Concordia College Alabama’s assets will soon be available for purchase

SELMA, Ala. (AP) — A company says Concordia College Alabama’s assets will soon be available for purchase after the historically black Lutheran school closed at the end of the spring semester.

The Selma Times-Journal reports Eaton Hudson Inc. is overseeing the sale of a variety of the college’s items including furniture and vehicles as well as lab, athletic, information technology, maintenance and other kinds of equipment.

Eaton Hudson CEO Jim Schaye says in a statement that the sale will be open to the public Friday through a combination of online and onsite sales and auctions.

https://www.houstonchronicle.com/news/education/article/Closed-Concordia-College-Alabama-to-sell-off-13431371.php

Eaton Hudson, Inc. announced “disposition sale of historic Concordia College

On Monday, November 26, 2018  Eaton Hudson, Inc. announced that it was beginning the “disposition sale process of assets and operational items at historic Concordia College.”
Concordia College shut down operations at the end of the 2018 Spring semester due to a decline in enrollment and financial issues. The final graduating class received their diplomas on April 28.
Eaton Hudson will oversee the sale of a variety of the school’s assets, including furniture and vehicles, as well as lab equipment, athletic equipment, IT equipment, maintenance equipment and more

The sale of these items will open to the public Friday in the school’s former recreation center and will coincide with an online auction of school memorabilia available to Concordia College alumni to be announced in the coming
weeks.
“Our collegiate asset disposition experts will be on-site to conduct this important project for Concordia College using a combination of online and onsite sales and auctions to deliver the maximum value for all of their assets,” said
Eaton Hudson CEO Jim Schaye in a press release.
“Our leadership team has visited the school on many occasions and respects the foundation they have laid down in the community,” said Eaton Hudson Collegiate Asset Disposition Director Sarah Thobae. “We will work closely
with school ofcials
to utilize infrastructure in place and ensure the sale is managed in a careful and efcient
manner.”
In 1922, Concordia College was established in a rented cottage to train church workers.
The Synodical Conference purchased 13 acres in Selma shortly thereafter and founded Alabama Luther College. The name was changed to Concordia in 1981 and gained accreditation from the Southern Association for Colleges
and Schools in 1994 as a bachelor’s degree-granting institution.
Further information on the upcoming auctions will be made available through the Concordia College Alabama Facebook page.

Eaton Hudson’s Collegiate Asset Division to Run Concordia College Liquidation

ATLANTA, Ga., Nov. 26, 2018 — Eaton Hudson, Inc. (http://www.eatonhudson.com)
announced today that they have begun the disposition sale process of assets and operational
items at historic Concordia College in Selma, Alabama.
A private college of the Lutheran Church–Missouri Synod in Selma, Concordia College
Alabama was the only historically black college among the ten colleges and universities in
the Concordia University System. The college ceased operations at the completion of the Spring
2018 semester, citing years of financial distress and declining enrollment. Assets to be sold
include but are not limited to furniture, departmental items, lab equipment, IT equipment,
athletic equipment, vehicles and maintenance equipment. Details will be posted on the school’s
Facebook page: https://www.facebook.com/ConcordiaCollegeAlabama/ .
“Our collegiate asset disposition experts will be on-site to conduct this important project
for Concordia College using a combination of online and onsite sales and auctions to deliver the
maximum value for all of their assets,” commented Jim Schaye, CEO of Eaton Hudson.
“Our leadership team has visited the school on many occasions and respects the foundation they
have laid down in the community. We will work closely with school officials to utilize
infrastructure in place and ensure the sale is managed in a careful and efficient manner,”
continued Sarah Thobae, Eaton Hudson’s Collegiate Asset Disposition Director.
The campus Furniture, Fixtures and Equipment sale will open to the public starting Friday
November 30, 2018 at the college’s Recreation Center. In addition, there will be an online
auction of school memorabilia for the alumni in the coming weeks. Alumni and family will find
additional information on Concordia’s Facebook page as event details are finalized
About Eaton Hudson, Inc.: Eaton Hudson specializes in strategic management solutions for
leading retail operations and higher education institutions in the area of asset disposition,
inventory valuation and liquidations. Launched by industry veterans of the Eaton Department
Stores of Toronto and Hudson Capital Partners and later joined by former executives of
Silverman Consultants, clients benefit from financial strength and expertise. Eaton Hudson has
been providing innovative and strategic solutions for the disposition of excess, obsolete and
discontinued inventory and other assets for fifteen years. The company has offices in Toronto,
Atlanta, Boston and Charleston, and employs consultants nationwide.
About Concordia College Alabama: Concordia was founded in 1922 in a rented cottage as a
high school and college to train church workers. The Synodical Conference soon purchased 13
acres in Selma, Alabama as the site of the Alabama Luther College. In 1981 the name was
changed to Concordia College Alabama, and in 1994 it gained accreditation from the Southern
Association of Colleges and Schools as a bachelor’s degree-granting institution. In February
2018, the college announced that it would close at the conclusion of its academic year due to
enduring financial problems. The 147 members of the final graduating class received their
diplomas on April 28, 2018.