Gordon Brothers Group Announces the Acquisition of Emerald Technology Valuations, LLC

January 07, 2013

BOSTON, MA - Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors, announced today that it has acquired Emerald Technology Valuations, LLC (“Emerald”), the premier high tech valuation and disposition firm headquartered in San Francisco, CA. Emerald specializes in high technology machinery & equipment and inventory valuations and dispositions. The acquisition will expand the commercial and industrial capabilities of Gordon Brothers Group by adding these capabilities in the high technology sector.

The Emerald team brings to Gordon Brothers Group unparalleled expertise within the high technology arena, significantly enhancing the breadth of services Gordon Brothers Group offers its clients. The Emerald team, located in San Francisco, will continue to serve their client base as Emerald Technology Valuations, a Division of Gordon Brothers Group. Emerald’s President, Kevin Otus, will join the Commercial & Industrial Division of Gordon Brothers Group where he will continue to be responsible for the review of and sign-off on Emerald appraisals, consistent with the current practices of Emerald and Gordon Brothers Group.

“We are very excited to have Kevin Otus and the Emerald team join Gordon Brothers. We have been collaborating with Kevin and his team for many years in both asset dispositions and appraisals and have been impressed with the specialized expertise and professionalism of the Emerald platform. Gordon Brothers Group’s Appraisal & Valuation Division has registered double digit growth over the past several years, particularly in the commercial and industrial sectors, and Emerald adds the highest level of expertise in the technology industry to our platform," stated Gary Talarico, President & Chief Executive Officer of Gordon Brothers Group. “Led by Co-Presidents Robert Maroney and Robert Himmel, our Commercial & Industrial Division has been the firm’s fastest growing business since it was established in 2007. Our history of successful collaboration with Kevin Otus and the Emerald team will allow a seamless transition.”

Robert Maroney of Gordon Brothers Group’s Commercial & Industrial Division stated: "We are very excited to have Kevin join our group. We have combined forces on multiple transactions in the past and he brings to our group an important expertise.” Robert Himmel added, “Kevin brings numerous strengths to the Commercial & Industrial Division including a broad set of relationships that will expand our coverage of the marketplace."

Emerald has become the acknowledged leader in the appraisal and disposition of high technology equipment and inventories. Emerald’s industry expertise spans the fields of Biotech, Broadcasting, Electronic Manufacturing Services, Photovoltaic (Solar), Printed Circuit Board, Video Post Production, Semiconductor and Telecommunications, among others, making their proximity to Silicon Valley instrumental in  understanding the value of technology assets.  In 2010, Emerald teamed with Gordon Brothers Group to conduct the worldwide remarketing campaign of the Qimonda Richmond, LLC 300mm and 200mm semiconductor facility located in Richmond, Virginia.  The sale consisted of approximately 800 individual 300mm and 200mm semiconductor tools with the toolset having an original cost exceeding $1.5 billion.  The majority of the tools were sold to end-users within the U.S., Europe and Asia, which maximized value and exceeded client expectations.

Kevin Otus added, “Over the last fifteen years, with the hard work of our team and the help of our friends, clients and referral sources, I believe we have accomplished the objective of building the premier high technology asset advisor. We are proud of what we have achieved, grateful for our success and ready to take the next step. After successfully collaborating on numerous transactions over the last several years, joining Gordon Brothers was the next logical step. I am excited about this strategic transition and know it will bring greater scale, scope and benefits to our valued relationships.”