LQDT
- Liquidity Services, Inc.
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Overview
Company Summary
Liquidity Services, Inc. is an online marketplace company that specializes in providing business and government clients with a platform to sell surplus assets and inventory. The company operates various online auction marketplaces and provides services that enable corporations, retailers, and government agencies to efficiently sell their surplus and idle assets.
Liquidity Services primarily focuses on four marketplaces: GovDeals, a platform for government surplus; Liquidity Services Network (LSN), a business-to-business (B2B) marketplace; Machinio, an online platform for used machinery and equipment; and Network International, which caters to the oil and gas industry.
For government agencies, Liquidity Services' GovDeals marketplace allows them to dispose of surplus assets such as vehicles, office equipment, furniture, and more. The platform simplifies the auction process and allows governments to maximize their return on these assets.
In the B2B realm, Liquidity Services Network (LSN) connects corporate clients with a vast network of registered buyers, allowing businesses to sell excess inventory, returned merchandise, and refurbished goods in a streamlined manner.
The acquisition of Machinio expanded Liquidity Services' offerings to include a marketplace specifically for used machinery and equipment. This platform facilitates the buying and selling of industrial assets worldwide and provides access to a broad range of industries.
Additionally, Network International, acquired by Liquidity Services, specializes in providing online marketplaces for surplus oil and gas equipment. This offering caters to the needs of companies operating in the energy sector, facilitating the efficient purchase and sale of industry-specific assets.
Overall, Liquidity Services enables its clients to turn surplus assets into cash efficiently, leveraging its online marketplaces and expertise in maximizing sales. By connecting buyers and sellers in various industries, Liquidity Services aims to optimize the value of surplus inventory and equipment, benefiting both the sellers and buyers in the process.