What Hilco Trading, LLC does

Hilco Global is a diversified financial services platform founded in 1987 by Jeffrey B. Hecktman and headquartered in Northbrook, Illinois, operating across four continents with 810+ professionals possessing expertise in 36+ industries. The company is structured as a holding company with 20+ specialized business units organized into Capital Solutions (asset-based lending, real estate credit, retail/commercial-industrial disposition, IPv4 brokerage, receivables, and real estate brokerage), Professional Services (enterprise valuation, diligence, inventory/M&E appraisal, dispute advisory, geopolitical advisory, cybersecurity advisory, investment banking, and turnaround consulting), and Real Estate (appraisal, asset management, brokerage, and receivership). Revenue is generated through five primary streams: professional services fees for valuation and advisory work, transaction fees on asset monetization and dispositions, interest/fee income from asset-based lending via Hilco Global Asset Management (HGAM) with deal sizes up to $300MM+ and hold capacity up to $100MM+, transaction fees in receivables management, and managed services for real estate capital via Hilco Real Estate Capital (HREC).

The firm combines advisory expertise with principal capital deployment, enabling it to deliver integrated solutions for clients during stress, transition, monetization, and growth events. Technology infrastructure includes a proprietary machine learning asset valuation platform that provides real-time valuations of retail and consumer goods inventory, an online auction marketplace for IPv4 addresses operated by subsidiary IPv4.Global, and embedded technology supporting 10,000+ real estate appraisals representing $10B+ in valuation work and $3B+ in asset sales. Notable client engagements have included store closings and liquidations for JCPenney and Pier 1 Imports, restructuring work for SunPower, real estate disposition for WeWork, and ongoing asset valuation/advisory relationships with major financial institutions including US Bank, Wells Fargo, Bank of America, JP Morgan, and Citibank.

Following the September 2025 acquisition of a 70% equity stake by ORIX Corporation USA (with Hilco leadership retaining 30%), Hilco Global now operates as a subsidiary within the ORIX Group while maintaining its independent brand, operating model, and management structure, gaining access to ORIX's global balance sheet and asset-management platform. The company traces its lineage from a 1987 restructuring advisory for the founder's family industrial supply business, expanding through the 2000s with new service lines and geographic presence, rebranding to Hilco Global in 2015, and previously holding a minority equity partnership with CDPQ from 2019 until its mutual unwind in 2024. Its go-to-market relies on enterprise field sales, direct engagement with corporate clients and financial institutions, and referral networks through restructuring advisors, law firms, and investment banks.

Name

Hilco Trading, LLC

Legal name

Hilco Global

Website

https://hilcoglobal.com

Company type

Private

Founded year

1987

Operating status

Operating

Short description

Hilco Global is a diversified, Northbrook-based financial services firm operating 20+ business units delivering valuation, monetization, advisory, and capital solutions—including asset-based lending and real estate credit—across 36+ industries and four continents, serving corporations, financial institutions, and private equity clients. Now a 70%-owned subsidiary of ORIX Corporation USA.

Ownership category

akta.pro rank

Product category

Asset Advisory and Financial Services

NAICS

Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Services-Management Consulting Services (8742), Real Estate Agents & Managers (For Others) (6531), Security Brokers, Dealers & Flotation Companies (6211), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Private Client/High-Net-Worth Advisory (FSAEAAAN)

Keywords

• Asset valuation services
• Asset monetization
• Restructuring advisory
• Asset-based lending
• Real estate capital

Headquarters

HQ city

Northbrook

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Services Fees: Valuation and advisory services including enterprise valuation, diligence services, inventory/M&E appraisal, dispute advisory, investment banking, and turnaround consulting. Delivered as consultative professional services.
2. Asset Monetization & Disposition: Monetization services across retail, wholesale, commercial industrial, real estate, and IP industries through asset sales, auctions, and structured disposition processes.
3. Asset-Based Lending & Credit Solutions: Hilco Global Asset Management (HGAM) provides asset-based loans and asset purchases, generating interest income and fees from flexible credit solutions including senior revolving lines, term loans, FILO loans, and DIP financing.
4. Receivables Management: Accounts receivable management solutions including portfolio monetization, non-performing loan purchases, and charged-off consumer debt purchasing.
5. Real Estate Capital: Real estate credit platform providing opportunistic financing for transitional assets across the U.S. and Canada, including bridge loans, mezzanine debt, and debtor-in-possession financing.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Hilco Global is a diversified financial services firm that combines asset valuation, monetization, advisory, and capital solutions across retail, commercial industrial, real estate, intellectual property, and financial services sectors. The company deploys capital alongside professional advice through more than 20 specialized business units, delivering services such as enterprise valuation, machinery and equipment appraisal, asset disposition, going-out-of-business sales, asset-based lending, real estate financing, and restructuring/turnaround consulting to corporations, lenders, and institutional investors.

Product overview

Hilco Global is a diversified financial services company operating as a platform of distinct business units under a unified brand, offering integrated professional services and capital solutions. The company is organized into three primary divisions: Capital Solutions (including Hilco Global Asset Management, Hilco Real Estate Capital, Commercial-Industrial, Consumer Retail, FF&E, IPv4.Global, Real Estate Brokerage, and Receivables), Professional Services (including Enterprise Valuation, Diligence Services, Inventory/M&E Appraisal, Dispute Advisory, Geopolitical Advisory, Global Cyber Advisors, and Enterprise Value Transformation), and Real Estate. The platform combines advisory expertise with capital investing capabilities to deliver valuation, monetization, and advisory services to clients across retail, commercial industrial, real estate, manufacturing, brand, and intellectual property sectors.

Differentiator

Problem solved

Functional benefit

Brands

• HRP Group: Hilco Redevelopment Partners - real estate platform for acquiring and remediating old industrial manufacturing facilities and developing them into new and green uses.
• Illume

Products and services

• Hilco Global Asset Management (HGAM)
• Hilco Real Estate Capital (HREC)

Quantifiable outcome

• 10,000+ appraisals representing $10B+ in value completed by real estate team
• +3 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered notable, minor and core.

• White Oak Commercial FinancenotableStrategic or Co-development PartnerWhite Oak Commercial Finance and Hilco Global co-provided a $192MM senior secured credit facility for Royal Cup Coffee and Tea, demonstrating collaborative lending relationships.
• Siena Lending GroupnotableStrategic or Co-development PartnerSiena Lending Group and Hilco Global closed a $130 million strategic financing with Panavision, working together on complex structured financing transactions.
• Onyx Asset AdvisorsminorStrategic or Co-development PartnerHilco Global and Onyx Asset Advisors jointly announced bankruptcy sales of Class A office buildings and retail centers near West Virginia University.
• ORIX Real Estate Solutions (REIS)coreStrategic or Co-development PartnerHREC leverages ORIX USA's institutional infrastructure including national credit, portfolio management, and asset management teams, as well as $8B in CRE bridge, mezzanine, and construction investments since 2015.

Scale indicators8 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Liquidity Services: Liquidity Services operates an online marketplace for surplus and returned merchandise, capital assets, and industrial equipment — directly competing with Hilco's Commercial-Industrial and FF&E monetization businesses. Both firms monetize assets via auction marketplaces for Fortune 1000 sellers and government clients.
• Tiger Group: Tiger Group is a direct peer specializing in asset disposition, retail liquidation, machinery and equipment appraisal, and industrial auctions. It overlaps with Hilco's Commercial-Industrial, Consumer Retail, and Inventory/M&E Appraisal practices, serving similar distressed and reorganization clients.
• Siena Lending Group: Siena Lending Group is an asset-based lender focused on senior secured financing for mid-market companies, competing directly with HGAM. Siena and Hilco have co-provided structured financings (e.g., $130MM facility for Panavision), highlighting both their overlap and collaborative lending activity.
• White Oak Commercial Finance: White Oak Commercial Finance is an asset-based lender that competes with Hilco Global Asset Management (HGAM) for senior secured credit facilities, ABL, and DIP financings. Hilco and White Oak have even co-lent together (e.g., $192MM facility for Royal Cup Coffee), illustrating both their competition and partnership.
• Gordon Brothers: Gordon Brothers is the closest direct peer to Hilco Global, providing asset valuation, retail liquidation, commercial-industrial disposition, and capital solutions across a similar client base. Both firms compete head-to-head in retail store-closing sales, inventory monetization, and brand/IP valuation for distressed and going-concern engagements.

Broad incumbents

• B. Riley Financial: B. Riley Financial is a broad incumbent operating across financial advisory, restructuring, asset management, and capital markets through subsidiaries including B. Riley Advisory Services and GlassRatner. It overlaps with Hilco's restructuring, valuation, dispute advisory, and private credit businesses as a larger, publicly traded alternative.
• FTI Consulting: FTI Consulting is a broad incumbent in restructuring, corporate finance, economic consulting, and dispute advisory. It competes with Hilco's Dispute Advisory, Restructuring, and Enterprise Valuation practices and serves a similar base of large corporates, lenders, and legal advisors.
• Alvarez & Marsal: Alvarez & Marsal is a global professional services firm specializing in turnaround consulting, restructuring, and performance improvement. It directly competes with Getzler Henrich (a Hilco subsidiary) and Hilco's broader Enterprise Value Transformation practice, serving many of the same large corporates and lenders.
• Kroll (formerly Duff & Phelps): Kroll, which acquired Duff & Phelps, is a global valuation, corporate finance, and investigations firm that competes directly with Hilco's Enterprise Valuation, Diligence Services, and Dispute Advisory businesses. Both firms serve lenders, investment firms, and corporations needing independent valuations and special situations expertise.

Emerging players

• Huron Consulting Group: Huron Consulting Group provides financial advisory, restructuring, and operational consulting services to large enterprises, overlapping with Hilco's Enterprise Value Transformation, Restructuring, and Diligence practices. It represents a publicly traded alternative for clients seeking a single advisory firm across restructuring and performance improvement.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/HilcoGlobal
• Facebookfacebook.com/HilcoGlobal
• LinkedInlinkedin.com/company/hilcoglobal
• Instagraminstagram.com/hilcoglobal

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries10 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 Hilco Trading, LLC