Heritage Global, Inc. (NASDAQ: HGBL) is a global auction and advisory services firm specializing in the disposition of real and personal property assets across a diverse range of industries. Founded in 1991 and headquartered in Irvine, California, the company operates through two primary business segments: personal property auctions and real estate auctions. Over the years, Heritage Global has built a reputation for providing tailored solutions to clients facing equipment retirements, facility closures, or portfolio rationalizations, leveraging both live and online auction platforms.
In its personal property division, the company conducts auctions and private treaty sales for machinery, industrial plant equipment, and commercial assets from sectors such as energy, manufacturing, construction, aerospace, and transportation. Heritage Global’s real estate services group focuses on auction-based sales of land, commercial buildings, hospitality properties, and special-use facilities, often serving clients involved in bankruptcy proceedings, estate settlements, or strategic divestitures. The firm’s advisory team offers valuation, due diligence, and asset management services to complement its transactional capabilities.
Heritage Global maintains a broad geographic footprint, with offices and auction sites throughout North America, Latin America, Europe, and the Asia-Pacific region. The company’s global network enables it to attract a wide pool of bidders and buyers, enhancing price discovery for clients. Heritage Global routinely leverages digital marketing, catalog distribution, and webcast bidding technologies to reach qualified participants across multiple time zones, ensuring a competitive environment for asset disposition.
Under the leadership of Chief Executive Officer Brian D. McFadden, Heritage Global emphasizes operational excellence, transparency, and client-focused solutions. The management team combines deep industry experience with specialized expertise in auction mechanics and asset valuation. Through strategic partnerships and a commitment to innovation, the company continually refines its service offerings to address evolving market needs and regulatory requirements, positioning itself as a trusted advisor in the auction and asset recovery industry.
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