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Going, going...; Penske equipment sale under way.

By Stumpf, Todd
Publication: Tire Business
Date: Monday, May 27 2002

In what might have to be considered the mother of all garage sales-especially considering hundreds of garages are actually for sale-the physical resources of Penske Auto Centers Inc. are up for grabs to the highest bidders.

A joint venture between Rabin Worldwide, an auction company billing itself as a provider of ``comprehensive financial solutions for businesses in transition,'' and Enfield, Conn.-based Capital Recovery Group (CRG) will disperse leftover facilities and equipment of the erstwhile largest tire dealership, which closed all its stores last month.

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