HGBL News & Events

Heritage Global "announced the official opening of its new headquarters in San Diego, marking a milestone in the company's expansion. The approximately 18,000-square-foot property, acquired in February 2025, underwent a comprehensive, year-long transformation. The project included a complete architectural redesign, a significant expansion of office capacity, and full modernization of the warehouse. The result is a purpose-built facility engineered to accelerate growth, increase operating efficiency, and enhance client service capabilities."

Heritage Global announced that a wholly owned subsidiary of the Company, Heritage DebtX LLC, has acquired substantially all of the assets of The Debt Exchange in an all-cash transaction valued at approximately $8.5M. DebtX is a full-service loan sale advisor with a more than 20-year history of selling performing and non-performing commercial and industrial, commercial real estate, multifamily, and residential real estate loans. This acquisition was contractually effective on January 1, 2026. Following the acquisition, DebtX will continue to be managed by its existing senior leadership team through Heritage DebtX and will ultimately be led by DebtX co-founder, Bruce Hounsell, who will be joining Heritage DebtX later this month.

Heritage Global Chief Executive Officer Ross Dove commented, "Our first quarter results delivered a solid start to the year, with continued profitability and a strong balance sheet. Heritage remains well positioned in the current economic environment which is driving an increased level of equipment and asset auctions as well as increases in charged off credit cards and non-performing consumer loans. 2025 got off to a slower start than we anticipated, however our pipeline grew throughout the quarter with a particularly strong March, positioning us well for our expectation of sequential improvement in Q2 and increasing confidence in a strong 2025. Our balance sheet includes a sufficient amount of available cash and net working capital of almost $15 million, providing us the flexibility to pursue our M&A strategy as well as to opportunistically stay active in our share buyback program."