Heritage Global Inc (HGBL)

Heritage Global Inc., together with its subsidiaries, engages in the asset liquidation business. Its asset liquidation business consists primarily of the auction, appraisal, and asset advisory services; accounts receivable brokerage services; mergers and acquisitions advisory services; and the purchase and sale, including at auction, of industrial machinery and equipment, real estate, inventories, accounts receivable, and distressed debt. The company also provides value-added capital and financial asset solutions, such as auction and appraisal services, and traditional asset disposition sales, as well as specialty financing solutions to investors in charged-off and nonperforming asset portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global Inc. in August 2013. Heritage Global Inc. was incorporated in 1983 and is headquartered in San Diego, California.