The Palm Group

What The Palm Group does

The Palm Group LLC is a privately held, founder-led industrial asset monetization company headquartered in Lake Forest, California, founded circa 2009 and operating with 11-50 employees under owner Shekhar Lama. The firm provides industrial and asset acquisition, disposition, and redeployment services, anchored by monthly two-day auction events that list new and used MRO equipment, test and measurement tools, laboratory instruments, semiconductor processing equipment, and automation components (PLCs, motors, sensors, breakers, controls, bearings). Cataloged assets are sold via online auctions hosted on Bidspotter.com, with bidder deposits collected through a Shopify storefront and auction payments processed via Square's PCI-DSS-compliant checkout, supported by an AES-256 encrypted transaction pipeline and a mobile messaging notification program for promotional and transactional communications. Named enterprise engagements include turnkey closure of Oracle America Inc.'s 65,000 sq. ft. semiconductor fabrication facility, MRO disposition for a major US oil refinery, and liquidation of industrial, electronics, medical, and lab equipment for a worldclass cellphone and electronics manufacturer.

Beyond auctions, the company sells a full suite of asset services: asset acquisition, asset disposition, turnkey solutions covering the entire lifecycle from valuation through sale, internal asset redeployment, and consignment services for upcoming auctions. Revenue mechanics are transaction-fee-based, combining commissions on completed auction lots and one-time bidder deposits (with higher deposits required for international participants), with no publicly disclosed pricing tiers. The customer mix is vertical-segmented, led by industrial MRO as the primary use case and supplemented by test/lab/semiconductor equipment and broader industrial parts and components. The business relies on a global buyer/seller network combined with direct consignment outreach, and leverages email marketing, mobile messaging, and Facebook/Twitter social channels to drive registrations and consignments.

The Palm Group operates as a bootstrapped LLC with no disclosed institutional investors, no parent company, no subsidiaries, no funding rounds, no patents or trademarks, and no certifications or compliance frameworks beyond PCI-DSS-adjacent payment handling. Source-level mentions of "thousands of transactions worldwide" and "15+ years of expert asset management services" anchor brand reputation claims, but the company has not disclosed revenue, headcount beyond a band, or formal awards. The competitive position rests on reputational longevity, breadth of sector coverage (semiconductor fabrication closures, oil refinery MRO, electronics manufacturing liquidation), and the two-sided liquidity of its buyer network rather than on proprietary technology or differentiated platform IP.

Name

The Palm Group

Legal name

The Palm Group LLC

Website

https://thepalmgrp.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

The Palm Group LLC is a privately held, founder-led Lake Forest, California industrial asset monetization firm running monthly Bidspotter-hosted auctions and turnkey acquisition, disposition, and redeployment services for enterprise sellers of MRO, test, lab, and semiconductor equipment worldwide.

Ownership category

akta.pro rank

Product category

Industrial Asset Management and Auction Services

NAICS

Industrial Supplies Merchant Wholesalers (423840)

SIC

Wholesale-Construction & Mining (No Petro) Machinery & Equip (5082)

akta.pro primary industry

Auction & Primary Issuance Platforms (IPO/Follow-on/Bond Auctions) (FSAFANAI)

akta.pro secondary industry

Attachments & Work Tools MRO (Buckets, Breakers, Grapples, Augers, Forks) (TLAKAHAL)

Keywords

• Industrial asset auctions
• MRO equipment disposition
• Industrial asset acquisition
• Turnkey asset management
• Consignment auction services

Headquarters

HQ city

Lake Forest

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Auction Transaction Fees: Revenue generated from facilitating industrial equipment auctions. The company manages acquisition and disposition of assets and takes fees/commissions on completed transactions.
2. Bidder Deposits: One-time deposit fees collected from bidders to participate in auctions, processed through Shopify storefront
3. Consignment Services: Fee-based consignment services where The Palm Group sells assets on behalf of clients through their auction platform

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

The Palm Group provides industrial and asset acquisition, disposition, and redeployment services for enterprise clients, primarily through monthly two-day online auctions hosted on the BidSpotter platform. The auctions feature industrial MRO, test and measurement, laboratory, and semiconductor equipment, alongside automation parts including PLCs, motors, sensors, breakers, controls, and bearings. Beyond auctions, the company delivers asset acquisition, asset disposition, turnkey asset management, internal asset redeployment, and consignment services for clients ranging from single-machine needs to entire facility closures.

Product overview

The Palm Group is an industrial asset monetization company providing a suite of acquisition and disposition services for industrial assets. The company operates primarily through monthly 2-day auction events hosted on the BidSpotter platform, offering items such as MRO equipment, test and measurement tools, laboratory instruments, semiconductor equipment, and automation components. Services include Industrial Auctions (the core offering), Asset Acquisition, Asset Disposition, Turnkey Solutions, Asset Redeployment, and Consignments. The company leverages over 15 years of experience managing thousands of transactions worldwide and connects customers with a global network of buyers and sellers.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Auctions Monthly 2-day online auction events featuring industrial MRO (Maintenance, Repair, and Operations) equipment, test and measurement tools, laboratory instruments, semiconductor equipment, and automation components including PLCs, motors, sensors, breakers, controls, and bearings. Hosted on the BidSpotter platform for industrial buyers worldwide.
• Asset Acquisition Professional acquisition services that help enterprise customers obtain industrial assets needed to maximize organizational productivity and operational efficiency.
• Asset Disposition Strategic disposition solutions that help enterprise customers sell industrial assets and obtain maximum profits through The Palm Group's global network of buyers.
• Turnkey Solutions Comprehensive end-to-end asset management solutions covering the entire transaction lifecycle from valuation through sale, handling all aspects of the process for clients needing full-service support.
• Asset Redeployment Internal asset redeployment services enabling organizations to relocate and reallocate equipment within their own operations rather than selling externally.
• Consignments Consignment services allowing customers to submit assets for inclusion in upcoming auctions, with consignment forms and terms available upon request, sold via The Palm Group's auction platform.

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

One partnership is on record.

• Bidspotter.comcoreChannel Partner/ Reseller/ DistributorBidspotter.com serves as the primary online auction platform for The Palm Group's monthly industrial equipment auctions. The platform hosts detailed catalogs and enables online bidding for all auction events, including monthly 2-day industrial MRO and equipment sales.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• PPL Group: Industrial equipment auction, appraisal, and remarketing firm handling surplus machinery, plant closures, and equipment financing dispositions. Directly comparable niche to The Palm Group with similar B2B industrial customer profiles.
• GA Global Partners: Industrial auction and appraisal firm focused on machinery, equipment, and complete plant dispositions. Highly comparable to The Palm Group in customer profile (industrial/semiconductor enterprises) and service offerings (auctions, appraisals, turnkey dispositions).
• Rabin Worldwide: Long-standing industrial auction and asset disposition firm specializing in plant closures, machinery sales, and industrial MRO equipment — a direct peer in industrial asset disposition with overlapping customer types and auction mechanisms.
• Maynards Industries: Industrial auctioneer and asset disposition specialist running plant closures and equipment sales globally. Closely comparable service offering and customer base to The Palm Group, particularly in industrial MRO and manufacturing equipment liquidation.
• Heritage Global Partners: Established industrial asset disposition and auction firm running enterprise facility closures and equipment sales across manufacturing, semiconductor, and energy. Directly comparable to The Palm Group's core business of industrial MRO/semiconductor asset liquidation on behalf of large enterprises.
• Perry Videx: Reseller and auctioneer of used processing/pharmaceutical/food machinery and industrial equipment, often handling plant closures. Comparable in equipment categories (industrial MRO, process equipment) and disposition services to The Palm Group.

Emerging players

• B-Stock Solutions: B2B liquidation marketplace platform running private-label auction stores for retailers and manufacturers to sell returned, overstock, and used assets. Comparable in auction-platform business model and asset-monetization value proposition.
• GovDeals: Online auction marketplace for government and institutional surplus assets including MRO and industrial equipment. Comparable marketplace/auction model to The Palm Group's Bidspotter-based auctions, though focused on public-sector sellers.

Broad incumbents

• Liquidity Services: Public, scaled operator of online liquidation marketplaces (e.g., GovDeals, Liquidation.com) handling surplus and asset disposition across government, industrial, and retail. Overlaps with The Palm Group in industrial MRO/surplus disposition but operates a much broader portfolio.
• Ritchie Bros. Auctioneers: Global auction leader for heavy equipment, trucks, and industrial machinery, now including IronPlanet for online bidding. Competes with The Palm Group for industrial asset buyers and consignment mandates, particularly in equipment-heavy sectors.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ThePalmGroupLLC
• Facebookfacebook.com/thepalmgroupllc
• LinkedInlinkedin.com/company/thepalmgroupllc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 The Palm Group