Heritage Global Inc. (“HG”) (NASDAQ: HGBL) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, charged-off accounts receivable portfolios, through its two business units: Industrial Assets and Financial Assets.
Heritage Global is one of the many featured companies slated to present at The Microcap Conference 2024, set for Jan. 31-Feb. 1 at Caesars Atlantic City Hotel and Casino. This three-day conference presented by DealFlow Events features technical programming designed for microcap investors and a presenting company track for pitching and socializing.
The company consistently posts strong net operating income and profitability due to its unique business model which works well in all economic cycles, with over $60 million of NOLs potentially offsetting income tax on future earnings.
The leadership team has tremendous bench strength and depth, bringing over 200 years of collective industry experience in both industrial & financial asset transactions.
Heritage Global is proud to be a key participant in several growth industries which are expanding in the current climate. They attribute their success to an unwavering commitment to providing unparalleled solutions that align ideally with the current market demands. As industry leaders, they understand the importance of staying ahead of the curve and constantly evolving to meet the ever-changing needs of their clients.
“We’re experiencing tailwinds related to rising consumer spending, with accelerating defaults and charge-offs leading to an increase in financial assets sales volume,” says CEO Ross Dove. “With these tailwinds propelling us forward, we are the right company with the right solutions at the right time.”
Years of hard work, development of customer relationships and industry knowledge are all coming together.
A brief history of Heritage Global
Today’s Heritage Global Inc. was established 12 years ago, but the company has a rich history that dates back almost 90 years to its predecessor auction company. Current management includes family members who represent the fourth generation of leadership, poised to guide the company as it moves forward.
Strong corporate culture
Heritage Global Inc. is extremely proud to have fostered a deeply loyal and committed company culture that spans across all levels of the organization. Low attrition rates in key positions speak volumes about their employees’ dedication and satisfaction with their roles and contributions at Heritage Global.
“We are fortunate to have a next generation of leaders who are ready and eager to carry on our long-standing legacy,” Dove says. Further, the board of directors brings extensive industry experience in the financial and industrial asset markets, and all align with the core values and mission of HG. “Operating with soul and purpose is at the heart of everything we do,” says Dove. “Together, we strive toward continued success and growth for HG as we navigate the ever-evolving business landscape.”
Looking to the future
“An advantageous characteristic of Heritage Global Inc. is that we are a highly transactional company, consistently posting all relevant events and developments in real time,” says Dove. “This transparency ensures that our progress is not only tangible but also readily accessible for all stakeholders to track and monitor.”
Tickets to the inaugural Microcap Conference 2024 are going fast. Reserve your seat now for three days of unsurpassed networking and technical discussions of the microcap sector with some of the best names in the business – institutional investors, finance-focused law firms, venture and private equity fund managers, deal advisors, PIPE funds, brokerage firms, investor relations professionals, accredited retail investors and many more. The conference schedule is also packed with entertainment and exciting activities set against the backdrop of Atlantic City’s bright lights.
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