Heritage Global Partners to Auction Brewing and Restaurant Equipment from Nine Iron Hill Sites Under Bankruptcy Order | HGBL Stock News

11/18/2025 - 02:05 PM SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the U.S. Bankruptcy Court to conduct an auction of brewing and restaurant equipment from nine former Iron Hill Brewery & Restaurant locations. The sale is being conducted as part of the Chapter 7 bankruptcy proceedings of Iron Hill Brewery LLC (District of New Jersey, Case No. 1:25-bk-20476).While some media reports have cited seven locations, the auction includes assets from nine Iron Hill sites across Pennsylvania, New Jersey, and Georgia. Each location’s assets include complete brewing systems, bar and kitchen equipment, and dining furnishings. Real estate is not included in this sale.Bidding opens Tuesday, December 2 at 7:00 a.m. ET and closes Thursday, December 4 at 10:00 a.m. ET.Assets Highlights Include:(9) 10 & 15 BBL Brewhouses(15+) Specific Fermentation Tanks (406 gal)(15+) NSI Fermentation Tanks (453 gal)(20+) Horizontal Tanks (310 gal)(10+) Southbend Commercial Ranges(8+) Pitco Gas Fryers(15+) Refrigerators – True, Hoshizaki, PerlickAlta-Sham VMC-F4E Convection OvensStone Hearth Pizza Oven(100+) Keg ShellsBar and Liquor Service EquipmentComplete Serveware, Cookware, Silverware, and Dining FurnishingsAssets will be sold individually or in groups, as-is, where-is, with removal scheduled between December 8 and 19.“Calling all operators. This is a full barrel-to-bar equipment sale from nine former brewpubs. Brewing systems, kitchen lines, and bar infrastructure, all in one sale,” said David Barkoff, Senior Vice President at Heritage Global Partners. “If you're scaling up or building out, this is a direct path to well-maintained assets. Register now and be ready when the clock starts ticking.”Former Locations with Equipment for Sale:New Jersey:13107 Town Center Blvd, Voorhees Township, NJ124 E Kings Hwy, Maple Shade, NJPennsylvania:1460 Bethlehem Pike, North Wales, PA950 Lehigh Valley Mall, Whitehall Township, PA3450 Salmon St, Philadelphia, PA8400 Germantown Ave, Suite 2A, Philadelphia, PA260 Eagleview Blvd, Exton, PA30 E State Street, Media, PAGeorgia:1224 Hammond Drive, Dunwoody, GAHeritage Global Partners, Inc. (“HGP”)HGP is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial sectors including Aerospace, Automotive, Aviation, Biotech, Broadcast & Postproduction, Chemical, Electronics Manufacturing, Energy, Food & Beverage, Heavy Construction, Metalworking, Oil & Gas, Pharmaceutical, Plastics, Printing, Real estate, Semiconductor, Solar, Textile & Woodworking, and others. HGP conducts 150-200 auction projects per year, globally.Heritage Global Inc. (“HG”)HG values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.View source version on businesswire.com: https://www.businesswire.com/news/home/20251118486738/en/David BarkoffSenior Vice President, Heritage Global Partners650-759-2242dbarkoff@hginc.comJohn Nesbett/Jennifer BelodeauIMS Investor Relations203-972-9200InvestorRelations@HGinc.comSource: Heritage Global Inc.