^[redacted]‌ - Be sure to check out the IBISWorld report on paving contractors. You can find IBISWorld under the Industries tab at the top of this screen. Here is the direct link: www.searchfunder.com/ibisworld/

I've had to do something similar in the past when estimating a heavy equipment list. You can always use used listings to try to get to a ballpark estimate of current market value. I've also had some luck looking at auctions of similar equipment to get a good sense of value. A lot of the value will end up depending on the condition and remaining useful (mileage, expected mileage, etc.) life of the vehicles and equipment. What I have found most helpful is to hire a reputable mechanic as part of due diligence and have them do inspections on the vehicles and equipment and provide you with their opinion on current condition, remaining useful life and potential need for repairs/replacement. This should get you a good start on gathering the right info to get the info you are looking for.

Also tagging a few of our accountants who should be able to answer this question: ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, (To my commenters, THANK. YOU for making Searchfunder a helpful community. We appreciate it!)

Thanks for the tag, Luke.
Lee, you're most likely wanting to connect with an Accredited Senior Appraiser (ASA certification). There are different options for appraisals, depending on your concerns and budget. Cheapest option is a "desktop appraisal" which is done remotely with a detailed list of fixed assets. The more expensive option is for the ASA to perform a site visit.
If you'd like to send me an email at [redacted] I can get you more information and introduce you to an ASA I highly recommend!

I have 7 years in the equipment finance space, feel free to reach out with any questions. [redacted]

Lee, you also need to consider the "sales tax" when you transfer those assets. If there are a lot of vehicles, the tax you pay may be significant. We recently closed a transaction and the sales tax for the vehicles was just under $20K. Just thought you would want to know this.

hi Lee - in my view this is more a technical issue, like buying a used car (i.e. ensure the stuff you end up buying won't need to be replaced straight away). Get someone you trust who understands the machinery/equipment. Your maintenance CAPEX will come out from an expert estimate, not a financial model. Hope this helps.

We've used: https://marshall-stevens.com/. An experienced appraiser should be able to give estimated useful life estimates. Also investigate the heavy equipment auction houses...you'll need orderly liquidation and under-the-hammer valuations for the bank. FMV for allocation of purchase price in your asset purchase agreement. Replacement cost for your insurance company.