D.C. chapter of Association for Corporate Growth (ACG) lauds company
for growth and innovation
WASHINGTON–(BUSINESS WIRE)–Apr. 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 economic performance.”
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: http://www.liquidityservicesinc.com.
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Sultana F. Ali, APR, 202-467-5723