Liquidity Services, Inc. Recognized with Corporate Growth Award
D.C. chapter of Association for Corporate Growth (ACG) lauds company for
growth and innovation
WASHINGTON -- April 24, 2013
Liquidity Services, Inc., the leader in the surplus goods marketplace, has
been honored with the Company Growth Award in the over $250M revenue category
by the National Capital Chapter of the Association for Corporate Growth (ACG),
representing the nation’s fourth largest economic center. The ACG is the D.C.
region’s preeminent association for professionals involved in corporate
growth, corporate development, and M&A; its annual awards program recognizes
enterprises and individuals in the D.C. area that have personified excellence
in corporate growth and deal making in the past year.
“The members of ACG National Capital are honored to recognize some of the
region’s most prominent businesses and executives for their excellence in
2012,” said Braun Jones, a partner with Outcome Capital and judge for the
awards. “Selecting winners from this year’s high quality slate of nominees
proved to be quite a challenge. We had the most nominations of non-government
focused companies ever, illustrating the region’s progressing vibrancy and
diversity. Liquidity Services and the other award winners represent one of the
strongest contributors to the D.C.-area’s positive business environment and
In its fiscal year 2012 (FY12), Liquidity Services expanded from 50 to 139
Fortune 1000 corporate clients, strengthening its share and leadership
position in the $150 billion Reverse Supply Chain market.
“2012 was a remarkable year of growth and development for Liquidity Services
as we expanded our share and leadership position globally while generating
outstanding results for our clients and shareholders,” said Bill Angrick,
Chairman and CEO of Liquidity Services. “Our solution uniquely creates
sustainable supply chains for clients by protecting their brand reputation,
reducing costs and increasing revenue recovery through the redeployment and
sale of surplus assets. This award is a tribute to the talent and dedication
of our entire team and we appreciate this esteemed recognition by the ACG.”
Over FY12, Gross Merchandise Volume (GMV) through Liquidity Services’ online
marketplaces was up 55% to a record $864.2 million, adjusted EBITDA increased
109% to a record $110.1 million, operating cash flow increased 31% to a record
$52.1 million, and adjusted diluted EPS increased 77% to a record $1.86.
Liquidity Services’ global buyer base for surplus assets and inventory also
grew by 36% to nearly 2.2 million over the fiscal year.
About Liquidity Services, Inc.
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public
sector agencies, and buying customers the world's most transparent,
innovative, and effective online marketplaces and integrated services for
surplus assets. On behalf of its clients, Liquidity Services has completed the
sale of over $3.5 billion of surplus, returned, and end-of-life assets in over
500 product categories, including consumer goods, capital assets, and
industrial equipment. The company is based in Washington, D.C. and has
approximately 1,300 employees. Additional information can be found at:
Liquidity Services, Inc.
Sultana F. Ali, APR, 202-467-5723
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