Gordon Brothers Group Acquires The Ozer Group

Press Release
BOSTON — In a move designed to meet the growing demand for accurate appraisals and operational expertise in dispositions, lending and acquisitions, Gordon Brothers Group today announced that it has acquired The Ozer Group, a leading competitor focused on serving clients in the retail and wholesale sectors. Terms of the transaction were not disclosed.

Ten year old Ozer Group is known for its in-depth market data, appraisals and dispositions and experienced professionals. Acquiring these additional senior level resources will complement Gordon Brothers Groups’ reputation for valuation acumen and transaction execution.

“We want to build on our already strong position at a time when more and more clients are realizing that appraisals, dispositions and the management of operations are not commodity services,” said Michael Frieze, Chairman of Gordon Brothers Group. “The Ozer Group is a natural fit for Gordon Brothers Group because we share a commitment to providing high-quality services to our clients.”

“There’s a flight to quality underway as clients demand industry knowledge, accuracy and expertise in the execution of appraisals and other complex transactions,” said Mark Schwartz, Gordon Brothers Group CEO. “The combination of Gordon Brothers Group and Ozer enhances the value-added services we provide as a strategic partner to clients in transactions that require the preservation, management, deployment or realization of capital.”

Ozer will close its offices in Needham, Massachusetts as professionals join Gordon Brothers and relocate to the company’s headquarters in Boston. It’s a homecoming for several senior Ozer executives who worked for Gordon Brothers Group in the past, including Stephen G. Miller and William S. Weinstein, who will become Principals of the firm.

“Coming back to Gordon Brothers Group is very exciting because of the diversified platform, greater financial resources and international scope it provides,” said Miller. “The company is capable of valuing, disposing or acquiring assets or businesses in any category and in any industry.”

“Gordon Brothers Group has demonstrated impressive growth in an environment of increased competition,” Weinstein added. “I’m excited to build on that momentum and help further develop the business.

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) provides global advisory, operating and financial services to companies at times of growth or restructuring. Gordon Brothers Group appraises, acquires and sells a wide range of assets, including inventory, real estate, industrial assets, accounts receivable and intellectual property. Gordon Brothers Group disposes in excess of $10 billion in assets at original value annually and appraises over $30 billion. The firm also provides debt financing and equity capital to consumer products companies, and facilitates mergers and acquisitions with strategic partners. Gordon Brothers Group is headquartered in Boston and maintains 20 offices and satellites worldwide.