SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 27, 1996
EQUIPMENT ASSET RECOVERY FUND, L.P.
(Exact name of registrant as specified in its charter)
Texas 01-13532 11-2661586
State or other jurisdiction Commission IRS Employer
of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn: Andre Anderson 10285
Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3237
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On November 27, 1996, Equipment Asset Recovery Fund, L.P. (the "Registrant"),
DSC Venture ("DSC") and SFN Corporation ("SFN") sold their crane fleets,
related equipment and existing customer crane rental agreements (collectively,
the "Assets") to Western Crane Supply, Inc. ("Western"), a Kennewick,
Washington- based operator of construction cranes, for a total consideration of
$15.9 million cash. The purchase price for the Assets was determined by
arms-length negotiations. There is no material relationship between Western
and the Registrant or any of its affiliates, any director or officer of the
Registrant, or any associate of any such director or officer. Registrant is a
venturer in DSC and a shareholder in SFN. Registrant will receive proceeds of
approximately $2,863,464 for its crane fleet and will receive approximately
$9,576,727 in distributions from DSC and SFN attributable to its interest in
the sale proceeds to be received by SFN and DSC from the sale of their crane
fleets. The General Partners of the Registrant estimate that the value of the
net proceeds from the sale of the Registrant's crane fleet, the value of the
Registrant's interests in the proceeds of the sale of DSC's and SFN's crane
fleets, and the current book value of the remainder of Registrant's net assets
is approximately $350.00 per Limited Partnership unit.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
EQUIPMENT ASSET RECOVERY FUND, L.P.
BY: EQUIPMENT MANAGEMENT INC.
General Partner
Date: November 27, 1996 BY: /s/ Moshe Braver
President and Director
Date: November 27, 1996 BY: /s/ Daniel Palmier
Vice President and
Chief Financial Officer
