M&A Deal Summary

Liquidity Services Acquires GoIndustry DoveBid

On May 9, 2012, Liquidity Services acquired business services company GoIndustry DoveBid from TPG for 31M USD

Acquisition Highlights
  • This is Liquidity Services’ 1st transaction in the Business Services sector.
  • This is Liquidity Services’ largest (disclosed) transaction.
  • This is Liquidity Services’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2012-05-09
Target GoIndustry DoveBid
Sector Business Services
Buyer(s) Liquidity Services
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 31M USD

Target

GoIndustry DoveBid

London, United Kingdom
GoIndustry DoveBid, plc is a global provider of surplus asset management, auction and valuation services.

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Buyer(S) 1

Buyer

Liquidity Services

Bethesda, Maryland, United States

Category Company
Founded 1999
Sector Business Services
Employees716
Revenue 314M USD (2023)
DESCRIPTION

Liquidity Services is an online auction marketplace for wholesale, surplus and salvage assets. LSI enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and value-added services that integrate sales and marketing, logistics and transaction settlement into a single offering. Liquidity Services was founded in 1999 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 1 of 4
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 1 of 4
Country (United Kingdom) 1 of 1
Year (2012) 1 of 2
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 National Electronics Service Association

Toronto, Ontario, Canada

National Electronics Service Association (NESA) is a provider of returns management, refurbishment and reverse logistics services for high-value consumer products, NESA provides expertise and focused services to Fortune 1000 companies in the management of Consumer Electronics, Telecommunications and Information Technology products.

Buy CA$18M

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 85 of 267
Sector (Business Services) 6 of 9
Type (Add-on Acquisition) 40 of 94
Country (United Kingdom) 4 of 12
Year (2012) 7 of 15
Size (of disclosed) 69 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-03 EverBank

Jacksonville, Florida, United States

EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-07 Savers

Bellevue, Washington, United States

Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia.

Buy $1.6B