Liquidity Services Acquires Sierra Auction

January 3, 2024

Liquidity Services, Inc. (NASDAQ: LQDT) has acquired Sierra Auction, a Phoenix-based full-service auctioneer that sells vehicles, equipment and surplus assets for government agencies, commercial businesses and charities. The acquisition expands Liquidity Services' presence in the southwestern U.S., increases its transportation and used-equipment footprint, and enhances its pre- and post-sale logistics and buyer network while retaining Sierra's management and employees.

Buyers
Liquidity Services, Inc.
Targets
Sierra Auction Management, Inc.
Location
Arizona, United States
Transaction Type
Buyout

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