Heritage Global Inc. - Common Stock (HGBL)

Competitors to Heritage Global Inc. - Common Stock (HGBL)

Auction Services, Inc.

Auction Services operates primarily in the auction industry, facilitating the sale of assets for corporations, similar to Heritage Global. The competition arises due to their focused approach on specific asset classes which may limit their market reach compared to Heritage Global’s broader asset disposition strategy. While they compete in customer service and auction methodology, Auction Services operates on a smaller scale, which potentially puts Heritage Global at an advantage in terms of scale.

Gordon Brothers Group

Gordon Brothers focuses on asset valuation and disposition for a variety of industries, including retail and industrial sectors. Although both Heritage Global and Gordon Brothers provide asset management and liquidity services, Gordon Brothers has a stronger emphasis on valuation and robust advisory services, allowing them to attract larger and more complex asset deals. This enhanced service offering positions them competitively against Heritage Global.

GovDeals, Inc.

GovDeals operates an online marketplace for government surplus and confiscated items, similar to Heritage Global’s focus on asset management for public sector clients. Both companies target governmental organizations for asset liquidation, but GovDeals benefits from being specifically tailored to the government sector, allowing them to dominate in that niche with deeper expertise and government relationships, thus leading in that competitive area.

Liquidity Services, Inc. 

Liquidity Services, Inc. specializes in the sale of surplus and salvage assets through its online auction and marketplace platforms. Both Heritage Global Inc. and Liquidity Services engage in asset liquidation and management services, targeting similar client bases such as governmental and corporate customers. However, Liquidity Services has built a robust technological infrastructure and a wider range of online auction platforms, providing a competitive edge in accessibility and user experience.

Ritchie Bros. Auctioneers Incorporated 

Ritchie Bros. operates global auction services for used heavy equipment and trucks, appealing to a specific market niche. While both companies facilitate the sale of used and surplus assets, Ritchie Bros. has a strong brand recognition and a more established presence in the industrial auction space. This brand equity allows them to command higher prices and gain premium listings, giving them a competitive advantage over Heritage Global.