Kinzie and Spinelli founded Present Value in 2006. They are both experienced appraisers themselves, certified through the National Equipment & Business Builders Institute (NEBBI) as Certified Machinery & Equipment Appraisers (CMEA). Additionally, they are both certified through the International Society of Business Analysts as Certified Senior Business Analysts (CSBA).

EquipNet’s President and Chief Operating Officer, Roger Gallo, is excited about the opportunities the merger presents. “Acquiring Present Value allows EquipNet to provide our clients with a wider array of appraisal services,” explains Gallo.

“Not only will we have a global network of on-staff equipment appraisers with expertise in all the industries we serve — pharmaceutical, biotech, chemical, and consumer processing and packaging,” says Gallo, “But in the future, we’ll be able to offer our clients business valuations and real estate appraisal services, as well.”

With the merger, Kinzie has become EquipNet’s new Director of Appraisal Services. Spinelli will head up EquipNet’s Category Management Department, bringing his knowledge and understanding of appraisals to enhance EquipNet’s specification gathering and valuation methodology.

Roger Gallo and Christopher Kinzie recently sat down to discuss the acquisition and what it will mean to EquipNet and Present Value customers. Check out the video. .

Business brokers work similarly to real estate agents. They can help you with advertising, initial discussions with buyers, negotiations, and the final transaction processes. Most importantly, a business broker can be a decision-making partner during this crucial time for a seller or buyer.

It is essential to realize that deals are being done, despite the current economic climate. Although there is a lot of doom and gloom out there, there are businesses that are making money and looking to increase their opportunities through acquisition or purchase of assets or equipment. These deals are just being done differently than in the past. Because of the current state of the credit markets, buyers and sellers are developing creative deal-structuring strategies to facilitate transactions and satisfy both buyers and sellers.

In order to take advantage of the opportunities that are still out there and make sure that you are getting the most out of the sale of your business and equipment, partner with an experienced business broker.

In addition to valuation services, Present Value provides business and equipment brokerage services. Present Value has an extensive team of business and equipment brokers who help buyers and sellers come together for transactions with businesses, machinery, and equipment. Present Value’s research team also has relationships with hundreds of equipment and business brokers at both national and international levels.

By: Present Value

An appraiser must take into account that such equipment may be one of a kind, which makes it more difficult to value because there are no other pieces against which to compare it. A whole host of considerations must be taken, including the cost of its production, the value of its usage, the cost of its replacement, depreciation, salvage value, and scrap value. The appraisal of custom equipment requires the specialized skills of a professional who has the expertise and certification to examine all of these factors and more to determine its true fair market value.

Whether you need to know the fair market value or other standards of value such as liquidation value, salvage value, or replacement cost, it makes good financial sense to obtain a credible certified equipment appraisal report that will hold up under scrutiny with financial institutions, government agencies, buyers, sellers, shareholders, or partners. Make sure you know what it’s worth.

If you’re seeking an FHA appraisal, your interaction with Present Value won’t change. Because the HVCC changes don’t affect FHA appraisals, lenders can still contact Present Value directly. And more good news – if you’re seeking a conventional appraisal, your interaction with Present Value will also remain the same. Present Value LLC is both an appraiser and an appraisal management company, which means that it can play the role of the third party required by the HVCC changes and save you the step of having to seek out a separate appraisal management company. One of the principles to which Present Value adheres is to provide the best possible customer service. As these changes go into effect and people begin to navigate what the changes mean for them, we hope that the lack of disruption in service you’ll experience by working with Present Value will prove our dedication to this principle.

In other news, have you had the chance to check out our introductory video? Click here to watch.  

By: Present Value

By Present Value LLC