What Heritage Global Partners does

Heritage Global Partners (HGP) is a global auction and asset advisory firm that specializes in the disposition of surplus, decommissioned, bankrupt, and idle industrial, pharmaceutical, biotech, semiconductor, and specialty assets for enterprise sellers and bankruptcy courts. The company is a wholly-owned subsidiary of Heritage Global Inc., which traces its legacy to 1937, and it conducts 150-200 auction projects globally per year, including live webcast, online timed, and complete plant closure sales. HGP serves an enterprise client base that includes Pfizer, Amgen, Sanofi, Boehringer Ingelheim, Takeda, Indivior, Dendreon, and a long tail of biotech and industrial firms such as Pallidus, Converse, and Chemol.

Name

Heritage Global Partners

Legal name

Heritage Global Partners, Inc.

Website

https://hgpauction.com

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

51–100 employees

Short description

Heritage Global Partners is a global auction and asset advisory firm that liquidates surplus, decommissioned, and bankrupt industrial, pharmaceutical, and biotech equipment. It serves enterprise sellers and buyers through multiple digital platforms, conducting 150-200 auction projects annually.

Ownership category

akta.pro rank

Product category

Industrial Auction and Asset Disposition Services

NAICS

Hardware Merchant Wholesalers (423710)

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Online/Virtual Real Estate Auctions (Marketplace Platforms) (BPAJAEAJ)

Keywords

• Industrial auction services
• Asset liquidation auctions
• Refurbished lab equipment
• Plant closure auctions
• Equipment valuation services

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Buyer's Premium: HGP charges each winning bidder a Buyer's Premium of 19% of the winning bid price in addition to the purchase price. This is the primary revenue stream, applied consistently across auctions unless otherwise indicated.
2. Auction Commission from Sellers: HGP serves as broker, agent, liquidator, or auctioneer for third-party sellers (sellers of assets). HGP earns commission from sellers for conducting auctions, including complete plant closure auctions and corporate asset liquidations.
3. ALT Refurbished Equipment Sales: Through subsidiary American Laboratory Trading (ALT), HGP sells pre-tested, refurbished laboratory instruments for immediate purchase with up to one-year warranty and lifetime support, generating revenue on a per-transaction basis.
4. Bankruptcy Court-Appointed Asset Sales: HGP is appointed by U.S. Bankruptcy Courts to conduct asset auctions (e.g., Electriq Power auction with over $18 million in assets), earning commissions on asset disposition.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Heritage Global Partners is a global auction and asset advisory firm that conducts online industrial auctions for surplus, decommissioned, and bankruptcy-related equipment across 20+ categories including pharmaceutical, biotech, aerospace, semiconductor, and manufacturing. The company operates multiple digital auction platforms (HGP Auction, HiBid, Bidspotter) supporting live webcast and timed online bidding, and provides end-to-end asset disposition services including valuation, auction marketing, bidder sourcing, logistics coordination, and customs documentation. Through its wholly-owned subsidiary American Laboratory Trading (ALT), HGP also sells over 6,000 refurbished laboratory instruments directly with warranty and lifetime support.

Product overview

Heritage Global Partners (HGP) operates a unified auction platform ecosystem combining multiple bidding channels (HiBid, Bidspotter) with specialized marketplaces. The core offering consists of online industrial auctions for surplus and decommissioned assets across 19 equipment categories spanning biotech/pharmaceutical, aerospace, semiconductor, and manufacturing sectors. This core platform is augmented by American Laboratory Trading (ALT) for refurbished lab equipment sales, the HGP Pharmaceutical Marketplace for immediate bio/pharma equipment purchases, C.A.R.E. for asset redeployment services, HGP Valuations for professional appraisals, and integrated shipping/logistics support. The company also conducts 150-200 auction projects globally per year for clients including major pharmaceutical firms, biotech companies, and industrial manufacturers.

Differentiator

Problem solved

Functional benefit

Brands

• American Laboratory Trading (ALT): America's largest provider of premium refurbished laboratory instruments, offering over 6,000 instruments including analyzers, balances, centrifuges, HPLC/FPLC systems, microscopes, and more with up to one-year warranty and lifetime support.
• HGP Pharma Marketplace
• C.A.R.E. (Asset Redeployment)

Products and services

• Heritage Global Partners (HGP) Auction Platform Online industrial auction platform facilitating the sale of surplus, decommissioned, and bankrupt assets across sectors including biotech, pharmaceutical, aerospace, semiconductor, and manufacturing equipment. Operates timed and live webcast auctions with bidding capabilities.
• HiBid Online Bidding Platform Online auction bidding platform used by HGP for catalog browsing and real-time bidding on auction lots across industrial, pharmaceutical, and manufacturing equipment categories.
• Bidspotter Online Bidding Platform Online auction bidding platform utilized by HGP for auction participation and lot management, supporting live webcast and timed auctions.
• American Laboratory Trading (ALT) Refurbished Equipment HGP subsidiary offering premium refurbished laboratory equipment for immediate purchase, featuring over 6,000 instruments including analyzers, centrifuges, HPLC systems, and other lab gear with up to one-year warranty and lifetime support.
• HGP Pharmaceutical Marketplace Online marketplace for immediate purchase of bio/pharmaceutical manufacturing equipment including tablet presses, coating systems, granulators, and fluid bed systems from major pharmaceutical companies such as Boehringer Ingelheim, Takeda, Impax, and Alcami.
• C.A.R.E. (Customer Asset Redeployment) Asset redeployment platform enabling customers to manage and liquidate surplus equipment and assets through HGP's auction services beyond traditional auction events.
• HGP Valuations Professional asset valuation services for industrial assets, equipment, and inventory offered by HGP, providing sellers with pre-auction asset assessment capabilities.
• HGP Shipping & Logistics Full-service shipping and logistics program providing buyers and sellers with asset removal assistance, shipping arrangements, and coordination with riggers and shipping agents post-auction, supported by a global network.

Quantifiable outcome

• 150-200 auction projects conducted globally per year
• +3 more outcomes

Named customers21 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Federal Equipment CompanycoreStrategic or Co-development Partner · 26 May 2026Heritage Global Partners conducts auctions jointly with Federal Equipment Company. The partnership was evident in the Fulcrum Sierra Biofuels live webcast auction (June 2026) and the Indivior pharmaceutical QC equipment auction. Both companies combine their industry expertise and buyer networks to maximize returns on industrial and pharmaceutical equipment assets.
• Prestige AuctionscoreStrategic or Co-development Partner · 19 February 2026Heritage Global Partners and Prestige Auctions partner to conduct complete plant closure auctions, including the NOV Dayton Chemineer facility auction (March 2026). The joint partnership enables both firms to leverage their respective networks and expertise in industrial equipment liquidation, serving aerospace, energy, and general manufacturing markets.
• The Benchmark Group (TBG)minorStrategic or Co-development PartnerThe Benchmark Group (TBG) is listed as a partner in the Pallidus Silicon Carbide Wafer Manufacturing Equipment auction. TBG serves as a co-promoter or marketing partner for this specialized semiconductor manufacturing equipment auction.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Perry Videx: Used process equipment dealer and auctioneer focused on pharmaceutical, chemical, food, and biotech industries. Comparable niche focus on regulated-process equipment and parallel buyer/seller base to HGP's pharma vertical.
• Gordon Brothers: Global advisory and investment firm specializing in asset disposition, valuations, and liquidation services for retailers, industrial, and consumer companies. Closely comparable service offering combining valuation, auction, and asset advisory under one roof.
• Liquidity Services: Public industrial asset liquidation marketplace (NASDAQ: LQDT) operating GovDeals, Capital Assets Group, and other auction platforms. Directly comparable business model of auctioning surplus and capital assets across government, industrial, and commercial verticals.
• Barliant Auctions: Specialized auctioneer for food processing, refrigeration, beverage, and related industrial assets. Comparable niche-specialist auction model with overlap to HGP's food & beverage and industrial segments.
• Prestige Auctions: Strategic partner conducting complete plant closure and industrial asset auctions. Directly comparable service offering in plant closure liquidations and joint-partner auctions alongside HGP.
• Federal Equipment Company: Strategic partner and direct peer in pharmaceutical and process equipment liquidation. Auctions pharma, chemical, and food processing equipment — directly overlapping HGP's pharmaceutical marketplace and live webcast pharma auctions.
• EquipNet: Online marketplace for used industrial, lab, and manufacturing equipment. Directly comparable to HGP's ALT subsidiary and broader marketplace listings of pre-owned equipment.

Broad incumbents

• RB Global (Ritchie Bros.): Public global auctioneer of heavy equipment, trucks, and industrial assets post-merger of Ritchie Bros. and IAA. Operates a much broader portfolio but is the dominant incumbent in industrial equipment auctions, with significant overlap to HGP's industrial liquidation business.

Emerging players

• Bid4Assets: Online auction platform for government, commercial, and bankruptcy-distressed assets. Comparable digital marketplace model for surplus and distressed sales, though with broader government-asset concentration.
• Sandhills Global (AuctionTime / TractorHouse): Digital marketplace operator behind AuctionTime, TractorHouse, and Truck Paper. Primarily focused on heavy equipment, agricultural, and trucks, but with growing reach into industrial asset categories that overlap with HGP's portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HGP_Auction
• Facebookfacebook.com/Heritage-Global-Partners-1726407734280393
• LinkedInlinkedin.com/company/hgpauction

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heritage Global Partners