, retail store closings, orderly liquidations of wholesale inventories and specialty assets, as well as private treaty sales and on-site and on-line auctions.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.