American e-commerce surplus asset management company
Liquidity Services, Inc. Company type Public Nasdaq : LQDT S&P 600 componentIndustry Surplus asset managementE-commerce Founded 1999; 27 years ago (1999 ) Founders William P. Angrick III Headquarters ,United States
Key people
William Angrick III (CEO ) Brands GoIndustry DoveBid Number of employees
687 Website liquidityservices
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 inBethesda, Maryland , United States.[ 1] [ 2]
The company was founded in 1999 by William P. Angrick III, Jaime Mateus-Tique, and Ben Brown, in 1999, launching initially asLiquidation.com , aB2B auction marketplace.[ 3] [ 4] [ 5]
In 2001, it acquired SurplusBid.com, gaining access to contracts with theUnited States Department of Defense .[ 6]
Liquidity Services went public onNASDAQ on February 23, 2006, with an initial valuation of $76.9 million.[ 7] government agencies to sell their surplus goods on theinternational market .[ 8]
From 2008 to 2012, the company expanded through acquisitions, includingGovDeals ,Network International , the remarketing division of Jacobs Trading Company, and GoIndustry DoveBid.[ 9] [ 10]
In 2015, it lost major contracts withWalmart 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 launchedIronDirect , a marketplace for construction equipment.[ 13] [ 14]
It acquiredMachinio in 2018,Bid4Assets in November 2021, and Sierra Auction in 2024.[ 15] [ 16] [ 17]
Liquidity Services operates several e-commerce platforms including:
Its marketplaces support over 500 product categories across sectors such as:[ 23]
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