GoIndustry DoveBird

About GoIndustry DoveBird

GoIndustry DoveBid operates as a global marketplace for the management and sale of surplus industrial assets. The company's foundation dates back to 1999, established by Alex Hoye and David Nahama. The business model is centered on providing comprehensive services for surplus assets, including industrial auctions, private treaty sales, and valuation services. It serves a diverse client base, from small and medium-sized enterprises to Fortune 1000 corporations across more than 500 industries, such as manufacturing, pharmaceutical, aerospace, and transportation. Revenue is generated by facilitating the sale of a wide variety of industrial equipment and machinery through its online auction platform, go-dove.com.

A significant milestone in the company's history was the acquisition of DoveBid in 2008, a firm with roots in the auction business since 1937. This merger aimed to create a market-leading position across the United States, Europe, and Asia-Pacific regions. Subsequently, in July 2012, Liquidity Services, Inc. (NASDAQ: LQDT) acquired GoIndustry DoveBid for a total transaction price of approximately $31 million. This acquisition integrated GoIndustry DoveBid into Liquidity Services' broader network, enhancing its capabilities in the reverse supply chain and capital assets marketplace. The deal expanded the client roster to include major corporations like BAE Systems, Bosch, Pfizer, and Ford-Europe.

A core component of GoIndustry DoveBid's offering is AssetZone®, a proprietary, cloud-hosted Software as a Service (SaaS) platform. This system provides clients with full visibility of their capital assets, enabling them to identify idle or underperforming equipment. AssetZone® facilitates internal redeployment, valuation, and strategic sale of these assets through Liquidity Services' marketplaces, thereby helping businesses optimize their return on investment and manage the entire asset lifecycle efficiently. The platform supports various sales methodologies, including online auctions and negotiated private treaty sales for specialized assets or entire production facilities.