New York, NY, March 26, 2009 --(PR.com
)-- Rushton Atlantic, LLC, announces the establishment of a new division, Rushton Atlantic Commercial Finance Services (RACFS). The new division services the commercial finance market, concentrating on inventory and machinery and equipment appraisals.
Leading the efforts of Rushton Atlantic Commercial Finance Services is Barton Hyte. Barton has over 25 years of experience in appraisal, liquidation and auctioneering in a broad range of industries. He has previously conducted inventory and equipment appraisals, as well as auctions, for Gordon Brothers, and is currently managing the liquidation of the assets of New York law firm Dreier LLP.
RACFS brings inventory appraisal experience in the retail, wholesale and distribution sectors, as well as in manufacturing with the appraisal of raw materials, work-in-process (WIP) and finished goods. In addition, RACFS appraises fixed assets for collateral and insurance purposes.
RACFS offers an innovative suite of appraisal and advisory services, including field examinations and collateral monitoring, to meet its clients’ needs. RACFS utilizes an integrated approach, based on extensive experience serving the asset-based lending community, combining collateral examinations, appraisals of inventory and machinery and equipment, and reporting systems, as well as the identification of key monitoring issues and recovery factors.
Related RACFS services include competitive analysis and strategic assessments. Wind-downs and closings of businesses and non-performing stores are facilitated through orderly liquidation sales, managed sales, auction sales or a hybrid approach.
The RACFS team understands the evolving needs of lenders and other market participants such as attorneys and trustees. The staff has years of onsite and in-depth experience in appraisal and liquidation, and provides responsive service in connection with loan origination and monitoring, foreclosures and other state and bankruptcy court proceedings.
About Rushton Atlantic:
Rushton Atlantic, LLC is a member of the Rushton Partners Group, and sister company of Rushton International, the United Kingdom’s leading insurance appraiser, with a rich 150-year history.
Based in New York and Chicago, Rushton Atlantic is managed by Ken Kramer and Rick Meyer, previously the founding partners of the leading global structured finance valuation practice for equipment, facilities and infrastructure assets.
Rushton Atlantic serves market sectors including structured and collateral financing, insurance, and infrastructure investment. Industries served include power and energy, manufacturing, transportation, public infrastructure, retailing and distribution, and our valuation analyses support financing, investment, taxation, financial reporting, insurance and restructuring.