WHITE PLAINS, N.Y., July 29, 2015 /PRNewswire/ -- Reich Brothers Holdings, LLC, a full-service capital asset solutions specialist that focuses on the acquisition of distressed and surplus industrial assets, today announced the expansion of its offerings to include a full suite of decommissioning services. The new division of the company will be called Reich Brothers Decommissioning LLC.
"This division is the perfect complement to the services that Reich Brothers currently offers," said Jonathan Reich, Co-CEO of Reich Brothers. "Jim Hall has over 40 years of experience in the demolition, remediation and asset recovery industry. From his early days as a laborer through his project management experience, he brings a unique perspective to the challenges inherent in the demolition of complex facilities and their respective environmental issues. His ability to manage projects to a safe, cost effective and timely conclusion speaks volumes about his importance both to our clients and Reich Brothers."
With offices in New York, California, Illinois, Florida and Louisiana, Reich Brothers LLC has three divisions: asset acquisition, decommissioning and lending. The company is unique in its ability to acquire intact manufacturing facilities inclusive of real estate and machinery and equipment, solve demolition, environmental and remediation challenges and provide financing solutions including sale lease-backs and term loans.
Reich added, "The addition of Jim and his team create a one-of-a-kind offering that sets us apart from other industry participants. Reich Brothers has always had the ability to navigate asset acquisition and disposition issues and develop sophisticated transactional structures, but through the addition of this decommissioning expertise we are truly a full-service provider of solutions. We are pleased to welcome Jim and his team to the Reich Brothers group of companies."
Jim Hall, President of Reich Bros Decommissioning said, "I am pleased to be joining such a well-respected and successful group of professionals. Reich Brothers have a reputation in the industry for being exceptional problem solvers with the financial capability to configure and close complex transactions. By adding my decommissioning expertise, we will create the first full-service offering of its kind. It is my pleasure to work with Jonathan and Adam Reich and their team to exceed our customers' expectations."
About Reich Brothers Holdings, LLC
Reich Brothers Holdings, LLC is a specialized, hands-on provider of capital asset solutions and focuses on the acquisition and disposition of distressed and surplus industrial assets. The Company's suite of solutions also includes a lending division, Reich Bros Business Solutions, which provides term loans and sale-leasebacks customized to meet unique financial situations. The Company's Co-CEOs have established a long track record of successful value realization for clients and partners alike. For more information, visit www.reichbros.com.
About Victory Park Capital
Jonathan and Adam Reich, Co-CEOs of Reich Brothers LLC are partnered with Victory Park Capital (VPC). VPC is a privately held registered investment advisor dedicated to alternative investing in middle market companies across a diversified range of industries. Founded in 2007, VPC is headquartered in Chicago and has approximately $3BN under management. For more information, visit www.victoryparkcapital.com.
SOURCE Reich Brothers Holdings, LLC