Mequon-based AccuVal-LiquiTec has merged with the Gordon Brothers Group’s valuation and advisory services division to form Gordon Brothers-AccuVal.
AccuVal provides corporate valuation, advisory and disposition services. The company was founded in 1988. Its headquarters is at 10218 N. Port Washington Road.
Boston-based Gordon Brothers Group is a global advisory, restructuring and investment firm that focuses on retail, consumer products, industrial and real estate companies. It deals in all asset categories, mitigates leases, appraises assets and operates businesses long-term.
Gordon Brothers-AccuVal will operate as a wholly-owned subsidiary of Gordon Brothers Group, and will be headquartered in the GBG Boston office. Combined, the company will provide more than $60 billion in appraisals each year from 25 offices across the world.
Rick Schmitt, co-founder of AccuVal-LiquiTec, has been named president of Gordon Brothers-AccuVal. Ann Merrill, of Gordon Brothers Group’s valuation and advisory services division, will serve as chief operating officer for the new company. Frank Grimaldi, also of GBG, has been named national sales manager.
“We are thrilled to come together with Gordon Brothers,” Schmitt said. “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.”
According to company leaders, the new company will offer expanded disposition services and debt financing for AccuVal customers.
“AccuVal’s expertise in the commercial and industrial sector is the perfect complement to Gordon Brothers’ long-standing dominance in the retail and consumer industry,” said Ken Frieze, chief executive officer of GBG. “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.”
Representatives of the companies could not be reached for additional information.
