Skip to Main Content

Client Success

Jacobs Trading, LLC: Closing a $170M Business Deal for Client

October 26, 2011

Jacobs Trading, LLC was an industry leader in the resale of salvage and liquidated goods. In October 2011, Jacobs tapped Maslon to represent it in its eventual sale to Liquidity Services, Inc. (NASDAQ: LQDT), a publicly traded leading provider of online marketplaces and integrated services. Barry Gersick and Brad Pederson represented Jacobs in the sale of its assets, resulting in proceeds of $170 million.

The transaction required Barry and Brad to negotiate the terms in which Jacobs would receive cash, a promissory note, LQDT stock, and performance-based consideration. Barry and Brad were assisted by other members of Maslon's Business & Securities Group to successfully deal with Hart-Scott-Rodino antitrust notifications and public securities law issues.


Thank you for your interest in contacting us by email.

Please do not submit any confidential information to Maslon via email on this website. By communicating with us we are not establishing an attorney-client relationship, and information you submit will not be protected by the attorney-client privilege and cannot be treated as confidential. A client relationship will not be formed until we have entered into a formal agreement. You should also be aware that we may currently represent parties whose interests may be adverse to yours, and we reserve the right to continue to represent them notwithstanding any communication we receive from you.

If you would like to discuss possible representation, please call one of our attorneys directly or use our general line (p 612.672.8200). We can then fully discuss our intake procedures and, if appropriate, introduce you to an attorney suited to assist with your matter. Alternatively, you may send us an email containing a general inquiry subject to these terms.

If you accept the terms of this notice and would like to send an email, click on the "Accept" button below. Otherwise, please click "Decline."