BOSTON-Global advisory firm Gordon Brothers Group has expanded its industrial division, the newly-named Gordon Brothers Industrial. The division offers appraisal and disposition services to lenders, corporations and financial institutions in the US, Europe and Asia, where it serves in partnership with Gordon Brothers Group's wholly-owned subsidiary, SHM/Smith Hodgkinson.
"This completes our expansion into all asset categories, a strategic move that gives our clients one firm they can rely on for expertise in inventory, real estate, machinery and equipment, accounts receivable and intellectual property," says Mark Schwartz, chief executive officer of Gordon Brothers Group. Robert Maroney, the former chief appraisal officer at Bank of America, was named president of the revitalized operation.
"This adds a top industrial appraiser to what is already a strong set," a source close to the company tells GlobeSt.com. "As they are known for the appraisal and valuation in retail, they now have an even greater capability in the industrial sector."
Maroney has more than 25 years of expertise in the valuation of all classes of industrial assets. He will head up a staff comprised of certified appraisers to capitalize on the firm's expertise in the disposition of manufacturing, construction and industrial equipment and inventories.
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