Gordon Brothers Group and AccuVal-LiquiTec Merge to Form Largest Appraisal Practice, Gordon Brothers-AccuVal
Combined Company Now Most Capable Valuation Provider in the Industry
BOSTON, April 2, 2015 /PRNewswire/ -- Gordon Brothers Group and AccuVal-LiquiTec announced today that Gordon Brothers Group's Valuation & Advisory Services Division and AccuVal-LiquiTec have entered into a merger to form Gordon Brothers-AccuVal. The newly formed group will operate as a wholly owned subsidiary of Gordon Brothers Group, already one the world's leading disposition and appraisal firms. The transaction marks the union of two of the longest-standing valuation firms in the industry, boasting a nearly 140 year combined heritage. The new company is the premier asset appraisal firm in the world, conducting over $60 billion of appraisals annually, serving 18 countries from 25 offices globally.
"We are thrilled to come together with Gordon Brothers," said Rick Schmitt, co-founder of AccuVal-LiquiTec and now serving as President of Gordon Brothers-AccuVal. "Our combined capabilities are unmatched in terms of scale and expertise. With Gordon Brothers' $10 billion of annual dispositions backing us up, there is no equal," he added.
"This merger unlocks the most in-depth industry knowledge available today. We now have more ASA accredited appraisers than our competitors combined. And that team now has access to the largest asset database in the world," jointly stated Ann Merrill and Frank Grimaldi, formerly of Gordon Brothers Group's Valuation & Advisory Services Division and now serving as Chief Operating Officer and National Sales Manager, respectively, of Gordon Brothers-AccuVal. "Gordon Brothers-AccuVal has completed more appraisals and has more disposition experience in key sectors like energy, technology, food processing, textiles, and retail than anyone else," they continued.
"AccuVal's expertise in the commercial & industrial sector is the perfect complement to Gordon Brothers' long-standing dominance in the retail and consumer industries. Joining forces provides our clients with deep, asset-specific valuation advice backed by our market-leading disposition guarantees and tranche B lending through Gordon Brothers Finance Company. We are very excited for what the future holds for Gordon Brothers-AccuVal," said Ken Frieze, Chief Executive Officer of Gordon Brothers Group.
The merger will broaden the range of available services offered by the new firm, providing access to related disposition services through the broader Gordon Brothers Group organization, as well as debt financing through Gordon Brothers Finance Company.
The firm will be headquartered out of Gordon Brothers Group's Boston office.
About Gordon Brothers-AccuVal
Gordon Brothers-AccuVal is the largest retail, commercial and industrial appraiser in the world serving the commercial finance industry. It operates in 18 countries throughout North America, Europe and Asia and rapidly deploys local resources from 25 offices worldwide. Appraising over $60 billion of assets annually, Gordon Brothers-AccuVal combines the deepest industry sector expertise, real time monitoring of nearly every major disposition and over a century of real world disposition experience to accurately determine asset values. Gordon Brothers-AccuVal helps lenders, private equity investors, corporate executives and advisors have the utmost confidence in their appraisals. Gordon Brothers-AccuVal is part of Gordon Brothers Group (www.gordonbrothers.com), a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group conducts over $70 billion worth of transactions and appraisals annually.
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods. Gordon Brothers Group conducts over $70 billion worth of transactions and appraisals annually. As of November 2014, debt financing is provided by Gordon Brothers Finance Company (www.gbfinco.com).
About AccuVal-LiquiTec
AccuVal-LiquiTec is an industry leader in corporate valuation, advisory and disposition services. It appraises and liquidates all corporate assets including business enterprises, equity and stock, bonds, intellectual property, machinery and equipment, inventory, real estate and accounts receivable in virtually every industry segment.
SOURCE Gordon Brothers Group
Share this article