Liquidity Services Inc
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Industrials : Commercial Services & Supplies | Small Cap Blend
Company profile

Liquidity Services, Inc. is a global commerce company. The Company operates a business to business (B2B) e-commerce marketplace platform. It operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG) and Machinio. The GovDeals segment provides self-directed service solutions that enable local and state government entities. The RSCG segment consists of marketplaces that enable corporations located in the United States and Canada to sell surplus and salvage consumer goods. RSCG segment also offers a suite of services that includes returns management, asset recovery, and e-commerce services. The CAG segment provides managed and self-directed service solutions to sellers and consists of marketplaces that enable commercial businesses to sell surplus and idle assets. The Machinio segment operates a global search engine platform for listing used equipment for sale in the construction, machine tool, transportation, printing and agriculture sectors.


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Online Marketplace AllSurplus Partners with Aaron Industrial Solutions to Sell Portuguese Oil Refinery

8:30 am ET January 4, 2023 (PR Newswire) Print

Refinery Equipment Will Help Fill Gap Created by New Demand

Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, to sell a closed, 110,000-barrel-per-day, 290-hectare (~716-acre) oil refinery in Portugal on, the world's leading online marketplace for business surplus assets.

"We are proud to have earned the trust of the refinery owners and to have been appointed to dispose of these surplus assets," said AIS Managing Director Peder Grimstrup. "We have a responsibility towards society and the environment, and the closure of this refinery will be carried out under the premise of sustainability."

Many refineries have closed in recent years, as the world transitions to more sustainable energy options. However, demand for oil and gas has surged most recently due to shortages created by the war in Ukraine and the closure of many refineries. Refiners worldwide are struggling to fill production gaps and need equipment that today's disrupted supply chain cannot meet.

"Keeping assets like these in circulation and extending their life is a win for our client, refiners, and the environment," said Liquidity Services' Vice President, Business Development Trey Valentino. "By removing the need to strip parts for scrap metal or extract raw materials to manufacture new equipment, we're able to help offset carbon emissions and environmental degradation."

For more information about this project and the available refinery equipment, go to For more about Aaron Industrial Solutions, visit To learn more about Liquidity Services, visit View the press kit here.

About AllSurplusAllSurplus is the world's leading online marketplace for business surplus ranging from heavy equipment to transportation and industrial machinery. AllSurplus 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 supports millions of customers across the globe. AllSurplus buyers have direct access to surplus assets across the Liquidity Services' network of marketplaces in one centralized location.

About Aaron Industrial SolutionsAaron Industrial Solutionsoffers industrial equipment auctions, liquidation sales, and asset management services to businesses needing to liquidate or transfer their surplus assets. With more than 80 years of experience in the buying and selling of industrial assets in all verticals, AIS works with its channel partners to provide onsite and online auction events, liquidations, private treaty sales and other creative ways to maximize and monetize surplus assets.

CONTACT: Melissa Whitworth,

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SOURCE Liquidity Services

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