Prestige Equipment
Prestige Equipment is a privately held industrial machinery dealer and auctioneer, founded in 1990, that buys, sells, appraises, and liquidates used and new metalworking equipment for manufacturers in automotive, aerospace, mold-making, and precision machining via a 150,000 sq. ft. warehouse and global webcast auctions.
- Company typePrivate
- Founded1990
- HeadquartersMelville, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Prestige Equipment does
Prestige Equipment Corporation is a privately held industrial machinery dealer and auctioneer founded in 1990 and headquartered in Melville, New York, with a 150,000 sq. ft. heated inspection warehouse near Philadelphia International Airport housing approximately 350 machines. The company buys, sells, and appraises used metalworking and fabricating equipment — including CNC lathes, machining centers, boring mills, press brakes, lasers, waterjet cutters, and turret punches — and conducts live and global webcast auctions and liquidations of manufacturing assets for customers across automotive, aerospace, mold-making, tool and die, and precision machining industries. Revenue is generated through one-time machinery sales (used and new), transaction-based auction and liquidation fees, and equipment purchasing/resale, with pricing conducted via quote-based direct sales. Distribution is omnichannel: direct sales from the warehouse, global webcast auctions, an eBay marketplace storefront, and export/import services. The company also distributes new machinery on behalf of partner OEMs including TOS KURIM, Skoda Machine Tools, CKD Blansko, and Microcut CNC Challenger, and in February 2026 entered a strategic partnership with Fives Machining Systems to bundle OEM-backed maintenance, parts, and new machine tools with its used-equipment and asset recovery services.
Prestige Equipment firmographics
Firmographics- Name
- Prestige Equipment
- Legal name
- Prestige Equipment Corporation
- Website
- https://prestigeequipment.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Prestige Equipment is a privately held industrial machinery dealer and auctioneer, founded in 1990, that buys, sells, appraises, and liquidates used and new metalworking equipment for manufacturers in automotive, aerospace, mold-making, and precision machining via a 150,000 sq. ft. warehouse and global webcast auctions.
- Ownership category
- akta.pro rank
Prestige Equipment industry classification
Industry- Product category
- Used Industrial Machinery Dealership
- SIC
- Wholesale-Industrial Machinery & Equipment (5084)
- akta.pro primary industry
- Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC)
Keywords
Where Prestige Equipment is headquartered
LocationHeadquarters
- HQ city
- Melville
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Prestige Equipment business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Used Machinery Sales: Sales of used metalworking machinery and fabricating equipment from their inventory of approximately 350 machines.
- Auctions and Liquidations: Conducting global webcast auctions and liquidations of industrial assets for manufacturing companies.
- New Machinery Sales: Sales of new machinery from manufacturers including TOS KURIM, Skoda Machine Tools, CKD Blansko, and Microcut CNC Challenger.
- Equipment Purchasing: Purchasing industrial machinery, entire facilities, and industrial real estate for resale.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Prestige Equipment product offering
Product offeringCore offering
Prestige Equipment procures and sells used metalworking machinery, fabricating equipment, and complete manufacturing facilities worldwide from a 150,000 sq. ft. heated warehouse housing approximately 350 machines. The company conducts global webcast auctions and liquidations, purchases surplus single machines, entire plants, and industrial real estate, and distributes new machine tools from partner manufacturers including TOS KURIM, Skoda Machine Tools, CKD Blansko, and Microcut CNC Challenger.
Product overview
Prestige Equipment is a worldwide leader in the procurement and sales of used metalworking machinery, fabricating equipment, and complete manufacturing facilities. Founded in 1990, the company operates as a single unified platform offering used machinery sales, auctions and liquidations, machinery purchasing services, new machinery distribution, certified appraisals, export services, and equipment lifecycle management. The core offering centers on their extensive inventory database of CNC machines including lathes, machining centers, boring mills, press brakes, lasers, waterjet cutters, and fabrication equipment, complemented by auction services and asset recovery programs.
Differentiator
Problem solved
Functional benefit
Companies that use Prestige Equipment
Customer profileSegments5 records
Ideal customer profiles5 records
Prestige Equipment technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Prestige Equipment partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Maynards IndustriesminorJointly conducting a global webcast auction of assets from Model Die & Mold, Inc. on July 23, 2026, at the company's facility in Grand Rapids, Michigan.
- Miedema Asset Management Group's Orbitbid.comminorPartner in conducting the global webcast auction of industrial assets from Model Die & Mold, Inc.
- Fives Machining Systems Inc.coreStrategic partnership enabling Fives customers to access used equipment, global resale channels, and asset recovery services. Prestige customers receive OEM-backed maintenance, parts, retrofit solutions, and new machine tools. Collaboration helps manufacturers coordinate equipment modernization and capital investment planning during expansions, consolidations, or technology upgrades.
Scale indicators4 records
Recent moves4 records
Expansion highlights5 records
Prestige Equipment competitors and assessment
Company assessmentDirect peers
- Surplex: European-headquartered used industrial machinery auctioneer with strong cross-border trading. Operates an equivalent online auction and used-equipment marketplace targeting metalworking and fabrication buyers globally.
- BidItUp Auctions Worldwide: Industrial auction house specializing in CNC machining centers, fabricating equipment, and complete plant liquidations — a near-direct competitor on auction mandates and machinery sales.
- Aaron Equipment Company: Long-established US used process and metalworking equipment dealer/buyer. Competes head-to-head with Prestige on used CNC and fabrication equipment resale.
- Federal Equipment Company: Established US dealer of used process equipment and machine tools with appraisal and liquidation services. Comparable used-equipment inventory model and industrial buyer base.
- Hilco Industrial: US-based industrial asset disposition and appraisal firm serving manufacturers with plant closures, auctions, and valuations — same customer profile and disposition services as Prestige.
- Mohawk Machinery Inc. Cincinnati-based used industrial machine tool dealer and liquidator serving automotive, aerospace, and general manufacturing — directly comparable offering and customer base to Prestige.
- Miedema Asset Management Group (Orbitbid.com): Industrial auction platform operated as Prestige's listed partner on the 2026 Model Die & Mold webcast auction. Overlaps on online industrial asset liquidation for the same customer segments.
- Loeb Winternitz Industrial Auctioneers: US industrial machinery and real estate auction firm with deep focus on CNC and fabrication equipment for manufacturing clients — direct competitor in plant liquidations.
- Maynards Industries: Canadian/US industrial auctioneer and asset disposition firm. Joint partner with Prestige on the Model Die & Mold webcast auction (July 2026) and overlaps directly on auctioneering of metalworking and fabricating equipment.
Broad incumbents
- Machinery Trader / Sandhills Global: Largest online marketplace for new and used construction and metalworking equipment. Broader portfolio than Prestige and listing-based rather than full-service, but converges on the same used-machinery buyer demand.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Prestige Equipment social profiles
Digital presencePrestige Equipment financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prestige Equipment leadership team
Management profileNumber of profiles
Profiles1 record
Prestige Equipment funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prestige Equipment M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prestige Equipment
What does Prestige Equipment do?
Prestige Equipment procures and sells used metalworking machinery, fabricating equipment, and complete manufacturing facilities worldwide from a 150,000 sq. ft. heated warehouse housing approximately 350 machines. The company conducts global webcast auctions and liquidations, purchases surplus single machines, entire plants, and industrial real estate, and distributes new machine tools from partner manufacturers including TOS KURIM, Skoda Machine Tools, CKD Blansko, and Microcut CNC Challenger.
Is Prestige Equipment a public or private company?
Prestige Equipment is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Prestige Equipment founded?
Prestige Equipment was founded in 1990. It employs 11 to 50 people.
Where is Prestige Equipment based?
Prestige Equipment is headquartered in Melville, United States, in the North America region.
How does Prestige Equipment make money?
Four revenue lines are on record. Used Machinery Sales are the primary driver. The others are auctions and Liquidations, new Machinery Sales and equipment Purchasing.
Who are Prestige Equipment's main competitors?
Direct peers on record are Surplex, BidItUp Auctions Worldwide, Aaron Equipment Company, Federal Equipment Company, Hilco Industrial, Mohawk Machinery Inc., Miedema Asset Management Group (Orbitbid.com), Loeb Winternitz Industrial Auctioneers and Maynards Industries. Machinery Trader / Sandhills Global is listed as a broad incumbent.
Does Prestige Equipment have an API?
No public API is recorded for Prestige Equipment.
What industry is Prestige Equipment in?
Prestige Equipment's product category is Used Industrial Machinery Dealership. Its primary akta.pro industry code is IMAHADAC, Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping). Its SIC code is 5084.