Heritage Global Subsidiary Acquires The Debt Exchange In All-Cash Deal Of ~$8.5M

Heritage Global Inc. (NASDAQ: HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced that a wholly owned subsidiary of the Company, Heritage DebtX LLC ("Heritage DebtX"), has acquired substantially all of the assets of The Debt Exchange, Inc. ("DebtX"), in an all-cash transaction valued at approximately $8.5 million. DebtX is a leading 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, which was contractually effective on January 1, 2026, strengthens Heritage Global's Financial Assets division and expands the Company's presence in the growing secondary loan market.

Founded more than two decades ago, DebtX provides full-service, end-to-end Loan Sale Advisory Services for financial institutions looking to manage risk and/or unlock value in their loan portfolios. DebtX's team of professionals perform all underwriting, document preparation, marketing, valuation and closing services, allowing sellers to leverage DebtX's extensive experience in having managed billions of dollars in loan sale transactions on behalf of hundreds of clients.