Page 1 of 4 1234 LastLast
Results 1 to 15 of 58

Thread: TJ Lambrecht going out?

  1. #1
    Senior Member farm_boy's Avatar
    Join Date
    Dec 2006
    Location
    The sunflower state
    Posts
    369

    TJ Lambrecht going out?

    Found this on Google news this morning. One heck of a list of equipment being sold!

    http://www.prnewswire.com/news-relea...155979865.html

    http://gordonbrothers.com/Solutions/...ils.aspx?id=86

  2. #2
    Member Puppy's Avatar
    Join Date
    May 2012
    Location
    Austin
    Posts
    37
    I don't know about them going out 375 pieces seem like a lot but they do extremely large projects and most likely don't keep all the equipment around after a project finishes up.

  3. #3
    Senior Member JDOFMEMI's Avatar
    Join Date
    Jan 2007
    Location
    SoCal
    Posts
    2,553
    Sounds like they are not going out, but needed money for some reason, and they are selling off a large portion of their fleet. The article mentions that they chose this method because they could get the funds immediately.
    Jerry

  4. #4
    Super Moderator CM1995's Avatar
    Join Date
    Jan 2007
    Location
    Alabama
    Posts
    5,607
    This could just be a smart management decision, especially if their work load/type has changed. Turn the idle iron into cash and strengthen their balance sheet in general or they may need to bolster their balance sheet in order to get bonding for some upcoming projects, then turn around and rent the equipment they need. Who knows they may be transitioning to more of a Construction Manager role and won't be self-performing as much work anymore. Whatever the reason they are "greening" up.

    Also the article said they had a rental agreement with Gordon Brothers to use some of the equipment they sold to them in order to finish up the jobs they have.
    Take what you win, run what you brung


    Forum Rules and Posting Troubles for New Members


    How to post pictures

    Part-time Moderator, Full-time Spam Hunter

  5. #5
    Senior Member JimBruce42's Avatar
    Join Date
    Jan 2006
    Location
    Pennsylvania
    Posts
    925
    Glancing over the list, a lot of the equipment is older or high hour machines. Like the others said, this sounds more like a "cleaning house" of older machines that won't meet new emissions and/or idle equipment that isn't making money. Though I think Vapor works for them, maybe he'll chime in
    -Jim

    "Hit any key to continue "

  6. #6
    Senior Member Tinkerer's Avatar
    Join Date
    May 2009
    Location
    IL
    Posts
    1,097
    According to this news article they are selling assets formerly owned by TJL.

    http://gordonbrothers.com/About-Us/P...recht.aspx?m=1

    I worked for B&L and TJL for over thirty years. I retired in 2003,that was the same year Tommy Lambrecht was killed in an automobile accident. A lot of changes have taken place in the company since that unfortunate accident occurred.
    I have heard from some reliable sources is that TJ Lambrecht Const. is in the process of being sold. And with any sale of that magnitude there are a lot of details that have to be finalized.
    If anyone cares to read about the beginning of the company; here is a web site link to some of their history.

    http://www.tjlambrecht.com/history.asp
    Last edited by Tinkerer; 06-04-2012 at 08:21 AM. Reason: spelling correction

  7. #7
    Senior Member
    Join Date
    May 2010
    Location
    Everywhere
    Posts
    271
    I work for TJ Lambrecht and no one really knows what's going on. Kinda get the same run around that Tinker mentioned. All things aside they have been an outstanding company to work for and I hope they can keep it going but ever since Tom died the company has been on the market. Everything right now is just rumors, nothing set it stone as of right now.

  8. #8
    Senior Member
    Join Date
    May 2010
    Location
    Everywhere
    Posts
    271
    Also a lot of those pieces were not even being used. They have had a lot of equipment sitting around since they finished the SH 130 job in Texas. Work just isn't going like it used to be a few years ago and they have a lot of equient not being utilized. 3 of their biggest jobs they have ongoing are nearing the final stages of completion and no big jobs for them to go to.

  9. #9
    Junior Member
    Join Date
    Apr 2012
    Location
    Simms,tx
    Posts
    12
    Hey guys it's true.they are trying to sell out. Not for finAncial reasons. Not sure if they will sell the company or sell out.

  10. #10
    Junior Member
    Join Date
    Apr 2012
    Location
    Simms,tx
    Posts
    12
    I have only been with them for about 3 months. as kman said they have been outstanding. Hate to see a company that has been built to this from scratch close the doors. But as also mentioned there isn't to many bigger jobs letting in this part of the country right now for that iron to move on to I'm sure they see it as a time exit

  11. #11
    Senior Member Tinkerer's Avatar
    Join Date
    May 2009
    Location
    IL
    Posts
    1,097
    I was told yesterday that if the pending sale of the company is not completed by the end of June, they are going to close down the business as we have known it. They are (must) going to complete all of the jobs that are now underway.

  12. #12
    Senior Member
    Join Date
    Feb 2012
    Location
    Louisiana
    Posts
    240
    The only two guys I know who could pull off a buyout of TJ Lambrecht are Warren Buffet and Angelo Iafrate. And possibly Denton. Lonking Group? You never know til the ink dries...

  13. #13
    Senior Member
    Join Date
    May 2010
    Location
    Everywhere
    Posts
    271
    Nah I'm sure there's more then that.
    Last edited by Kman9090; 06-08-2012 at 04:08 PM.

  14. #14
    Senior Member
    Join Date
    May 2010
    Location
    Everywhere
    Posts
    271
    Tinkerer what did you do for tjl when you worked here? Management?

  15. #15
    Senior Member Tinkerer's Avatar
    Join Date
    May 2009
    Location
    IL
    Posts
    1,097
    Quote Originally Posted by Kman9090 View Post
    Tinkerer what did you do for tjl when you worked here? Management?
    Kman, Because of what I would refer to, as the sensitivity of what I post here in this thread, I prefer to remain anonymous in regards to what I did and who I actually am.

Page 1 of 4 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •