In 1987, Chicago native Jeff Hecktman founded Hilco after successfully advising a family business in transition.
Soon after Hilco started, the company began handling industrial, retail and wholesale disposition deals and completing joint ventures, often partnering with other liquidation companies having different core competencies. Throughout the nineties and into the next decade, Hilco and Jeff Hecktman added new business lines, each led by an experienced executive or executives with proven expertise and core values that fit perfectly into the Hilco corporate culture.
The formula was applied successfully in each case: let the executives run their own business and share in the ownership to ensure a financially-aligned leadership team.