Liquidity Services closes $80M cash acquisition of Auction Holdings (Invaluable, AuctionZip)

LIQUIDITY SERVICES INC

Base purchase price $80M cash on a debt-free, cash-free basis, funded with cash on hand; $9.4M deposited into escrow for indemnification and downward purchase-price adjustments.
Target operates Invaluable, AuctionZip and RFC Auction Systems; ~4 million registered bidders and more than $500M of gross merchandise sales in FY ended December 31, 2025.
Liquidity Services expects the deal to be accretive to GAAP and Non-GAAP Adjusted Diluted EPS in FY27; Invaluable targets the $10B+ collectibles, art and antiques market.
Escrow portions scheduled for release after the 12-month and three-year anniversaries; key employees signed 12- or 24-month noncompete/non-solicitation agreements.
Invaluable's leadership team, including CEO Brett Malone, is expected to remain post-close; Malone cited AI, shipping and payments roadmap expansions.

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