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NORTHBROOK, Ill., Jan. 25, 2021 /PRNewswire/ Hilco Global, the world s premier authority on asset valuation, monetization, and advisory solutions, announced today that it has facilitated the sale of substantially all of the assets for Shop-Vac to GreatStar in a multi-million dollar transaction that closed on December 24, 2020. The assets acquired in the transaction include Shop-Vac s intellectual property, real estate, machinery & equipment, inventory, and accounts receivable holdings.
Shop-Vac is headquartered in Williamsport, Pennsylvania and is the brand leader in wet/dry vacuum systems for consumer and commercial applications. Hilco Global was brought in to provide advisory services around work-in-process ( WIP ) conversion and inventory sales and was subsequently engaged to run a process to sell all the assets of Shop-Vac.