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Miami-Dade County, FL Renews Partnership with GovDeals to Conduct Surplus Auctions

1. Miami-Dade County launches online surplus auctions on GovDeals. 2. Auctions include seized vehicles, industrial equipment, and office items. 3. Miami-Dade has generated over $36 million from auctions since 2015. 4. GovDeals, powered by LQDT, simplifies surplus asset sales. 5. Upgrade to online auctions increases efficiency and market reach.

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FAQ

Why Bullish?

Increased auction activity via GovDeals can lead to higher revenues for LQDT, similar to past trends from government partnerships that boosted stock prices.

How important is it?

The article highlights operational successes directly related to LQDT's core business, increasing relevance and market interest.

Why Long Term?

As online auctions grow, LQDT’s consistent performance in this sector can bolster market position over the coming years.

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MIAMI, May 21, 2025 (GLOBE NEWSWIRE) -- Miami-Dade County has begun conducting a series of online surplus auctions on GovDeals, the leading marketplace for government agencies to sell vehicles, equipment and other surplus assets. Available auctions include seized vehicles, industrial equipment and office items. “There are many benefits to conducting these auctions online, with increased efficiency and accessibility being the big ones,” said Miami-Dade County Property and Materials Supervisor Barbara Lopez. “Being online opens the bidding process up to a much wider audience than we could reach otherwise, which greatly increases the chances we can sell our surplus.” Prospective bidders can view available auctions exclusively on GovDeals. All items are available for inspection Monday through Friday at the Miami-Dade County Store facility with no appointment needed. Miami-Dade County first began conducting online surplus sales on GovDeals in 2015. Since that time, the county has successfully generated over $36 million in auction proceeds. “GovDeals strives every day to provide a platform that makes auctions simpler for both buyers and sellers,” said GovDeals Vice President of Revenue Michael Price “We are proud to work with Miami-Dade County year after year to sell any surplus item they bring our way, whether that be a deluxe vehicle or a stapler.” To bid on available properties or any assets on GovDeals, interested parties must first create an account and complete a free registration form. 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 assets, 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.

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