Peak Auctioneering
Peak Auctioneering is a privately held building materials auction company that liquidates surplus and overstock inventory from national manufacturers, wholesalers, and retailers through recurring live auctions at US fairgrounds and online bidding via hibid.com, serving enterprise consignors and homeowner, DIY, and contractor buyers.
- Company typePrivate
- Founded1994
- HeadquartersMound City, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Peak Auctioneering does
Peak Auctioneering is a privately held auction marketing company that operates exclusively in the building materials vertical, converting surplus, overstock, discontinued, and excess inventory from leading manufacturers, wholesalers, and retailers into capital through large consignment auctions. Founded by Richard Peak circa 1994 (with the firm's website referencing 'over 30 years' of operation), the company is headquartered in Kansas City, Missouri and self-positions as 'The Nation's Largest Auction Marketing Service exclusive to the Building Material Industry.' Enterprise-grade consignors include Anderson Windows, Pella Windows & Doors, Builders First Source, Ferguson Enterprises, ABC Supply, 84 Lumber, Georgia Pacific, Boise Cascade, and Trex, alongside nonprofit consignor Habitat for Humanity.
The company runs two distribution channels. The primary channel is in-person live auctions held on a recurring annual or semi-annual basis at established county and state fairgrounds across six major US markets, including the Kane County Fairgrounds (Illinois), Howard County Fairgrounds (Maryland), Cuyahoga County Fairgrounds (Ohio), Cabarrus Arena (North Carolina), Washtenaw and Monroe County Fairgrounds (Michigan), and Orange County Fairgrounds (New York). Each event operates two to three simultaneous selling rings covering different product categories. The secondary channel is online bidding via the hibid.com platform for internet-based auctions, with staggered lot closings. Supporting operational technology includes a proprietary Kitchen Cabinet SKU Translator that decodes cabinet sizing terminology for buyers. Inventory is concentrated in kitchen cabinets (offered in ten named sub-product lines), flooring, doors, windows, lumber, and tile.
Peak Auctioneering makes money through transaction-fee economics. The primary revenue stream is a buyer's premium of 15% on credit or debit card payments (12% for cash paid in full) added to the winning hammer price, with the company also earning seller-side commissions from consignors. Ancillary fees include $5.00 per forklift lift for machine loading during material pickup. The customer base is two-sided: institutional consignors on the supply side and a distributed mix of homeowners, DIY renovators, and contractors on the demand side. There is no shipping — all purchases are picked up at auction locations on specified Saturday and Sunday windows — and there is no disclosed venture, private equity, or institutional ownership; the company is founder-led.
Peak Auctioneering firmographics
Firmographics- Name
- Peak Auctioneering
- Legal name
- Peak Auctioneering
- Website
- https://peakauction.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Peak Auctioneering is a privately held building materials auction company that liquidates surplus and overstock inventory from national manufacturers, wholesalers, and retailers through recurring live auctions at US fairgrounds and online bidding via hibid.com, serving enterprise consignors and homeowner, DIY, and contractor buyers.
- Ownership category
- akta.pro rank
Peak Auctioneering industry classification
Industry- Product category
- Building Material Auction Services
- NAICS
- Building Material and Supplies Dealers (4441)
- SIC
- Wholesale-Durable Goods (5000)
- akta.pro primary industry
- Auction-based Generalist Marketplaces (CRAFAAAC)
Keywords
Where Peak Auctioneering is headquartered
LocationHeadquarters
- HQ city
- Mound City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Peak Auctioneering business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Auction Commission (Seller Side): Peak Auctioneering takes a commission on sales from consignors (manufacturers, wholesalers, retailers) who sell their surplus, overstock, and discontinued building materials through the auction.
- Buyer's Premium: A buyer's premium is added to the final bid price on each item. Standard rate is 15% for credit card/debit card/split payments, discounted to 12% for cash payments paid in full. This is the primary revenue stream paid by buyers.
- Forklift Service Fees: $5.00 per forklift lift for machine loading assistance during material pickup.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Credit/Debit Card Payment |
| Transaction based/ take rate | Pay-as-you-go | Cash Payment |
| Unit Pricing | Pay-as-you-go | Forklift Service |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Peak Auctioneering product offering
Product offeringCore offering
Peak Auctioneering conducts consignment auctions that liquidate surplus, overstock, discontinued, and excess building materials from manufacturers, wholesalers, and retailers. It operates in-person live auctions at fairgrounds across major US markets and online auctions via hibid.com, selling brand-new home improvement materials including kitchen cabinets, flooring, doors, windows, lumber, and tile to homeowners, contractors, and builders.
Product overview
Peak Auctioneering operates as a building material auction company offering two primary channels: Live Auctions held at fairgrounds across major US markets (Chicago, Baltimore, Ohio, Michigan, North Carolina, New York) and Online Auctions via hibid.com. Their core product is building material auctions featuring kitchen cabinets (offered in 10 distinct styles including Artic Polar White, Coco, Danmark Mocha, Quik Silver, Vail White, Westport, Whitetail Buck Shaker, Manatee, Tranquil Green, and Ebony Shaker), flooring, doors, windows, lumber, and tile. Supporting services include forklift loading assistance and Sneak Peak material previews. The company has 30+ years operating exclusively in the building material industry, converting surplus inventory from manufacturers and wholesalers into capital for sellers while providing discounted materials to buyers.
Differentiator
Problem solved
Functional benefit
Products and services
- Live Building Material Auctions
Companies that use Peak Auctioneering
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Peak Auctioneering technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Peak Auctioneering partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered major and minor.
- Anderson WindowsmajorConsignor of surplus and overstock window materials to Peak Auctioneering auctions. Represents one of many major building material manufacturers utilizing Peak's auction services to liquidate excess inventory.
- Builders First SourcemajorMajor building material distributor consigning surplus inventory to Peak auctions for efficient liquidation.
- Ferguson EnterprisesmajorLeading building material wholesaler utilizing Peak's auction services for inventory liquidation.
- ABC SupplymajorMajor building materials distributor consigning overstock to Peak auctions.
- Pella Windows & DoorsmajorWindow and door manufacturer utilizing Peak auctions for surplus material liquidation.
- 84 LumbermajorBuilding materials retailer consigning excess inventory to Peak auctions.
- Georgia PacificmajorMajor building product manufacturer utilizing Peak's auction services for inventory management.
- TrexminorComposite decking manufacturer consigning discontinued or overstock products to Peak auctions.
- Habitat for HumanityminorNonprofit organization receiving building material donations through Peak auction liquidation.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Peak Auctioneering competitors and assessment
Company assessmentBroad incumbents
- IAA (Insurance Auto Auctions): Global vehicle auction company operating physical and online auctions for insurance total-loss and salvage vehicles. Comparable as a large-scale auction house with hybrid live-plus-online format and recurring consignor relationships.
- Copart: Leading online vehicle auction platform operating a similar consignment-based auction model for salvage and used vehicles. Comparable as a large-scale physical-plus-online auction business with recurring consignment relationships, though focused on automotive rather than building materials.
- Ritchie Bros. Auctioneers: Global asset disposition company conducting unreserved auctions of heavy equipment, trucks, and industrial assets. Comparable as a large-scale physical-plus-online auction operator with consignment relationships and similar take-rate economics.
Emerging players
- Habitat for Humanity ReStores: Nonprofit retail chain selling donated and discounted building materials, furnishings, and home improvement items. Comparable as a discount building material buyer/reseller channel, though donation-based rather than auction-based and operational in the same ecosystem as Peak (Habitat is also a Peak consignor recipient).
- Repurpose Properties: Specialty building material reuse and deconstruction company that salvages and resells building materials. Partial overlap as a channel for discounted building materials, though focused on deconstruction salvage rather than new-surplus consignment auctions.
Direct peers
- B-Stock Solutions: B2B liquidation marketplace platform that enables retailers and manufacturers to sell returned, overstock, and excess inventory to business buyers. Comparable as a tech-enabled surplus inventory liquidation intermediary serving manufacturers and retailers.
- Liquidity Services: Operates B2B liquidation marketplaces (Liquidation.com, GovDeals, GovPlanet) connecting sellers of surplus merchandise with buyers. Directly comparable as a surplus asset liquidation intermediary, though diversified across government, industrial, and consumer surplus rather than building material-specific.
Others
- HiBid (Auction Flex): Online auction platform provider that hosts Peak's internet bidding. While not a direct competitor, HiBid is a critical infrastructure provider and ecosystem participant whose platform alternatives (Proxibid, AuctionZip) represent competitive infrastructure choices.
Regional players
- Bid4Assets: Online auction platform specializing in government and tax-default asset sales. Adjacent peer in the online auction space though focused on distressed real estate and government assets rather than building materials.
- The Auction Company (TAC): Multi-category auction house conducting live and online auctions across collectibles, equipment, and real estate. Adjacent peer in the live-plus-online auction space, though not specialized in building materials.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Peak Auctioneering social profiles
Digital presencePeak Auctioneering financial estimates
Financial estimateRevenue estimate
Valuation estimate
Peak Auctioneering leadership team
Management profileNumber of profiles
Profiles1 record
Peak Auctioneering funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Peak Auctioneering 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 Peak Auctioneering
What does Peak Auctioneering do?
Peak Auctioneering conducts consignment auctions that liquidate surplus, overstock, discontinued, and excess building materials from manufacturers, wholesalers, and retailers. It operates in-person live auctions at fairgrounds across major US markets and online auctions via hibid.com, selling brand-new home improvement materials including kitchen cabinets, flooring, doors, windows, lumber, and tile to homeowners, contractors, and builders.
Is Peak Auctioneering a public or private company?
Peak Auctioneering is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Peak Auctioneering founded?
Peak Auctioneering was founded in 1994. It employs 501 to 1,000 people.
Where is Peak Auctioneering based?
Peak Auctioneering is headquartered in Mound City, United States, in the North America region.
How does Peak Auctioneering make money?
Three revenue lines are on record. Auction Commission (Seller Side) is the primary driver. The others are buyer's Premium and forklift Service Fees.
Who are Peak Auctioneering's main competitors?
Broad incumbents on record are IAA (Insurance Auto Auctions), Copart and Ritchie Bros. Auctioneers. Emerging players are Habitat for Humanity ReStores and Repurpose Properties. Direct peers are B-Stock Solutions and Liquidity Services. HiBid (Auction Flex) is listed as an others. Regional players are Bid4Assets and The Auction Company (TAC).
Does Peak Auctioneering have an API?
No public API is recorded for Peak Auctioneering.
What industry is Peak Auctioneering in?
Peak Auctioneering's product category is Building Material Auction Services. Its primary akta.pro industry code is CRAFAAAC, Auction-based Generalist Marketplaces. Its NAICS code is 4441 and its SIC code is 5000.