Frank Grimaldi Joins Gordon Brothers Group's Appraisal & Valuation Division

BOSTON, Jan. 24, 2011 /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 Frank Grimaldi has joined the firm's Appraisal & Valuation Division as a director serving the New York City market.

Frank 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.

"We are excited to have Frank Grimaldi join our appraisal team," said Jeffrey Lerner, Managing Director at Gordon Brothers Group. "Frank's years of banking, private equity and appraisal experience will be instrumental in serving our New York area clients."

"The key to determining accurate asset values is the underlying and relevant disposition experience," added Frank Grimaldi. "I joined Gordon Brothers Group because no other firm has their ability to bring disposition experience to bear on behalf of their appraisal clients."

Prior to joining Gordon Brothers Group, Frank was an executive at Brevet Capital where he focused on origination of investment opportunities and the management of assets for the New York-based hedge fund. He also held executive positions at CIT in both their Commercial Services and Business Credit divisions for sixteen years. While at CIT/Commercial Services, Frank led the National Credit Administration group overseeing work-out situations and business development. He has also held positions at Lakeside Advisors, Summit Investment Management, LLC, SB Capital Group and Platinum Funding Group. Frank is the current Chairman of Turnaround Management Association's Long Island Chapter.

Frank Grimaldi will be based out of Gordon Brothers Group's New York office.

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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