Troostwijk/HGP European Energy Alliance Creates Unparalleled Suite of Full-Service Capital Asset Solutions to Maximize the Value of Energy Corporations’ Idle Plants & Assets

AMSTERDAM & SAN DIEGO. - Thursday, August 21st 2014 [ME NewsWire]

(BUSINESS WIRE) Heritage Global Partners (“HGP”), a global leader in asset advisory and auction services today announced that they have entered into an exclusive strategic alliance with Troostwijk Auctions (“Troostwijk”) to monetize global energy industry assets on behalf of regional and multinational European corporate clients. Founded in 1930, Troostwijk is one of the largest and most highly respected European industrial auctioneers, with locations in 15 countries. The alliance combines the core competencies of HGP and Troostwijk, and together they will conduct energy sector disinvestment projects, sales and auctions throughout Europe, with a focus on coal, nuclear power generation, oil & gas processing, metals refining, smelting and other related industries.

“We are honored to form this strategic partnership with Troostwijk, one of Europe’s leading and most prolific industrial auctioneers,” stated Ross Dove, Managing Partner of Heritage Global Partners. “Tjade Dieker and the talented Troostwijk team are well-known throughout our industry for achieving excellent results on behalf of their clientele. Our respective firms have been pioneers and innovators in the sale of energy-related assets, having conducted over 100 successful events across continents and energy sectors. Together, we will deliver solutions to help major corporations maximize the value of their transitioning idle energy facilities.”

Tjade Dieker, Chief Executive Officer of Troostwijk stated, “This new alliance between Troostwijk and Heritage Global Partners brings together a world-class team of industry professionals on both sides. Ross and Kirk Dove, together with their seasoned group of associates, are well-known for their worldwide industrial asset advisory and sales expertise and a proven track record of success. Combined, our firms have worked with some of the world’s largest energy companies. Our alliance will provide a full-service offering ranging from asset acquisitions and dispositions, to complete, multi-phase programs serving a variety of needs.”

Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms and a subsidiary of publicly traded Heritage Global Inc. (OTCQB: HGBL and CSE: HGP).

Contacts

Ross Dove, 650-291-0824

Managing Partner

rdove@HGPauction.com

Tjade Dieker, +31-20-6666521

CEO

t.dieker@troostwijkauctions.com

JCIR

Jennifer Neuman, 212-835-8500

HGP@jcir.com

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