Heritage Global launched Heritage Global Energy and Construction (HGEC), a newly formed division. With headquarters in Austin, TX, HGEC will provide asset advisory, auction services and monetization solutions for businesses operating in the oil and gas, mining, drilling, solar, construction and rental equipment sectors. The division will expand Heritage Global’s existing asset valuation, advisory and auction capabilities by adding new service offerings to market and sell energy and construction clients’ assets across all equipment categories.

“Heritage Global remains committed to further expanding our platform of diversified global asset solutions to create new value for our corporate clients, customers, partners and shareholders,” said Ross Dove, CEO of Heritage Global. “The formation of Heritage Global Energy and Construction is the next logical step in our plan to strategically expand our product portfolio with new complementary capabilities that serve a broad range of businesses, while growing our leadership across key sectors.”

In conjunction with the launch, Daniel Beck was appointed managing director of HGEC. He will be responsible for overseeing the division’s operations, including managing customer relationships, serving existing accounts, developing new business, implementing innovative sales strategies and building high-performing sales teams that deliver results-driven asset monetization solutions to clients.

“Dan is a well-respected leader who has extensive executive experience developing asset monetization solutions that delivered strong results for oil and gas companies, energy corporations and other businesses with asset intensive operations,” said Kirk Dove, chief operating officer of Heritage Global. “Throughout his career, Dan has built a solid reputation as a trusted business partner who is committed to the growth and financial success of clients. The executive team looks forward to working with Dan in his new leadership role and we are confident that his results-oriented and entrepreneurial approach to the business will establish Heritage Global Energy and Construction as a leader in asset advisory and auction services for the sector.”

Beck has more than two decades of experience in asset management and sales, previously serving as VP of Global Sales at Network International, where he managed teams responsible for overseeing client accounts representing more than $100 million in annual sales. Before that, he served as VP, general manager and director of Sales for Ritchie Bros Auctioneers.

Commenting on his appointment, Beck said, “The Doves have been innovative pioneers in the industrial auction business for over eight decades and are well-known and highly respected throughout our industry for their worldwide asset advisory expertise across a diverse range of sectors. Heritage Global’s impressive growth, combined with its strong commitment to delivering innovative global asset solutions and exceptional client service, were strong factors in my decision to join the company.”