Liquidity Services Acquires Sierra Auction, A Leading Auctioneer Of Vehicles, Equipment, And Surplus Assets For Government And Commercial Organizations
Acquiring Company
Liquidity Services
Acquired Company
Sierra
BethesdaPhoenixTransportationLogisticsGovernmentDescription
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.
Quick answer
Liquidity Services is acquiring Sierra, announced January 3, 2024. Liquidity Services is based in Bethesda, Maryland, United States.
- How much did Liquidity Services pay for Sierra?
- The deal value was not disclosed.
- What does Liquidity Services do?
- Liquidity Services (NASDAQ: LQDT) operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than 5.1 million qualified buyers worldwide..
- Where are Liquidity Services and Sierra based?
- Liquidity Services is based in Bethesda, Maryland, United States. Sierra is based in Phoenix, Arizona, United States.
- Who are the decision-makers at Liquidity Services?
- Fundz holds 1 contact at Liquidity Services. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Liquidity Services, and when
When Liquidity Services changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Sierra?
Sierra was acquired by Liquidity Services, based in Bethesda. The deal was reported on January 3, 2024. Liquidity Services is publicly traded (LQDT) and operates in Transportation.
When did Liquidity Services acquire Sierra?
Liquidity Services's acquisition of Sierra was reported on January 3, 2024. Liquidity Services, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Sierra do?
Sierra is a full-service auction company based in Phoenix, Arizona. The privately held company auctions vehicles, equipment and surplus assets for government agencies, corporations, bankruptcy trustees, financial institutions, and charities. It is privately held, operating in Government, and is based in Phoenix.
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