Liquidation leaders in merger deal

Liquidation leaders in merger deal Retailers looking to realize maximum value when they close stores or liquidated inventory have a new ally following the merger of two industry leaders.

Gordon Brothers Group and AccuVal-LiquiTec announced 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.

“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.”

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.

“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” said Ann Merrill and Frank Grimaldi of Gordon Brothers-AccuVal in a statement. “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."

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.

“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, CEO of Gordon Brothers Group.

The firm will be headquartered out of Gordon Brothers Group’s Boston office.