SIGMA Group

Name

SIGMA Group

Legal name

The SIGMA Group Inc.

Website

https://thesigma.group

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

SIGMA Group is an employee-owned industrial equipment services company headquartered in Evansville, Indiana, operating seven divisions that buy, sell, rent, integrate, appraise, and recycle packaging and processing equipment and MRO parts for manufacturing enterprises across North America.

Ownership category

akta.pro rank

Product category

Used Industrial Equipment Sales and Services

NAICS

Management of Companies and Enterprises (551), All Other Industrial Machinery Manufacturing (333248), Electronic and Precision Equipment Repair and Maintenance (811210)

SIC

General Industrial Machinery & Equipment, Nec (3569), General Industrial Machinery & Equipment (3560), Special Industry Machinery (No Metalworking Machinery) (3550), Wholesale-Electronic Parts & Equipment, Nec (5065)

akta.pro primary industry

Industrial Supplies & MRO Marketplaces (CRAFAHAA)

akta.pro secondary industries

Construction, Hardware & MRO Supply Clubs (Trades/Contractors) (CRAEAEAG), Manufacturing & Operations Excellence (Lean/Six Sigma) (BPAHAHAC)

Keywords

• Used packaging equipment
• Processing equipment sales
• Industrial asset recovery
• MRO spare parts
• Equipment appraisal services

Headquarters

HQ city

Evansville

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Equipment Sales: One-time sales of new and used packaging and processing equipment. SIGMA Equipment is a top 5 buyer and seller of pre-owned packaging, processing, and support equipment with over 15,000 active equipment listings.
2. Equipment Rentals: Rental of equipment for short or long-term periods with flexible terms. Monthly rental payments can be applied to purchase price if customer decides to buy.
3. MRO and Spare Parts Sales: E-commerce sales of automation, electrical, and industrial parts with same-day shipping. Parts come with 2-year warranties.
4. Auction Services: Consignment auction services for used equipment. SIGMA hosts both facility and remote consignment auctions, earning commissions on successful sales.
5. Equipment Appraisals: Certified appraisals and valuations for equipment providing USPAP-compliant reports for banks, finance companies, accounting firms, and corporations.
6. Asset Recovery and Management: Full-service asset management including redeployment, reconditioning, resell, and recycling services. SIGMA Recovery charges for logistics and handling services.
7. Processing and Packaging Line Integration: Custom engineering solutions combining new and used equipment into turnkey processing and packaging lines. Includes project management, control panel building, and field support.
8. Electronics Recycling and ITAD: C&I Electronics provides data destruction, IT asset management, remarketing, and on-site collection services with R2v3 certification.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels8 records

Core offering

SIGMA Group operates seven specialized divisions that buy, sell, rent, integrate, appraise, auction, and recycle packaging and processing equipment for manufacturing businesses. Its core revenue drivers are used equipment sales (15,000+ active listings), MRO spare parts e-commerce, and asset recovery managed services. The platform-plus-services model also provides turnkey processing line integration, certified USPAP-compliant appraisals, consignment auctions, and R2v3-certified electronics recycling/ITAD.

Product overview

SIGMA Group is a multi-division industrial equipment and services company operating a platform-plus-services model across seven divisions. The core offerings include: SIGMA Equipment (new and used equipment buying/selling/renting), SIGMA Surplus (MRO spare parts eCommerce), SIGMA Integration (turnkey processing and packaging line engineering), and SIGMA Recovery (cloud-based asset management with storage and recovery services). Supporting divisions include SIGMA Auction (consignment auctions), SIGMA Appraisal (equipment valuations), and C&I Electronics (ITAD and electronics recycling). The divisions operate collaboratively, enabling customers to source equipment, manage idle assets, integrate production lines, obtain valuations, and recycle components through a single organizational relationship.

Differentiator

Problem solved

Functional benefit

Products and services

• SIGMA Equipment Pre-owned equipment dealer for packaging and processing industries, founded in 2003, with over 15,000 active equipment listings. Buys, sells, and rents used equipment and serves as a top 5 buyer and seller of pre-owned packaging, processing, and support equipment in North America. Targets manufacturing businesses across food and beverage, consumer packaged goods, pharmaceuticals, and plastics.
• SIGMA Surplus MRO and spare parts e-commerce platform that buys and sells automation, electrical, and industrial parts with same-day shipping and 2-year warranties. Offers parts from brands including Allen Bradley, Banner, and Leeson through three selling programs: crate, lot purchase, and on-site visit. Targets industrial maintenance teams and MRO procurement functions.
• SIGMA Integration Engineering and installation of turnkey processing and packaging lines, combining new and pre-owned equipment. Provides mechanical and electrical design, control panel building, project management, and field support services to manufacturing operations commissioning new lines or upgrading existing ones.
• SIGMA Recovery Full-service asset management program combining proprietary cloud-based inventory software, centralized equipment storage, and support services including redeployment, reconditioning, resell, and recycling. Features a 50,000 square-foot retooling shop, 5,000 square-foot wash bay, climate-controlled storage with 24/7 security, and equipment redeployment within 48 hours of request approval.
• SIGMA Auction Online and facility consignment auction service for buying and selling used packaging and processing equipment. Offers Facility Consignment Auctions for immediate space freeing and Remote Consignment Auctions for seller-stored equipment. Earns commissions on successful sales. Connects thousands of buyers and sellers across industry sectors.
• SIGMA Appraisal Certified equipment valuation and appraisal services providing USPAP-compliant reports using 20+ years of accumulated industry data. Offers desktop appraisals, onsite appraisals, and pricing services for banks, financial institutions, accounting firms, and corporations needing certified valuations for asset-based lending, M&A, purchase price allocation, and insurance purposes.
• C&I Electronics R2v3-certified electronics recycling facility offering IT Asset Disposition (ITAD) services including secure data destruction, IT asset management, remarketing, and on-site collection. Subject to annual third-party audits to guarantee data protection for clients disposing of IT assets.

Quantifiable outcome

• Second-largest new and used equipment dealer in North America
• +6 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and strategic.

• PMMI (The Association for Packaging and Processing Technologies)coreGTM or Marketing Partner · 15 October 2024SIGMA Group joined PMMI to gain access to valuable insights, networking opportunities, and industry resources. PMMI membership enhances SIGMA's ability to deliver turnkey solutions by staying connected with industry trends and technology advancements. This membership strengthens their position as a leader in processing and packaging equipment solutions.
• University of Southern Indiana (USI)strategicStrategic or Co-development Partner · 25 April 2022SIGMA Surplus partnered with USI's Pott College of Science, Engineering, and Education for an engineering project where students built test benches for upcoming SIGMA Surplus repair services. Two USI student interns developed state-of-the-art test benches and procedures to certify common automation components. This partnership provided real-world engineering experience while supporting SIGMA's new testing and repair service expansion.

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Aaron Equipment Company: Aaron Equipment Company is one of the largest used industrial equipment dealers in North America, buying and selling processing, packaging, and support equipment. It is directly comparable to SIGMA Equipment in product category, target buyer (manufacturers across food, pharma, chemicals), and dealer model.
• Loeb Equipment & Appraisal: Loeb Equipment is a Midwest-based used equipment dealer and certified appraiser serving food, pharmaceutical, and chemical manufacturers. It is comparable to SIGMA Equipment and SIGMA Appraisal for both inventory breadth and USPAP-compliant appraisal services.
• EquipNet: EquipNet operates an online marketplace for used industrial equipment and asset disposition services, with a focus on redeployment, resale, and appraisal. It mirrors SIGMA's multi-division approach combining marketplace, recovery, and appraisal under one platform.
• Perry Videx: Perry Videx is a global dealer of used processing and packaging equipment with a long-standing inventory spanning chemical, food, pharmaceutical, and plastics applications. It competes head-to-head with SIGMA Equipment on used equipment listings and serves a similar enterprise manufacturing customer base.
• Federal Equipment Company: Federal Equipment Company is a US-based used industrial equipment dealer and auctioneer serving pharmaceutical, chemical, food, and plastics manufacturers. It overlaps directly with SIGMA's equipment sales, auction, and appraisal offerings for similar customer segments.

Emerging players

• Tiger Group: Tiger Group is an asset disposition and valuation firm conducting auctions and appraisals of industrial and commercial assets. It overlaps with SIGMA Auction and SIGMA Appraisal for mid-market and enterprise disposition engagements.
• Bid on Equipment: Bid on Equipment is an online marketplace and auction platform for used industrial equipment. It is comparable to SIGMA's e-commerce and auction divisions as an emerging digital marketplace serving MRO and equipment buyers.

Broad incumbents

• Heritage Global Partners: Heritage Global Partners is an established industrial auction and asset advisory firm serving large enterprise dispositions across multiple asset categories. It overlaps with SIGMA Auction and SIGMA Appraisal at the high end of enterprise asset disposition engagements.
• Liquidity Services: Liquidity Services operates one of the largest online marketplaces for surplus assets, including industrial MRO, capital assets, and consumer goods. It is a broader incumbent competing with SIGMA Surplus and SIGMA Auction for enterprise surplus liquidation programs.
• Gordon Brothers: Gordon Brothers is a global advisory and investment firm specializing in inventory, equipment, and asset disposition across industries. It is comparable to SIGMA's recovery, auction, and appraisal services as a broader, well-capitalized incumbent in asset disposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights2 records

Customer concentration

• YouTubeyoutube.com/@sigma_equipment
• Facebookfacebook.com/TheSIGMAGroup
• LinkedInlinkedin.com/company/thesigmagroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 records

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 SIGMA Group