Heritage Global Inc. - Common Stock (HGBL)
About Heritage Global Inc. - Common Stock (HGBL)
Heritage Global, Inc. engages in the provision of corporate and financial asset liquidation transactions, valuations, and advisory services. It operates through the following segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending. The Auction and Liquidation segment focuses on operating a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment. The Refurbishment and Resale segment acquires, refurbishes, and supplies specialized laboratory equipment. The Brokerage segment manages charged-off receivables in the U.S. and Canada on behalf of financial institutions. The Specialty Lending segment provides specialty financing solutions to investors in charged-off and non-performing asset portfolios. The company was founded in 1937 and is headquartered in San Diego, CA.