Heritage Global Valuations Appoints Gina Griffin as Senior Vice President
November 02 2023 - 12:00PM
Business Wire
Heritage Global Valuations (“HGV”), a division of Heritage
Global Inc. (NASDAQ: HGBL), a leading appraisal and liquidation
firm, is pleased to announce the appointment of Gina Griffin as
Senior Vice President. With a remarkable career spanning more than
two decades, Griffin brings a wealth of expertise in the appraisal
and liquidation industry, particularly in retail, consumer
products, and e-commerce.
Griffin’s journey in the industry began over 20 years ago, where
she played a pivotal role in the growth of Gordon Brothers, a
globally recognized advisory and restructuring firm. During her
tenure, she managed a team, cultivated relationships, and worked on
large complex projects in retail, e-commerce, brands, intellectual
property, and consumer product sectors. Her comprehensive valuation
and finance experience, coupled with her ability to quickly
understand various aspects of a business, have made her a trusted
resource in the field.
Since 2021, Griffin has served as a valuation consultant for
HGV, where she significantly contributed to the firm’s success. She
conducted valuations primarily serving clients in the asset-based
lending industry with a focus on industrial, consumer, and retail
inventories. Griffin’s expertise also extends to the Asset-Based
and Middle Market Commercial Lending industry, where she provided
valuable insights into loan pricing, structure, and risk management
covenants.
"We are thrilled to welcome Gina Griffin to our leadership
team," said Mike Goldstein, Executive Managing Director of HGV.
"Her extensive experience, particularly in consumer products and
e-commerce, aligns perfectly with our strategic goals. We are
confident that her expertise will further strengthen our position
in the market and enhance the value we provide to our clients."
Griffin’s appointment comes at a significant time for Heritage
Global Valuations, as the company continues to expand its services
and footprint in the industry. With Griffin’s proven track record
in managing large teams, cultivating relationships with major
banks, private equity firms, and senior company management, she is
well-positioned to drive the firm’s growth initiatives.
"I am excited to join Heritage Global Valuations and contribute
to the company’s ongoing success," said Griffin. "I look forward to
collaborating with the talented team at HGV and leveraging my
experience to provide exceptional value to our clients."
Heritage Global Valuations (“HGV") is a division of
Heritage Global Inc. (NASDAQ: HGBL). HGV operates under the
Industrial Assets business unit and specializes in the valuation of
commercial & industrial assets including inventories and
machinery & equipment (“M&E”). Valuations are developed
based on a number of factors, including an extensive proprietary
database containing information about past transactions, firsthand
knowledge of the market, and relationships with original equipment
manufacturers (“OEMs”) and dealers of industrial assets. Taking
into account the economic and competitive environment of the
industry in which the business operates, assuring an accurate and
reliable appraisal which enables clients to make timely strategic
decisions.
Heritage Global Inc. (“HG”) values and monetizes
industrial & financial assets by providing acquisition,
disposition, valuation, and lending services for surplus and
distressed assets. This aids in facilitating the circular economy
by diverting useful industrial assets from landfills and operating
an ethical supply chain by overseeing post-sale account activity of
financial assets. Specialties consist of acting as an adviser, in
addition to acquiring or brokering turnkey manufacturing
facilities, surplus industrial machinery and equipment, industrial
inventories, real estate, and charged-off account receivable
portfolios through its two business units: Industrial Assets and
Financial Assets.
Forward-Looking Statements
This communication includes forward-looking statements based on
our current expectations and projections about future events. For
these statements, the Company claims the protection of the safe
harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this communication are based on knowledge
of the environment in which the Company currently operates and are
subject to change based on various important factors, including
variability in magnitude and timing of asset liquidation
transactions, the impact of changes in the U.S. national and global
economies, interest rate and foreign exchange rate sensitivity, as
well as other factors beyond the Company's control. Unless required
by law, we undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. In light of these risks, uncertainties
and assumptions, you should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. For more details on factors that could affect these
expectations, please see our filings with the Securities and
Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20231102218959/en/
Mike Goldstein Executive Managing Director Heritage Global
Valuations 561/208.1536 mGoldstein@hginc.com
Investor Relations: John Nesbett/Jennifer Belodeau IMS
Investor Relations 203/972.9200 InvestorRelations@hginc.com
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