HYPERAMS formed a new entity: Hyper Valuation Services (HVS). All of the company’s appraisal services will be conducted by this entity moving forward. The entity is owned by HYPERAMS and by current HYPERAMS senior managing director of appraisal services, Jonathan Deptula. Deptula, an almost 20-year veteran of the appraisal industry, has grown the appraisal practice from its inception 10 years ago and has earned this equity opportunity. Deptula will serve as the president of the HVS entity and its day-to-day decision maker.
In addition to the formation of HVS, HYPERAMS reported Bob Pabst, the company’s chief operating officer, purchased a controlling equity interest in, and became president of, HYPERAMS. Pabst’s years of experience in the industry, including six years in finance and operations with the company, will serve him well as he leads HYPERAMS into the future. Pabst will have overall control of business strategy, investments, operations and finance. He will work closely with Jonathan to ensure the continued growth of the HVS entity and will continue to build the growing infrastructure within the asset monetization business lines.
Additionally, Tom Pabst, founder and current president of HYPERAMS, will transition to his new role as chairman of HYPERAMS. Tom Pabst will continue to provide guidance to Bob Pabst and Deptula on significant operational and investment decisions and support the organization by continuing to generate liquidation opportunities and represent the firm at select industry events. Tom Pabst’s continued support of HYPERAMS is solidified through a continuing minority interest in the firm.
“I could not be prouder of the business and team we have built at HYPERAMS over the last thirteen years,” Tom Pabst said. “The dedication and hard work by so many have made us the company we are today. This transition in leadership has been in the works for many years and is important for the company’s continued success. We now have two incredibly talented individuals in place to run the business well into the future, and I congratulate them both on their new roles and on their becoming equity holders. I look forward to helping them as they continue to develop as leaders.”
