Hilco Enterprise Valuation Services added Andy Blumenstock to its enterprise valuation team. Blumenstock will serve as managing director in New York City and further the rapid growth of the firm’s business valuation practice. He will provide valuation services to corporate clients and alternative investments managers involving tax and financial reporting services, portfolio valuation, strategic valuation projects and transaction opinions.
Throughout his more than 20 year career, Blumenstock has provided valuation services across a broad range of industries, including the industrial products, life sciences, power and utilities, technology and telecommunications, retail and consumer products sectors. He has a particular expertise in the equipment finance industry supporting private equity, hedge funds and banks with their aircraft, shipping, trucking and railcar lease investment portfolios. Blumenstock has focused on helping clients understand the intrinsic value of their businesses, both explicitly — though discrete financial, tax and investor reporting valuations — and implicitly through consequential, decision-purposed capital allocation analyses.
“We’re thrilled to have Andy join our enterprise valuation practice,” Geoffrey Frankel, CEO and senior managing director of Hilco Corporate Finance, said. “Andy is a leader in the business valuation industry with very extensive technical expertise and an ability to inspire the trust and confidence of his clients. We are fortunate to have him play an important role in the growth of our valuation practice.”
Before joining Hilco, Blumenstock was a managing director, strategy and transactions, at Ernst & Young where he led transaction teams supporting clients through acquisitions, divestitures and related strategic transactions.
