Liquidity Services (LQDT) Acquires Sierra Auction
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Liquidity Services Acquires Sierra Auction, a Leading Auctioneer of Vehicles, Equipment, and Surplus Assets for Government and Commercial Organizations
January 3, 2024 7:00 AM ESTBETHESDA, Md., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Liquidity Services, Inc. (NASDAQ: LQDT), a leading global commerce company powering the circular economy, today announced it has acquired Sierra Auction, a full-service auction company specializing in the sale of vehicles, equipment and surplus assets for government agencies, commercial businesses, and charities. Sierra hosts the largest weekly public online auctions in Arizona. The transaction accelerates Liquidity Services penetration of the southwest US market for municipal government surplus and expands the size of Liquidity Services overall transportation and used equipment footprint.
Established in 1986 in Phoenix,... More
