Digital Expansion HGR Industrial Surplus has recently launched their 'My Account' platform and expanded their online presence, providing a seamless digital experience for customers. This indicates an opportunity to engage with their actively growing online customer base for targeted marketing and upselling.

Geographic Growth The company's expansion into new markets such as Texas, Kansas, and Alabama demonstrates increasing regional demand for their used industrial equipment. This growth phase opens potential sales channels in these specific markets for equipment sourcing and service offerings.

Service Diversification With the launch of Decommissioning Services and partnerships like NRTC Automation, HGR is diversifying its service offerings to include facility decommissioning and asset management. These services present cross-selling opportunities to clients needing equipment removal, cleaning, or turnkey solutions.

Industry Collaborations Strategic partnerships with auctioneers and global partners position HGR to attract large-scale industrial sales and refurbishment projects. Leveraging these connections can facilitate larger procurement or consignment deals, expanding revenue streams.

Growth Potential With annual revenues between $25 million and $50 million and ongoing expansion efforts, HGR presents a strong sales opportunity for providers of used machinery, parts, and industrial equipment, especially those targeting the re-use and circular economy sectors.