Hudson & Marshall Inc. was founded in 1965 by law school classmates, B. G. Hudson Jr. and Asa M. Marshall, III. The company began by subdividing farms into small acreage tracts in Middle Georgia appealing to buyers seeking a move to suburbia.
In 1970 the firm was awarded a contract to liquidate all of the national locations of the Minnie Pearl national restaurant chain. This accomplishment lead to several similar national liquidations of other failed restaurant chains. The firm also pioneered the “ballroom” auction when contacted by the Citizens and Southern National Bank, predecessor to NationsBank, to assist in the disposition of the bank’s foreclosure portfolio.
The nationwide operation of the firm continued into the early 1980’s. In a 30 day span, the firm liquidated 78 Woolco Department stores, a division of Woolworth’s.
From 1983 to 1993 the company opened offices in Rockledge,FL; Dallas, TX; and Los Angeles, CA. Following the expansion the company became the primary source for Federal National Mortgage Association (FNMA) to auction their more than 8,000 foreclosures on a national basis. During the period 1985 to 1987, the company was selling from 10 to 20 million dollars a month for FNMA.
The collapse of the savings and loan industry created the formation of the Resolution Trust Corporation, RTC. Hudson & Marshall worked with and educated the new government entity on the auction method of selling assets quickly. From March 1991 through its termination in 1995, Hudson & Marshall conducted more than 100 auctions for RTC, generating approximately 1 billion dollars in sales. Auctioned were the sales of financial instruments, notes, a completely new product for potential auction business.
The F.D.I.C., successor to RTC, continued to utilize the auction method to dispose of large amounts of assets quickly, Hudson & Marshall continues to represent F.D.I.C. in these liquidations. Other governmental agencies, including the U.S. Marshall Service, U.S. Postal Service and Small Business Administration (SBA) have successfully utilized the services of Hudson & Marshall.
In 1995 Hudson & Marshall contracted with the Federal Communications Commission (FCC) to sell broadband personal communications in major trading areas and conducted a 10.5 billion dollar auction over the Internet, the largest auction of anything sold at auction in history.
At the conclusion of the 1996 Olympic Games in Atlanta, Hudson & Marshall won the contract to liquidate all of the assets left over from the Games. The success of the auctions tilted the Atlanta Centennial Games profit and loss statement from red to black.
The recession of the mid 2000’s gave rise for an unprecedented need of auction services. H&M of Texas sold and closed over 12,000 properties per year for the years 2005 - 2010 and over 8,000 properties per year for the years 2011 - 2013. The H&M Georgia office sold more farm, timber and recreational land than any other company in the nation. The company was also active in selling resort lakefront and luxury properties.
Hudson and Marshall remains loyal to the Middle Georgia Area. Staying close to the local community keeps us grounded and focused on quality auctions and customer appreciation. Land & farm sales are conducted regularly along with municipal government surplus, estate and personal property auctions. Because of Hudson & Marshall’s 50 year track record, impeccable reputation, and name recognition in the industry, the company is highly qualified to effectively market assets on a national basis.
"The auction method is the best method ever devised to bring a buyer and seller face to face for a prompt cash transaction” Ben Hudson, Jr.