Liquidity Services Wins Another US DoD Surplus Stock Contract
Wholesale marketplace Liquidation.com's parent company has won another huge contract to sell surplus stock from the US Department of Defense.
The 24-month contract is to manage the receipt, storage, marketing and sale of all usable non-rolling stock surplus from military bases in the US and overseas territories. Liquidity Services will pay the DoD 4.35% of DoD's original acquisition value (OAV). The stock will be offered for sale through www.govliquidation.com.
"We are excited to build on our 14-year relationship with DLA and to continue this relationship to securely sell the majority of surplus assets generated by the DoD across the United States, Puerto Rico, the U.S. Virgin Islands and Guam," said Bill Angrick, Chairman and CEO of Liquidity Services. "Our deep experience in processing and selling over 240 million surplus items for the DoD will enable us to continue to provide innovative solutions to our agency partner while enhancing value for these items by integrating our sales with the General Services Administration's official government sales portal which will add to our base of over 2.6 million buyers seeking surplus assets on our marketplace platform."
Source: Liquidity Services Inc