Gordon Brothers was engaged to sell silica mining and processing assets and plant equipment located in Arcadia, WI, on behalf of Wisconsin Bank & Trust as secured lender.
Gordon Brothers released an article that discusses the outcome of the Paycheck Protection Program (PPP), including its impact on individuals, firms and lenders, as well as its aid for sectors most challenged by the COVID-19 pandemic.
Alex Sutton, managing director and head of research at Gordon Brothers, said, “The agreement will impact cost structures, product mix, commodity prices, local market dynamics and a wide range of other operating issues.”
Joint venture partners Gordon Brothers and Hilco Merchant Resources commenced going-out-of-business sales at 720 Stage Stores locations, including Gordmans and all associated brand stores across the United States.
Gordon Brothers appointed Samantha Findley to the position of director, special situations in Australia. Findley will help clients to use Gordon Brothers’ balance sheet and the company’s knowledge to resolve liquidity issues and execute restructuring programs.
Gordon Brothers named Brendan Smyth head of the Australian valuation team. Smyth will provide asset valuations to the restructuring/insolvency sector and lending community, including asset-based lenders, private equity firms and investment funds.
Cindi Giglio joined Gordon Brothers as associate general counsel, with primary responsibility for retail and commercial and industrial transactions in North America. Meanwhile, corporate counsel Ben Olushola took on an expanded role as associate general counsel for the enterprise.
Gordon Brothers, Hilco Merchant Resources, Great American Group and Tiger Group commenced store closing sales at 137 J. C. Penney stores across the United States.
Joint venture partners Gordon Brothers and Hilco Global have commenced “going-out-of-business” sales at more than 350 Pier 1 stores across the United States.
Dennis Bolton joined Gordon Brothers’ commercial and industrial division as managing director. Bolton previously was head of Wells Fargo Equipment Finance’s equipment management group and managed the remarketing of industrial assets for Banc of America Leasing.