Heritage Global Inc. announced on August 3, 2026, the acquisition of Boston Note Company, a nationwide broker and buyer of privately held loans, notes, and mortgages known as seller or carry-back notes. The transaction is structured as a bolt-on acquisition intended to add seller-note sourcing capabilities and expand Heritage Global’s Financial Assets platform into additional assets and channels. Financial terms were not disclosed. Following the deal, Boston Note Company will operate under its existing brand as part of Heritage Global. This move builds upon the DebtX acquisition announced earlier in 2026, aiming to enter new financial asset classes and distribution channels with a focus on commercial real estate backed seller notes and jumbo residential real estate notes. Heritage Global Inc. is an asset services company specializing in the valuation, monetization, and transaction of industrial and financial assets.

Heritage Global Inc.'s Board authorized a strategic exit plan to wind down its Specialty Lending segment, operated through subsidiary Heritage Global Capital LLC (HGC). The decision follows continued difficulties with the segment's largest borrower and declining performance in the second quarter of 2026. HGC will exit joint ventures and reduce operations, potentially continuing to fund an immaterial number of loans or pursue restructuring. The company expects to incur unspecified cash expenditures for employee-related costs and professional services, alongside a material non-cash impairment charge for the period ended June 30, 2026. This charge involves writing down equity method investments and increasing reserves for credit losses on nonaccrual loans. Exact cost estimates will be determined later. The second quarter 2026 earnings call is rescheduled to August 13, 2026. Heritage Global Inc. operates in the asset services industry, specializing in financial and industrial asset transactions.