Core Insights - Sierra Auction has expanded its operations by opening a new location in Montclair, California, marking its first expansion outside Arizona [1][3] - The new facility will serve as the GovDeals Lot, enhancing Sierra Auction's presence in the Southwest [1][3] - This expansion increases Sierra Auction's total locations to three, alongside existing facilities in Phoenix and Tucson [3] Company Overview - Sierra Auction specializes in the sale of vehicles, equipment, and surplus assets for government agencies, commercial businesses, and charity organizations [2][8] - The company operates as a trusted marketplace within GovDeals, which is a subsidiary of Liquidity Services [2][8] Services Offered - The new location allows government and commercial fleet owners in California to sell retired fleet assets with zero commission and zero fees [4] - Auctions are accessible online, providing the general public with opportunities to bid on a variety of items, including vehicles and heavy equipment [5][7] Market Demand - Sierra Auction has experienced a significant increase in demand across various categories, including heavy equipment and passenger vehicles [6] - The company continues to see strong momentum as part of the GovDeals marketplace, reflecting its growth over the past year [6] About GovDeals - GovDeals is recognized as the world's leading marketplace for surplus government and educational assets, facilitating over $15 billion in sales to date [9] - The platform offers a transparent surplus disposition technology, allowing sellers to manage their listings with more control and lower fees compared to traditional auction solutions [9]

Core Insights - The City of Bentonville, AR is resuming virtual auctions for surplus assets in partnership with GovDeals, enhancing efficiency and global reach compared to traditional methods [1][2] - The partnership has generated over $429,000 in sales since its inception, with $142,000 earned in the previous year alone, highlighting the financial advantages of online auctions [2] Company Overview - GovDeals is a leading online marketplace for surplus government and educational assets, offering a range of items from heavy equipment to real estate [4] - The platform allows government agencies to sell surplus assets in a transparent manner, providing sellers with more control and lower fees compared to traditional auction methods [4] - GovDeals is operated by Liquidity Services, a trusted company in the surplus industry, which supports millions of customers globally [4]