DALLAS–Last week, the valuation, advisory and assessment firm Butler Burgher Group (BBG) improved upon its national reach by acquiring New-York based Leitner Group Inc. for an undisclosed sum. GlobeSt.com recently caught up with BBG’s CEO Diane Butler to get the inside track on the deal.
GlobeSt.com: Tell us, what made Leitner so desirable?
Butler: Leitner Group’s Manhattan-based location along with Joel [Leitner's] stellar reputation in the valuation industry in the Tri-state area was a huge factor. He is very well known and has built an incredible business serving the financial services community in the NY Metro and Tri-state markets. The access to our national footprint and robust technology platform were key factors in Joel’s decision to join BBG. The ability of our combined companies to offer an independent national valuation platform to our clientele distinguishes us from other large national firms. We both believe this will be advantageous in our future growth.
GlobeSt.com: What exactly will change in the way your company will operate now?
Butler: There will not be much from an operations perspective. Joel will lead our efforts in the Tri-state area and work closely with Senior Managing Director Susan Kominski who leads our east region. The combined efforts of BBG and Leitner enable us to take on large national portfolio work for New York-based financial institutions with our national footprint.
GlobeSt.com: What do you think accounts for BBG’s success?
Butler: We have great people who are like-minded in terms of client service and quality. BBG offers a unique perspective of independent valuation services on a national scale. Our entrepreneurial culture is attractive and we have had great success attracting and retaining a very talented group of professionals.
GlobeSt.com: What is next in terms of your company’s growth?
Butler: We have plans to continue to expand our footprint where we see opportunity in valuation services, as well as more expansion in our advisory and assessment lines of business. This national footprint gives us the ability to work on larger portfolios while maintaining local knowledge in most markets.
GlobeSt.com: How does being based in Dallas benefit your company strategically?
Butler: Our corporate office is in Dallas, so the city’s central location is an advantage from a centralized operations perspective. Dallas is one of the most progressive real estate development markets in the country and, as such, it’s a great location for top real estate companies and professionals.