Heritage Global acquires DebtX in roughly $8.5M all-cash transaction

Heritage Global (HGBL) announced that a wholly owned subsidiary of the Company, Heritage DebtX LLC, has acquired substantially all of the assets of The Debt Exchange in an all-cash transaction valued at approximately $8.5M. DebtX is a full-service loan sale advisor with a more than 20-year history of selling performing and non-performing commercial and industrial, commercial real estate, multifamily, and residential real estate loans. This acquisition was contractually effective on January 1, 2026. Following the acquisition, DebtX will continue to be managed by its existing senior leadership team through Heritage DebtX and will ultimately be led by DebtX co-founder, Bruce Hounsell, who will be joining Heritage DebtX later this month.