Hilco Merchant Resources, LLC - (www.hilcomerchantresources.com) announced today that it has completed its acquisition and integration Grand Rapids, Michigan based Fixture Finders business (www.fixturefinders.com), creating one of the largest retail FF & E fixed asset disposition companies in the United States.
The new legal entity will be called Hilco Fixture Finders, LLC and significantly expands Hilco Merchant Resources' current furniture, fixture, and equipment business (previously called Hilco Fixed Asset Recovery) while providing an important strategic advantage in today's marketplace. Michael Keefe – CEO of Hilco Merchant Resources said, “By combining Fixture Finders current business footprint with the depth and breadth of Hilco’s resources, we’ve created a powerful new company with enhanced capacity and facilities to deliver a broader offering of product and services to retailers nationwide”.
The combined operation significantly expands Hilco Merchant Resources fixed asset recovery practice, maximizing the national retail relationships that Fixture Finders has established over the years while delivering seamless synergy with Hilco’s robust existing retail client base. “Our recent inventory and FF & E assignments from supermarket operator Haggen Holdings LLC and grocery chain Fresh & Easy demonstrates the power of this new platform,” said Michael Keefe.
Scott Hoek will continue to serve as the CEO and a principal of the new entity. Ed Stepp of Hilco Merchant Resources’ fixed asset recovery group has been named to the position of Executive Vice President & Principal for Hilco Fixture Finders. Also, Randy Oake, a VP of Field Operations (FF &E) at HMR, will be responsible for maximizing FF &E value on all HMR inventory liquidation deals within the new organization.
Hoek said, "Combining the experience and reputation of the Hilco brand in the retail industry with the depth and breadth of Fixture Finders will enable us to consistently exceed client product and service needs and expectations".
About Hilco Merchant Resources, LLC
Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer’s strategic initiatives. Hilco Merchant Resources’ activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment through Hilco Fixture Finders, LLC (www.fixturefinders.com and www.hilcoffe.com). Additionally, among recent acquisitions by HMR is the popular online retail and daily deal e-commerce company, Deal Genius, LLC (www.dealgenius.com).
Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global, one of the world’s leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory and operational consulting and strategic capital equity investments. For more information please visit: (www.hilcoglobal.com).
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