Liquidity Services

Liquidity Services, Inc.

Company type	Public
Traded as	Nasdaq:  LQDT S&P 600 component
Industry	Surplus asset management E-commerce
Founded	1999;26 years ago (1999)
Founders	William P. Angrick III Jaime Mateus-Tique Ben Brown
Headquarters	Bethesda, Maryland , United States
Key people	William Angrick III (CEO)
Brands	GoIndustry DoveBid GovDeals IronDirect Machinio Network International Liquidation.com Secondipity sierraauction.com
Number of employees	687
Website	liquidityservices.com

Liquidity Services, Inc. is an American e-commerce company providing surplus asset management services through a network of online marketplaces. It serves businesses and government agencies by facilitating the resale of surplus, returned, and end-of-life goods. Founded in 1999 and headquartered in Bethesda, Maryland, United States. ^{[1] [2]}

History

The company was founded in 1999 by William P. Angrick III, Jaime Mateus-Tique, and Ben Brown, in 1999, launching initially as Liquidation.com, a B2B auction marketplace. ^{[3] [4] [5]}

In 2001, it acquired SurplusBid.com, gaining access to contracts with the United States Department of Defense. ^[6]

Liquidity Services went public on NASDAQ on February 23, 2006, with an initial valuation of $76.9 million. ^[7] Prior to going public, Liquidity Services opened online auctions for European corporations and government agencies to sell their surplus goods on the international market. ^[8]

From 2008 to 2012, the company expanded through acquisitions, including GovDeals, Network International, the remarketing division of Jacobs Trading Company, and GoIndustry DoveBid. ^{[9] [10]}

In 2015, it lost major contracts with Walmart and the Department of Defense for surplus vehicle auctions, though it retained the DoD's scrap property contract. ^{[11] [12]}

In September 2016, the company launched IronDirect, a marketplace for construction equipment. ^{[13] [14]}

It acquired Machinio in 2018, Bid4Assets in November 2021, and Sierra Auction in 2024. ^{[15] [16] [17]}

Services

Liquidity Services operates several e-commerce platforms including:

• Liquidation.com – Surplus retail and consumer goods ^{[18] [19]}
• GovDeals – Government surplus auctions ^[20]
• AllSurplus – Centralized marketplace across categories
• Bid4Assets – Government real estate auctions
• Machinio – Used industrial machinery listings
• IronDirect – Construction equipment
• Secondipity – Returned and refurbished consumer products ^[21]
• Sierraauction.com– Vehicle and equipment auctions ^[17]
• GovLiquidation.com, ^[22]

Its marketplaces support over 500 product categories across sectors such as: ^[23]

• Government
• Construction
• Energy
• Industrial manufacturing
• Biopharmaceutical
• Electronics manufacturing
• Automotive industry
• Consumer goods
• Retail ^[24]
• Fast-moving consumer goods
• Aerospace
• Defense

See also

• Online marketplaces
• Reverse logistics

References

1. "Online shopping drives surge in holiday returns, and what happens next may surprise you". The Star. January 15, 2017. Retrieved July 17, 2017.
2. "Liquidity Services Inc. (Liquidity Services, Inc.) Initial Public Offering". Find the Company. Retrieved June 26, 2017.
3. Richardson, Karen. "Supply chain gains". kellogg.northwestern.edu. Retrieved June 26, 2017.
4. Swiatek, Jeff. "Where do returned gifts end up? Probably Plainfield". IndyStar. Retrieved June 26, 2017.
5. Bhattarai, Abha. "Capital Business After shoppers return items, some buyers try selling them again". Washington Post. Retrieved June 30, 2017.
6. Reeves, Scott. "An IPO For The Scrap Heap". Forbes. Retrieved June 23, 2017.
7. "Liquidity Services Inc. (Liquidity Services, Inc.) Initial Public Offering". IPO Find the Company. Retrieved June 26, 2017.
8. Ramstack, Tom. "Liquidity Services Fosters Growth". press reader. The Washington Times. Retrieved June 26, 2017.
9. "Liquidity Services to acquire remarketing business of Jacobs Trading". BizJournals. Washington Business Journal. Retrieved June 26, 2017.
10. Steiner, Ina. "Liquidity Services Buys UK's GoIndustry DoveBid". Ecommerce Bytes. Retrieved June 26, 2017.
11. Moore, Tad. "D.C.-based Liquidity Services takes stock of its own business". Washington Post. Retrieved June 26, 2017.
12. "Liquidity Services Awarded New Scrap Contract With The U.S. Department Of Defense". The Street. Retrieved June 26, 2017.
13. "Introducing IronDirect.com". Constructionequipment.com. Retrieved March 27, 2017.
14. Gruver Doyle, Marcia (September 15, 2016). "Rising from ICP's ashes, IronDirect wants to be the Amazon of construction equipment". Equipment World. Big Iron Dealer. Retrieved June 30, 2017.
15. "Press Release | Liquidity Services". investors.liquidityservices.com. Retrieved August 22, 2018.
16. "Liquidity Services Acquires Bid4Assets, a Leading Online Marketplace for Government Real Estate". Liquidity Services. Retrieved August 23, 2024.
17. "Liquidity Services Acquires Sierra Auction, a Leading Auctioneer of Vehicles, Equipment, and Surplus Assets for Government and Commercial Organizations". Liquidity Services. Retrieved August 23, 2024.
18. Levey, Brandon (October 31, 2014). "Rid Your Business of Zombie Stock Before the Holidays". Entrepreneur. Retrieved July 10, 2017.
19. Lopez, Sandy (June 30, 2016). "Business lets customers purchase other stores' surplus online, pick up at North Las Vegas warehouse". Review Journal. Las Vegas Review Journal. Retrieved June 26, 2017.
20. Nguyen, Jason (February 16, 2017). "Good deals from the government: How to buy surplus items online". KATU. Retrieved June 30, 2017.
21. Harte, Tricia (January 16, 2017). "Where do all the Christmas returns go?". Fox 59. Retrieved June 30, 2017.
22. Censer, Marjorie. "Fort Meade acts as warehouse site for 'eBay for the Pentagon'". Washington Post. Retrieved July 10, 2017.
23. "Liquidity Services: Hidden Growth Comes To The Surface". Seeking Alpha. Retrieved June 26, 2017.
24. Aviles, Candice; Williams, Lydia (August 17, 2016). "Indiana's returned-merchandise mecca". theindychannel. Retrieved June 30, 2017.

External links

• Official website