Daily News: May 12, 2016

Great American Group Hires Olson as MD for GA Australia

Great American Group, a subsidiary of B. Riley Financial, hired Kevin Olson as managing director for GA Australia. Olson brings 23 years of experience in retail restructuring and corporate recovery and has worked with the largest retailers and banks for asset advisory services in North America and Australia.

“Kevin’s experience providing right-size solutions to national retailers in Australia and New Zealand is a tremendous asset for our international Retail Solutions team,” said Scott Carpenter, president of GA’s Retail Solutions division. “His ability to establish exit strategies for retail models and achieving realized values on retail inventory and fixed assets will be beneficial to our clients in Australia and New Zealand.”

In 2011, Olson relocated from the U.S. to Australia, where he established a unique investment model that provided certainty for retail clients in the disposition of their retail assets. This approach helped to create value in the marketplace specifically for the lenders and stakeholders of these companies.

Olson will operate out of the GA Australia office location in Sydney.

Great American Group is a provider of advisory and valuation services, asset disposition and auction solutions and commercial lending services.