M&A Deal Summary

Liquidity Services Acquires Sierra Auction

On January 3, 2024, Liquidity Services acquired business services company Sierra Auction

Acquisition Highlights
  • This is Liquidity Services’ 3rd transaction in the Business Services sector.
  • This is Liquidity Services’ 2nd transaction in the United States.
  • This is Liquidity Services’ 1st transaction in Arizona.

M&A Deal Summary
Date 2024-01-03
Target Sierra Auction
Sector Business Services
Buyer(s) Liquidity Services
Deal Type Add-on Acquisition

Target

Sierra Auction

Phoenix, Arizona, United States
Sierra Auction is a full-service auction company specializing in the sale of vehicles, equipment and surplus assets for government agencies, commercial businesses, and charities. Sierra Auction was formed in 1986 and is based in Phoenix, Arizona.

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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 4 of 4
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Arizona) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Machinio

Chicago, Illinois, United States

Machinio Corp. is an online platform for listing used equipment for sale in the construction, machine tool, transportation, printing and agriculture sectors. Machinio Corp.was founded in 2013 and is based in Chicago, Illinois.

Buy $20M
Mergr

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