NEW YORK, March 3, 2011 /PRNewswire/ -- Asset valuation and disposition leader, Tiger Group, announced Thursday its acquisition of the assets of Melville, N.Y.-based Daley-Hodkin Group, a firm specializing in appraisals of machinery and equipment as well as fully-integrated asset disposition services.
The transaction is expected to significantly enhance Tiger's growing footprint and reinforce its service offerings within the industry.
"This is an important deal as Tiger Group strives to remain the most integrated valuation and asset disposition team in North America. In particular, we expect the acquisition of Daley-Hodkin to strengthen our offerings to clients in need of machinery and equipment appraisal and auction services," said Tiger Principal, Daniel Kane.
Daley-Hodkin's operations will be relocated to Tiger's Midtown Manhattan offices later this month.
"We are very excited about this opportunity to join one of the most respected valuation and disposition firms in the country," said Daley-Hodkin President, Morris Hodkin. "We look forward to integrating our decades of experience selling and valuing machinery and equipment and wholesale inventories into Tiger's operations to further solidify the company's offerings and professional expertise."
Joseph Hodkin announced his retirement upon completion of the acquisition. Morris Hodkin will be spearheading the Daley-Hodkin integration into Tiger Group.
For more information, please contact:
Daniel Kane, dkane@TigerGroupLLC.com, (805-497-8900).
Morris Hodkin, mhodkin@TigerGroupLLC.com, (631-293-0200).
About Tiger: Tiger provides comprehensive advisory, valuation, auction, management, and disposition services for a broad range of retail, wholesale, and industrial companies. Over the past 30 years, Tiger has managed more store closings than any other business in the industry and has provided inventory appraisals, auctions and disposition services on behalf of a wide range of industries. The company's focus is to help businesses, asset-based lenders and other financial institutions understand the underlying value of inventory and equipment; to provide key monitoring advice; and, when needed, disposition services. To learn more about Tiger Group, please visit www.tigergroupllc.com.
About Daley-Hodkin: For over 30 years, Daley-Hodkin's appraisal professionals have conducted machinery and equipment appraisals for clients in the United States and throughout the world. Its appraisers constantly research and monitor sales of machinery and equipment in a wide variety of industries utilizing a proprietary database containing millions of comparables and over 10,000 industry files. Daley Hodkin's valuation experience includes appraisals of inventory, machinery and equipment and real estate. Other services include assisting with business interests including patents, trademarks and other intellectual property. Visit Daley-Hodkin at www.daleyhodkin.com.
SOURCE Tiger Group