Heritage Global Partners to Conduct Court-Approved Auction of CaaStle, Inc.’s Clothing Inventory and Industrial Laundry Equipment

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 for the District of Delaware, (Case #1:25-bk-11187), to conduct an online auction of assets formerly owned by CaaStle, Inc., a tech-enabled B2B clothing logistics company.

Auction Details:

• Online Bidding Opens: September 8, 2025
• Online Bidding Closes: September 9, 2025, starting at 12:00 PM PT
• Registration and Catalog: Interested parties can view the catalog and register to bid Here

This large-scale sale features commercial laundry systems, warehouse infrastructure, and a significant quantity of premium branded clothing inventory, providing an opportunity for secondary market retailers, commercial laundry operators, 3PL/logistics providers, and apparel resellers to acquire high-value equipment and merchandise.

Featured Assets Include:

• Apparel inventory from Ralph Lauren, Ba&sh, Maje, Ann Taylor, Banana Republic, and more
• (8) Realstar KM803 Dry Cleaning Systems
• (7) Wascomat EX677CL Commercial Washing Machines
• Wascomat EX645CL Commercial Washing Machines
• (6) Wascomet D783 Commercial Washing Machines
• (12) Wascomat TD83 Commercial Dryers
• (4) Leonard IM96SH Steam Tunnel Systems
• (300+) Garment Racks
• Pallet Racking
• (50+) Zebra Label Printers (ZD420, ZT410 models)
• JLG ES3246 Electric Scissor Lift
• Raymond R40 Reach Truck
• (150+) Uline Vinyl Basket Trucks
• (150+) Uline Poly Box Trucks
• And much more

“This auction includes a comprehensive offering of late-model commercial laundry systems and thousands of high-quality apparel units from top-tier brands,” said David Barkoff, Senior Vice President at Heritage Global Partners. “We believe this rare opportunity represents an ideal sale for buyers across fashion resale, logistics, and textile services looking for well-maintained, ready-to-deploy assets.”

Heritage 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.