Liquidity Services (LQDT) closed the acquisition of Auction Holdings, which operates the Invaluable marketplace and AuctionZip, for a base purchase price of $80 million, it said late Thursday.
The acquisition of Auction Holdings expands Liquidity Services' global footprint in collectibles, fine art and antiques, according to a statement.
The company said this transaction is expected to be accretive to its fiscal 2027 earnings per share.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.