David Phillips Joins Gordon Brothers Group's Appraisal & Valuation Division

BOSTON, Aug. 5 /PRNewswire/ -- Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors, announced today that David Phillips has joined the firm's Appraisal & Valuation division as a director serving the Southeast market.

Mr. Phillips will work closely with asset-based lenders, private equity sponsors and corporate management teams to help them understand the underlying value of all types of assets including inventory, machinery & equipment, intellectual property and real estate.

"As Gordon Brothers Group's appraisal and valuation business expansion continues, it is critical that we have dedicated resources for our clients in the Southeast," said Jeffrey Lerner, Chief Business Development Officer at Gordon Brothers Group. "David's years of experience and firsthand knowledge of the market will be instrumental in delivering real-world values in a constantly changing market."

"I believe that the key to successfully delivering accurate asset values to our clients is focusing on not only historical reference points but also capturing current market trends," added David Phillips. "Gordon Brothers Group's established reputation and commitment to expansion combined with my strong relationships within the financial lending community creates an ideal partnership that will facilitate growth for our business in the Southeast."

Prior to joining Gordon Brothers Group, Mr. Phillips was a managing director with Regions Business Capital where he focused on new business origination. He was also Senior Vice President of New Business Development at Wells Fargo Foothill, the predecessor to Wells Fargo Capital Finance. While at Wells Fargo, Mr. Phillips concentrated in both retail finance and later across all specialty lending platforms throughout the Southeastern region. He has also held positions at The CIT Group, Southtrust Bank, N.A. and Bank South, N.A.

Mr. Phillips will be based out of Gordon Brothers Group's Atlanta office and serve Alabama; Arkansas; Florida; Georgia; Louisiana; Mississippi; North Carolina; South Carolina; and Tennessee.

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 financing, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.

SOURCE Gordon Brothers Group

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