AllSurplus Selected to Run Heavy Equipment Online Auction for Leading Engineering and Construction Services Company


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Twenty-seven heavy machines offered for sale via a global online platform

BETHESDA, Md., Aug. 26, 2022 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ: LQDT), a leading global trading company powering the circular economy, today announced a new partnership with a leading engineering and New York-based construction company to auction off its surplus heavy equipment. Twenty-seven assets valued at over $800,000 are currently up for sale on AllSurplus.comthe world’s largest market for surplus business assets, including heavy equipment and industrial machinery.

“We are delighted that our marketplace has been selected for these high value items. The client appreciated being able to sell equipment onsite without incurring the expense of transporting it to our location,” said Liquidity Services Vice President, Heavy Equipment, Michael Smith. “We strive to exceed market value by maximizing returns through our intuitive auction platforms and ability to market directly to known, motivated buyers.”

The online auction contains a mix of high-value equipment, including several Caterpillar backhoes, a 2011 Caterpillar D8T crawler dozer, Peterbilt professional trucks and Caterpillar crawler excavators. Several auctions will close on August 31, 2022, while others will run until September 14, 2022.

By choosing to sell its surplus on AllSurplus.com, the company reaches over 15,000 sellers serving more than 4.8 million qualified buyers worldwide. To bid, buyers must create an account by completing the free registration form at AllSurplus.com.

About AllSurplus
AllSurplus is the world’s leading market for surplus business assets, ranging from heavy equipment to transportation assets and industrial machinery. AllSurplus is the smarter and faster way to sell inventory and equipment because sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. AllSurplus is powered by one of the most experienced and trusted companies in the Surplus industry: Liquidity Services (NASDAQ: LQDT), which has supported millions of clients around the world. AllSurplus buyers have direct access to all surplus assets on Liquidity Services’ network of marketplaces in one centralized location.

About Liquidity Services
Liquidity services (NASDAQ: LQDT) operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in transactions from over 4.8 million qualified buyers and 15,000 corporate and government vendors worldwide. It supports its customers’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products going to landfill.

Contact:
Nancy Sloan
Director, Brand and Integrated Marketing Communications
(561) 339-8613
[email protected]

A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80e9baa7-1e4c-4435-8e5e-009456536d6b


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