---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-000535"
form_type: "8-K"
ticker: "LQDT"
cik: "0001235468"
company_name: "LIQUIDITY SERVICES INC"
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:31:30.407243+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Liquidity Services acquires Sierra Auction for $13.5M cash to expand SW US municipal surplus market

## Summary
- Purchase price of $13.5 million paid in cash at closing, subject to working capital adjustment.
- Sierra Auction is sole auction outlet for seized/forfeited assets from prominent Arizona state and county agencies.
- Acquisition expected to be accretive but not material to Liquidity Services' FY2024 results.
- Sierra's management team and employees to be retained post-transaction.
- Sierra hosts largest weekly public online auctions in Arizona; specializes in vehicles, equipment, and surplus.

## SEC filing metadata
- accession: 0000950170-24-000535
- form_type: 8-K
- ticker: LQDT
- cik: 0001235468
- company_name: LIQUIDITY SERVICES INC
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1235468/000095017024000535/0000950170-24-000535-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1235468/000095017024000535/lqdt-20240103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-000535
- JSON: https://secwatch.observer/filing/0000950170-24-000535.json
- Plain text: https://secwatch.observer/filing/0000950170-24-000535.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.