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Heritage Global Partners And Hilco Industrial To Conduct Global Private Treaty Sale On Behalf Of GWF Power Systems, L.P.

Heritage Global Partners (HGP), a global leader in asset advisory and auction services and a wholly owned subsidiary of Counsel RB Capital (OTCQB: CRBN), is conducting an immediate sale of six GWF Power Systems petroleum-fueled power plants in California, ready for on-site turnkey operations or relocation opportunities. The sale is in partnership with Hilco Industrial.

The Global Private Treaty Sale features six complete, fully operational Fluidized Bed Petroleum Coke Power Plants with large inventories of spare and replacement parts. Each facility consists of a single fluidized bed boiler providing steam to a single steam turbine generator.

“The sale of GWF's six turnkey power plant facilities represent an exceptional opportunity for any buyer seeking premium power generation assets to increase capacity,” said Ross Dove, Managing Partner of Heritage Global Partners. “We expect strong demand from various prospects, including municipalities around the world.”

Headquartered in Pittsburg, CA, GWF is one of California’s leading independent power producers, providing electricity to thousands of homes.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners is one of the country’s leading asset advisory and auction services firms, assisting large and small companies with buying and selling assets. A Counsel RB Capital company (OTCQB: CRBN), HGP specializes in asset brokerage, inspection, and valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.

Hilco Industrial provides industrial asset disposition services, specializing in selling machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies through on-site, online and combination webcast auction sale events worldwide.

To obtain more information including scheduling a site preview, please visit or contact David Barkoff at

Copyright Business Wire 2010

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