Auction Services

Thomas Industries is a leading industrial auction firm known for delivering top-tier service to maximize asset recovery for clients. Whether dealing with machinery, equipment, inventories, intangibles, or real property, the firm ensures a tailored approach for every project.

Founded in 1947, Thomas Industries has consistently been at the forefront of auction technology and innovative marketing strategies. Senior management carefully evaluates each project, considering various sale methodologies and crafting turn-key programs designed to achieve the highest returns while meeting all client needs. Often, a hybrid approach combining auction with private sales for key items is the optimal strategy.

The auction team at Thomas Industries includes some of the industry's most experienced professionals, who manage every aspect of a project—from plant setup and marketing to overseeing inspections, conducting sales, invoicing, collections, and ensuring safe and timely equipment removal.

Internet Utilization

The rise of auction software and internet technology has transformed the industry, with over 90% of industrial auctions now conducted through online bidding platforms, primarily using a time-bidding format. Online auctions eliminate many of the physical constraints of traditional onsite auctions, such as geographical barriers, time restrictions, and a limited audience.

Thomas Industries leverages cutting-edge online bidding software, designed to foster an open and competitive bidding environment. This unrestricted approach maximizes participation and ensures that each auction achieves the best possible results.