Daily News: October 8, 2013

Gordon Brothers Appraisal Division Names Ryan Ray as Director

Gordon Brothers Group announced that Ryan Ray joined the Appraisal & Valuation Division as director of Business Development, serving the Midwest Region and Eastern Canada.

Ray will work closely with asset-based lenders, private equity sponsors and corporate management teams to help them understand the underlying value of all types of assets, including inventory, machinery & equipment, intellectual property and real estate.

“We are excited to have Ryan Ray join our appraisal team” said Steve Sigel, co-President of Gordon Brother Group’s Appraisal & Valuation Division. “Given Ryan’s extensive background as an appraiser, he is well-positioned to provide a unique perspective. Ryan’s well-rounded experience in the appraisal & valuation industry will be instrumental in serving our Midwest and Eastern Canada clients.”

“Having worked in the appraisal and disposition industry for some time, I look forward to joining such a well-respected business that is differentiated by its breadth of lending and disposition expertise across all sectors,” said Ryan. “These synergies add significant value to the appraisal product and I am thrilled to be joining such an esteemed group of professionals.”

With over 12 years of experience, Ray has conducted over 500 inventory appraisals in nearly every major commercial & industrial sector in North America. Prior to joining Gordon Brothers Group in 2013, Ray served as senior manager at AccuVal Associates, where he was responsible for the Chicago Inventory Valuation Group in appraising, analyzing and scoping projects and providing technical valuation support including liquidation strategies for commercial, industrial and retail assets.

He also served as a financial analyst at Hilco Appraisal Services/Hilco Trading, where he was responsible for performing all aspects of inventory appraisals, including formulation of financial models, cost projections, and industry research for senior lenders and private equity funds.