Established in 1902, Maynards conducts auctions, asset appraisals and provides asset-based lending to companies primarily in the industrial manufacturing sector. Our group works with publicly and privately held companies, the United States Bankruptcy Court, Receivers, Assignments for the Benefit of Creditors (ABC’s), financial lending institutions, and turnaround management companies. 

Maynards is the largest equipment auctioneer and appraiser in the world servicing the automotive industry. In 2009, Maynards was awarded the liquidation project for the General Motors bankruptcy filing which consisted of the sale and liquidation of a total of (16) automotive plants.  

Maynards proudly offers professional and comprehensive solutions to monetize the value of underperforming or surplus industrial assets; handling all phases of each project, start to finish.   

Areas of Business:
	Industrial Equipment Auctions
	Asset Appraisals
	Asset-Based Lending
	Plant Acquisitions
	Turnkey Sales

Manufacturing

Maynards Industries

Maynards Industries' headquarters in Livonia (Detroit), MI, United States

Taso Sofikitis

Nyk Westbrook

Daniel Gray

Shikhar Nehru

Mike Suzuki

The Leadership Team at Maynards Industries is responsible for setting the strategic direction and overseeing the overall operations of the company. Comprising seasoned executives, including the CEO, Presidents, and Vice Presidents across various divisions, the team drives business development initiatives, ensures alignment with market trends, and fosters relationships with key stakeholders. Their collective expertise guides the execution of innovative asset management solutions and reinforces Maynards’ position as a global leader in industrial equipment auctions and appraisals.

Leadership Team

The Business Development Team at Maynards Industries focuses on identifying and pursuing new growth opportunities to expand the company's footprint in the industrial manufacturing sector. They cultivate relationships with key stakeholders, including financial institutions and turnaround management firms, to facilitate business partnerships and drive revenue through strategic initiatives. By leveraging their expertise in auctions, appraisals, and asset-based lending, the team positions Maynards as a leader in the marketplace, ensuring they meet the evolving needs of their clients effectively.

Business Development Team

The Finance and Valuation Team at Maynards Industries is responsible for assessing and determining the value of industrial assets to inform auction strategies and asset-based lending decisions. Comprising specialists in accounting and appraisal, the team provides detailed financial analysis and valuation reports, ensuring accurate asset representation for clients and maximizing returns on underperforming or surplus equipment. They also collaborate closely with other departments to support comprehensive project management throughout the asset monetization process.

Finance and Valuation Team

The Project Management Team at Maynards Industries is responsible for overseeing the planning, execution, and completion of asset liquidation and appraisal projects. This team ensures that each project is delivered on time and within budget, coordinating closely with clients and internal stakeholders to maximize asset value. They handle all phases of projects, from initial assessment to final auction, while also implementing marketing strategies to attract potential buyers and optimize sales results.

Maynards Industries

Org chart

Teams

Leadership Team

Business Development Team

Finance and Valuation Team

Project Management Team

Offices

Maynards Industries

Org chart

Teams

Leadership Team

Business Development Team

Finance and Valuation Team

Project Management Team

Offices

Related companies