Terra Point

In 2015 I co-founded Terra Point with my business partner, Eric Weiler, as an offshoot to our already successful industrial auction company, New Mill Capital. Our brand focuses on construction and transportation equipment for retirement assets as well as projects from distress and insolvent concerns. Terra Point has leveraged the expertise of New Mill Capital’s project execution to provide the construction and transportation industry a competitively superior sale process with higher monetary returns. With over 50 years of collective experience in the auction business, we pride ourselves on personally managing every project from start to finish.

Tim Watters – Founder / CEO


Over 50 years of combined construction, transportation, and industrial sales experience.


Core values of integrity and transparency for buyers and sellers alike.


Principal acquisitions for single pieces of machinery to the largest packages on the market.