Heritage Global Inc. (NASDAQ:HGBL)

Heritage Global Inc., through its subsidiaries, engages in the asset liquidation business. It provides auction, appraisal, and asset advisory services; mergers and acquisitions advisory services for financially distressed businesses and properties; and accounts receivable brokerage services, as well as purchases and sells industrial machinery and equipment, real estate, inventories, accounts receivable, and distressed debts. The company also arranges traditional asset disposition services, such as commissions from online and Webcast auctions, liquidations, and negotiated sales; and offers equity method investment services, as well as monetization solutions. It serves oil and gas, mining, drilling, solar, construction, and rental equipment sectors. Heritage Global Inc. was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global Inc. in August 2013. The company was founded in 1983 and is headquartered in San Diego, California. Heritage Global Inc. is a subsidiary of Counsel Communications LLC.