Liquidity Services completes $80 million cash acquisition of Auction Holdings
Liquidity Services completed its acquisition of Auction Holdings, Inc., which operates the Invaluable, AuctionZip and RFC Auction Systems online marketplaces, for a base purchase price of $80 million in cash funded with cash on hand. The company expects the deal to be accretive to GAAP and Non-GAAP Adjusted Diluted EPS in fiscal 2027, but it did not provide a reconciliation and said acquisition-related items could materially affect GAAP results. The filing does not report financial results for the acquired businesses beyond their gross merchandise sales for fiscal 2025.
Key points
- Base purchase price of $80 million in cash, on a debt-free, cash-free basis, subject to customary adjustments, funded with cash on hand
- $9.4 million of cash consideration deposited in escrow for indemnification and downward purchase-price adjustments, with portions scheduled for release after 12 months and three years
- Company expects accretion to GAAP and Non-GAAP Adjusted Diluted EPS in fiscal 2027, without a GAAP reconciliation
- Acquired businesses processed more than $500 million of gross merchandise sales for the fiscal year ended December 31, 2025, and Invaluable's leadership is expected to remain
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.