Tranzon Asset Advisors, a national real estate auction firm, has been appointed by the U.S. Bankruptcy Court to sell at Absolute Auction the assets of PHS Group, Inc. and its subsidiaries including The Somerset Refinery, Inc., and Somerset Oil, Inc., located in Somerset, Kentucky, 80 miles south of Lexington, Kentucky. The refining operations and plant of Somerset Oil is one of the only two refineries in Kentucky and was operational in late 2007. The Chapter 11 Trustee, Mr. William D. Bishop, upon order of the Court has employed the expertise of Tranzon to market the assets to a world-wide audience.

Auction info www.tranzon.com

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Posted: 09|3|08 at 9:54 am. Filed under: US Auction News.