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GL the company is SOLD!?!?

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jd-ford-hd

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Manchester, TN
In the "for what its worth category", my brother and I picked up 2 deuces this morning and the GL ground man that helped jump start the trucks said that GL had been sold/bought. Tomorrow was his last day as a GL employ and that he would be working for the new company with improved wages. His statement was that all the bid and sale cancellations were due to this transition period of new ownership of GL. Don't know if he knows it all, but I do believe that he knows who he works for and who he will be working for. Like I said "for what its worth".
 

atankersdad

In Memorial
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Glen Arm Maryland
In the "for what its worth category", my brother and I picked up 2 deuces this morning and the GL ground man that helped jump start the trucks said that GL had been sold/bought. Tomorrow was his last day as a GL employ and that he would be working for the new company with improved wages. His statement was that all the bid and sale cancellations were due to this transition period of new ownership of GL. Don't know if he knows it all, but I do believe that he knows who he works for and who he will be working for. Like I said "for what its worth".
I was right! Two somali pirates used their booty from the tanker to buy GL so they could sell their soviet tanks to us OD green addicts.
 

DDoyle

Well-known member
Supporting Vendor
1,825
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West Tennessee
This is unlikely to be the reason for suspension in sales. Those that have been around a while will recall that CV1 (Commercial Venture 1, the first mass contracting of DRMS sales) was awarded to Levy-Lathem. CV2 (which ended in August when the current contract was awarded) went to GL, who then bought, if I recall correctly, LL.

Since I was buying a truck at the time, I can tell you there was no interuption in sales.

Regards,
David Doyle
 

LibertyDeuce

Member
159
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16
Location
New York, NY
SOLD!?? GL just won a contract renewal. I don't think so, not with all the governmental regulatory cr*p and approvals the seller, GL, and the prospective buyer would have to go through on short notice to complete the sale,

Just my 2cents
 

N1265

Active member
1,000
5
38
Location
Fremont, Ohio
Hope they did not sell it to NATO.....

What a scarry thought that would be, maybe all this stuff is not going to the scrap man after all ?
 

Elwenil

New member
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Location
Covington, VA
Keep in mind that GL is just the market place for the company Liquidity Services Inc. You can visit their website and check out their news and earnings estimates. There is nothing about any merger, sale or buy out on their site, nor in any news posting that I can find so I would take this with a handfull of salt.

http://www.liquidityservicesinc.com/index.html
 

militaryguy

New member
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Location
albany OR
I been told by GL that they had a change in the policy by the big G that all speciality truck ,like all m35 ,5ton,m109 and some cucv will be metal scrap
 

Michael

Active member
1,348
24
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Location
Fulton, MS
There was a clause in the new contract that another private company was to be formed to inspect what was sold to be sure nothing went through that wasn't suppose to or something like that. Perhaps this is who this man is going to work for? I am just going off what I remember from reading the bid proposal.
 

atankersdad

In Memorial
In Memorial
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Glen Arm Maryland
Wow, what a job to have. Just imagine, being "the guy" who gets to inspect, drive, and receive everything at a GL site. Then you would get to meet everyone on this site as they did their recovery. YOU BE DA MAN!!!!!YOU DREAM IN GREEN !!! YOU ARE MISTER GL!!!!!Wake up, wake up, someboby just called off at 7/11 and they need you. It was a good dream while it lasted.
 

jd-ford-hd

Member
104
0
16
Location
Manchester, TN
Couldnt let this go without a followup, so I called back to the yard where we picked up the deuces and where this story got started. My normal contact there said the guy I talked to yesterday got a little confused. He will be starting for a new company this Monday but GL is still very much intact. This surplus property game is a very complex thing as you know, and something in the contract was split so some GL guys and gals will be switched over to a new employer but actually still be working at the same facility. Go figure!!!
 

m113mark

New member
24
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1
Location
Austin/TX
GL Info.

For what it is worth i bought 2 m-109a3's that i brought home this week and the GL man on site said that they were just awarded a new contract where GL will be buying the surplus and keeping the money themselves and not giving the govt any percentages back.
 

chicklin

New member
499
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Location
Kansas City, MO
For what it is worth i bought 2 m-109a3's that i brought home this week and the GL man on site said that they were just awarded a new contract where GL will be buying the surplus and keeping the money themselves and not giving the govt any percentages back.
If that's true, maybe the whole titling situation will get better. If they have to own the property they might have to obtain title themselves.
 
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