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A B2B liquidation marketplace operator eyes $1 billion-plus in gross volume

Liquidity Services Inc., which operates marketplaces for selling excess commercial and government assets, is “aggressively investing in our people, products, and technology” to reach a near-term goal of $1.5 billion in annualized transaction volume, CEO Bill Angrick says.

Despite market restrictions related to the COVID-19 pandemic, Liquidity Services Inc. is reporting strong financial results and expecting to soon surpass $1 billion in the value of transaction volume for the goods ranging from heavy industrial equipment to consumer electronics to government motor vehicles sold through its B2B marketplaces.

“We established an objective of achieving $1 billion of annualized GMV.

I’m pleased to report that we expect to achieve that run rate milestone in our current December quarter.”

Bill Angrick, CEO

Liquidity Services Inc.

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