Heritage Global Partners Acquires American Laboratory Trading
08/23/21, 8:16 PM
Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services, and a subsidiary of Heritage Global Inc. (Nasdaq: HGBL) today announced that it has, through an affiliate, acquired substantially all of the assets of American Laboratory Trading (“ALT”), one of the largest suppliers of premium refurbished lab equipment in North America and a key provider of surplus asset services for the life sciences. HGP also acquired the building and property at 12 Colton Road in East Lyme, Connecticut that ALT currently occupies. ALT’s headquarters and operations will remain in East Lyme under the continued leadership of Jayson Bernstein, President of ALT. The acquisition greatly enhances HGP’s position and reach in the biotech sector as well as its footprint in New England and the Boston biotech community.
Company Info
Company info
Heritage Global Inc. (NASDAQ: HGBL) is an asset services company specializing in financial and industrial asset transactions. The company provides a full suite of services including market making, acquisitions, dispositions, valuations and secured lending. Heritage Global focuses on identifying, valuing, acquiring and monetizing underlying tangible and intangible assets across twenty-eight global sectors. The company acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, accounts receivable portfolios, intellectual property, and entire business enterprises.