[11] Prior to going public, Liquidity Services opened online auctions for European corporations and government agencies to sell their surplus goods on the international market.

[12] Between 2008 and 2011, Liquidity Services acquired four new marketplaces: Network International, GovDeals, TruckCenter.com, and the remarketing business of Jacobs Trading Company.

Walmart terminated its deal with Liquidity Services, and the company lost a bidding war for the right to sell the Department of Defense's surplus tanks, trailers, and other vehicles.

On March 25, 2020, in response to the COVID-19 pandemic, Liquidity Services announced "business contingency plans" in reaction to "an adverse impact on its financial condition and results of operations.

In January 2024, Liquidity Services acquires Sierra Auction, [3] an Arizona based company specializing in the sale of vehicles, equipment and surplus assets for government agencies, commercial businesses, and charities.