Orange County, CA Achieves $15 Million in Online Surplus Sales Through GovDeals Partnership
June 20 2024 - 8:25AM
Orange County, California has produced over $15 million in sales
revenue through surplus property auctions held on GovDeals, the
leading online marketplace for government agencies, educational
institutions, and related agencies to sell surplus assets.
According to Neil Jessen, the Surplus Program Manager for Orange
County, “GovDeals’ automated system has revolutionized the county’s
surplus management process. By seamlessly integrating automation,
it has facilitated a more efficient reallocation of items to
various county departments, schools, local municipalities, and
non-profit organizations. The extensive network of bidders on
GovDeals ensures that the county maximize the value of surplus
assets, providing higher returns and maintaining fiscal
responsibility throughout the disposal process.”
Orange County is committed to not only being fiscally
responsible with its budget and assets but environmentally
conscious as well. Diverting reusable assets from landfills
protects the environment by reducing the demand for timber, metals,
plastics, and fabrics, reducing carbon emissions produced during
manufacturing and disposal.
“If we can find another entity to repurpose our assets and
extend their useful life, we keep them out of our landfills, and
contribute to a circular economy, while preserving natural
resources and our environment. Landfill space is a precious
commodity we value and need to maintain,” said Deputy Director of
Sustainability for OC Waste & Recycling Tara Tisopulos.
Orange County has primarily used GovDeals for surplus vehicle
and heavy-duty construction equipment sales. The county first began
listing on GovDeals’ virtual auction platform in February 2016,
conducting over 2,400 successful auction sales since that time.
Final sale prices have ranged from $6 for a 2017 Ford Explorer
police car to $115,600 for a Caterpillar D9T Dozer.
“GovDeals is proud to have helped Orange County achieve this
milestone and to consistently provide a platform for government
offices to turn surplus sales from an administrative headache to a
convenient avenue for revenue generation,” said GovDeals Vice
President of Revenue Michael Price. “The GovDeals model saves time
and puts essential government funding back into the hands of the
clients we serve.”
In the last 12 months alone, Orange County has achieved over $1
million in surplus auction sales. New auctions can be found
regularly on GovDeals, with the county planning to continue its
partnership into the foreseeable future. New bidder registrations
can be completed at GovDeals.com/Register.
“With a County as large as ours, there will always be a need to
dispose of surplus items,” said Jessen. “We look forward to our
continued partnership with GovDeals.”
About GovDeals
GovDeals is the world’s leading marketplace for
surplus government and educational assets, ranging from heavy
equipment and transportation to industrial machinery and real
estate. The platform specializes in surplus disposition technology,
partnering with government agencies and related entities to sell
"as is, where is" surplus equipment and materials in a transparent
fashion. Sellers can directly launch and manage their listings in
just days with more control and lower fees than traditional auction
solutions. Buyers have direct access to all the surplus assets
across Liquidity Services’ network of marketplaces in one
centralized location. GovDeals is powered by Liquidity Services
(NASDAQ:LQDT), one of the most experienced and trusted companies
supporting millions of customers in the circular economy across the
globe.
Contact:
Angela Jones, GovDeals
(334) 301-7823
ajones@govdeals.com
Liquidity Services (NASDAQ:LQDT)
Historical Stock Chart
From May 2024 to Jun 2024
Liquidity Services (NASDAQ:LQDT)
Historical Stock Chart
From Jun 2023 to Jun 2024