Liquidity Services Expands GovDeals and Machinio; Targets $2B GMV
Most GMV is sold via consignment, with Liquidity Services collecting buyer payments, keeping its commission, and remitting the rest. GovDeals serves state and local governments and municipalities; the marketplace model now extends into real estate for commissioned sales. Machinio, acquired in 2017, has grown into subscription software for dealers and plans transactional payment services, aiming for $2B GMV and $100M EBITDA.