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.

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