Hilco Terracota, a subsidiary of Hilco Global and Hilco Global Mexico, was appointed as the primary servicer of one of the major payroll loan companies in Mexico and Colombia. The company has recently filed for Chapter 11 bankruptcy in the U.S. and Mexico and is undergoing a major restructuring process.
Hilco Global hired former Bank of America senior executive C. John Mostofi as executive vice president of capital solutions. The announcement comes at a time of rapid growth at the global financial services firm based in Northbrook, IL.
Hilco Global, a privately held financial services company delivering valuation, monetization, advisory and capital solutions, entered into a definitive agreement to acquire New York-based Getzler Henrich & Associates.
Geoffrey Frankel joined Hilco Corporate Finance as CEO. Frankel has 30 years of experience advising middle-market clients on M&A transactions, financings, restructurings and litigation support services.
Hilco Global’s commercial industrial team acquired all of the assets of Sutton Leasing, a fleet leasing company based in Sterling Heights, MI, in a multi-million-dollar transaction that closed on May 7. Hilco Commercial Industrial aligned with Wells Fargo to close the transaction.
Hilco Global, a provider of asset valuation, monetization and advisory solutions, facilitated the sale of substantially all of Shop-Vac’s assets to GreatStar in a multi-million dollar transaction. The assets included intellectual property, real estate, machinery and equipment, inventory and AR holdings.
The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.
A completed economic impact study of Hilco Redevelopment Partners’ proposed redevelopment of the closed former Philadelphia Energy Solutions refinery in South Philadelphia is projecting significant job creation and a positive economic impact to the city and region.
Jasmine E. Sessoms joined the Philadelphia office of Hilco Redevelopment Partners as senior vice president of corporate affairs. Sessoms will oversee the company’s community and government outreach efforts as it executes on its plan to transform the former PES refinery.
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.