Hilco Appraisal Services, LLC

May 26, 2005 10:16 ET

John Jefferson to Head North American Business Development for Hilco Appraisal Services

NORTHBROOK, Ill.--(CCNMatthews - May 26, 2005) -

John "JJ" Jefferson has been named to lead the business development unit of Hilco Appraisal Services, LLC, in North America. His new title is: Senior Vice President, Business Development, North America. He will be headquartered in Hilco's Chicago office and will continue to maintain a presence in Hilco's Toronto office.

Mr. Jefferson joined Hilco in January, 2000, coming from the Canadian banking system in which he held various managerial roles with two banks over a 20 year period. In his earliest role with Hilco, Mr. Jefferson was instrumental in helping appraisal industry veteran, Norman Adler, start-up a machinery and equipment valuation practice.

When Hilco merged its M&E and inventory valuation disciplines in 2002, Jefferson assumed a more broadly-based business development role, which included management of a territory covering all of Canada plus numerous states around the Great Lakes region and Texas. In his new role, Jefferson will supervise all of Hilco's U.S. and Canadian appraisal business development efforts, providing support for the company's 10-person business development team. He will also continue to call on clients in Canada and selected U.S. locations.

Arnie Dratt, newly named CEO of Hilco Appraisal Services, noted, "It is gratifying that the newest member of Hilco's leadership team comes as a promotion from within the organization. I know our selection of JJ will pay great dividends for Hilco Appraisal Services. He brings a unique perspective and highly-relevant experience to the position, having been an instrumental player in the growth and success of our appraisal business over the past five years. JJ understands the key success factors which drive our business, and he has always been a passionate marketer. Furthermore, he is well-liked and respected, not only by our clients, but by his colleagues throughout The Hilco Organization."

Hilco Appraisal Services is the world's largest business asset valuation company. Hilco provides appraisals of consumer and industrial inventory, and machinery and equipment, as well as enterprise, intellectual property and FAS141/142 valuations. Real estate and accounts receivable portfolio valuations are also offered through the valuation departments of Hilco Real Estate, LLC, and Hilco Receivables, LLC, respectively. Clients include asset-based and commercial lending institutions, private equity and hedge funds, investment banks, manufacturers, wholesale and distribution companies, and retail organizations. Offices are located in Chicago, Boston, Detroit, Atlanta, Charlotte, Los Angeles, Flagstaff, Oakland, Toronto and London, England.

Hilco Appraisal Services is a unit of The Hilco Organization, an international leader in business asset valuation, acquisition, disposition and financing.

For more information please visit http://www.hilcoappraisal.com.

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Contact Information

  • The Hilco Organization
    Richard L. Kaye, 847-418-2711