Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Liquidity Services, Inc. is a global operator of e-commerce marketplaces that enable the disposition of surplus, returned, and end-of-life assets. The company operates primarily within the reverse supply chain, asset recovery, and secondary market industries, providing solutions that help organizations monetize underutilized inventory while supporting sustainability and circular economy objectives. Its platforms serve both sellers seeking efficient asset disposition and buyers looking for discounted goods across a wide range of categories.
The company’s primary revenue drivers are transaction-based marketplace services, value-added logistics and refurbishment services, and long-term disposition contracts. Liquidity Services serves commercial enterprises, retailers, manufacturers, and public sector entities, including government agencies. Founded in 1999, the company initially focused on government surplus auctions and expanded over time through organic growth and acquisitions into a diversified global marketplace operator with both commercial and public sector offerings.
Business Operations
Liquidity Services generates revenue through several operating segments centered on online marketplaces and managed services. Its core business units include GovDeals, Liquidation.com, RSCG (Retail Supply Chain Group), and AllSurplus, each targeting different seller and buyer segments. These platforms facilitate auctions and direct sales of consumer goods, industrial equipment, heavy machinery, and government surplus assets, with fees earned from sellers, buyers, or both depending on the contract structure.
Operations are conducted across domestic and international markets, supported by proprietary marketplace technology, data analytics, and logistics capabilities. The company also provides services such as inventory valuation, refurbishment, compliance management, and transportation coordination. Liquidity Services maintains long-term relationships with large retailers, manufacturers, and government entities, and operates through wholly owned subsidiaries rather than material joint ventures.
Strategic Position & Investments
Liquidity Services’ strategy focuses on expanding marketplace scale, deepening enterprise relationships, and increasing the mix of higher-margin service-based contracts. Growth initiatives include onboarding large retailers and manufacturers to multi-year disposition programs, enhancing digital marketplace functionality, and leveraging data to improve recovery rates for sellers. The company has emphasized sustainability as a strategic differentiator, positioning its platforms as tools for waste reduction and asset reuse.
Historically, Liquidity Services has pursued selective acquisitions to broaden its marketplace portfolio and customer base, including the acquisition of GovDeals and AllSurplus, which strengthened its presence in the public sector and industrial asset markets. The company continues to invest in marketplace technology, pricing analytics, and cross-platform integration to improve buyer liquidity and seller outcomes. Public disclosures indicate no material investments in unrelated industries outside its core asset recovery focus.
Geographic Footprint
Liquidity Services is headquartered in North America, with its principal executive offices in the United States. The company operates marketplaces that serve buyers and sellers across North America, Europe, and parts of Asia-Pacific, with international operations supporting both commercial and government clients. Its platforms enable cross-border transactions, allowing global buyers to access surplus assets from multiple regions.
Internationally, the company maintains operational teams and infrastructure in key markets to support sourcing, compliance, and logistics. While the majority of revenue has historically been generated in the United States, international markets represent an important component of its growth strategy, particularly in commercial retail and industrial asset disposition.
Leadership & Governance
Liquidity Services was founded by William P. Angrick III, who played a central role in shaping its marketplace-based business model and long-term strategic vision. The company emphasizes disciplined capital allocation, technology-enabled marketplaces, and customer-centric asset recovery solutions. Governance is overseen by an independent board of directors, consistent with U.S. public company standards.
Key members of the current leadership team include:
- William P. Angrick III – Chairman of the Board and Chief Executive Officer
- Paul J. Jaminet – Chief Financial Officer
- John Daunt – Chief Operating Officer
- Russell Benaroya – Chief Technology Officer
- Steven Miller – Chief Marketing Officer