Daily News: January 14, 2019

Gordon Brothers Opens Perth Office, Expands Australian Operations

Restructuring and advisory firm Gordon Brothers opened a new office in Perth, Australia. The office will be led by equipment valuation and auction industry veteran, Ben Gibson, and support the firm’s increasing activity across Western Australia.

Gibson has over 20 years of industry experience and personally managed over 3,000 valuation and asset disposition projects, both in Australia and internationally. He has also developed deep relationships within the mining, construction and transport sectors.

“We are proud to bring Ben on board and look forward to his success in building our business in Perth,” said Tim Stewart, head of Australia for Gordon Brothers. “We are eager for Ben to leverage his asset, auction and valuation capabilities to support and grow our full product offering, including retail and investments.”

“This is an important milestone for the firm as we continue to expand our international operations,” said Frank Morton, CEO, International of Gordon Brothers. “Perth is an important market for us. Having boots on the ground there will be critical to our success in serving the Australian market with the liquidity solutions businesses need to thrive,” he added.

Gibson joins Gordon Brothers from Tiger Asset Group, where he served as executive director of Restructuring and Finance. In that role he was responsible for the Restructuring & Finance service line on a national basis. Prior to that, he served as general manager for the Western Australian operations of Graysonline.

The Perth location is the third Australian office opening in two years for Gordon Brothers, which entered the market in 2017. The firm has experienced a high volume of activity and, in July, undertook the largest asset investment in Australia to date with the acquisition of the Koolyanobbing mining equipment portfolio.