Gordon Brothers Group Announces Key Promotion and Expansion of Appraisal & Valuation Division

Press Release
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 Stephen Sigel has been promoted to Head of Business Development for the Appraisal & Valuation Division. Mr. Sigel, a 10-year veteran within the division with a 35-year career in valuing assets, joins Ann Merrill, Head of Operations and Kenneth Frieze, divisional CEO to lead the continued growth of Gordon Brothers Groups asset appraisal business. Regional business development directors based in Los Angeles, Chicago, Toronto, Atlanta, Philadelphia and New York will report to Mr. Sigel who, in addition to his new responsibilities, will continue to spearhead the New England business development efforts from Gordon Brothers Group's Boston headquarters.

"Over the eight-plus years I have worked with Steve, I have seen his knowledge of the appraisal industry evolve to a point where he has an instinctual and real-world understanding of our clients' needs and how to service them," stated Mr. Frieze. "Steve's leadership will strengthen the customer service we provide along with our appraisal reports, thereby making it even easier for our clients to obtain the accurate valuations they need in today's volatile market."

"In taking on this new leadership role, I will ensure our clients receive the responsiveness, timely turnaround and insight they deserve regardless of which region or asset class we are serving," commented Mr. Sigel. "Now, with our newly expanded group of regional representatives, Gordon Brothers Group will have the local service our clients need to get deals done.

Mr. Sigel leads an effort to bring the market value trends derived from billions of dollars of annual asset sales by Gordon Brothers Group directly and immediately to its client base through industry trend reports, upfront estimated recoveries and ultimately, accurate appraisals.

In related news, Ms. Merrill recently expanded the industrial appraisal team which is the Appraisal & Valuation Divisions fastest growing segment.

"Nearly two thirds of our appraisal business resides in the commercial and industrial sectors," acknowledged Ms. Merrill. "Notable highlights in this segment include our completion of an appraisal for the largest private equity deal of 2010; while this year we just completed an appraisal for one of the industry's largest global transportation companies."

Ms. Merrill added that while Gordon Brothers Group may be best known for its retail work, it is the machinery and equipment, industrial inventory and brand valuations that have been receiving the most attention among its clients recently.

About Gordon Brothers Group

Founded in 1903, Gordon Brothers Group ( www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt and equity financing, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.