Heritage Global Inc. (HGBL)

Overview

Heritage Global Inc. is an asset services enterprise that specializes in the transaction of financial and industrial assets. The company is composed of multiple subsidiaries working together to provide a comprehensive range of services in asset acquisition, refurbishment, disposition, and financial transactions. Initially established as Counsel RB Capital Inc., the company underwent a rebranding process and adopted its current name, Heritage Global Inc., in August 2013. Since its foundation in 1937, it has built a reputation for effectively identifying, valuing, acquiring, and monetizing tangible assets across various industries. Based in San Diego, California, Heritage Global plays a dual role in the market as both an adviser and a principal entity involved in the acquisition and brokerage of manufacturing facilities, surplus machinery and equipment, industrial inventories, and receivable portfolios.

Products and Services

• Auction and Liquidation:

Heritage Global Inc. facilitates the sale of assets through comprehensive auction and liquidation services. This segment is dedicated to maximizing the value of surplus or obsolete assets for their clients through a structured disposal process. The company leverages its extensive network and marketing capabilities to attract a wide range of buyers, ensuring competitive bidding and optimal asset recovery rates.

• Refurbishment & Resale:

Focusing on adding value to previously owned assets, the Refurbishment & Resale segment involves the repair, upgrade, and resale of industrial machinery and equipment. By reconditioning assets, Heritage Global Inc. not only extends the lifespan of these assets but also promotes sustainability and cost-effectiveness for buyers seeking reliable equipment at a fraction of the cost of new items.

• Brokerage:

This service line emphasizes the brokerage of manufacturing facilities, industrial machinery, and equipment, as well as charged-off receivable portfolios. Heritage Global Inc. acts as an intermediary, leveraging its expertise and network to facilitate transactions between sellers and buyers. The company’s brokerage services are tailored to meet the specific needs of its clients, ensuring seamless and efficient asset sales and acquisitions.