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Hilco Valuation Services is the world’s most experienced and reliable appraisal firm. It would be difficult to name an industry that we have not served, an asset category we have not appraised, nor a valuation service we have not provided.
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Asset Appraisals and Due Diligence Services

Hilco Valuation Services is one of the world’s largest and most diversified business asset appraisers and valuation advisors. It would be difficult to name an industry that we have not served, an asset category we have not appraised, nor a valuation service we have not provided.

Headquartered in the Chicago area, Hilco Valuation Services has offices in key cities around the world and provides services on five continents.

We have expertise in a wide range of Asset Classes, including Inventory, Machinery and Equipment, Real Estate, and Enterprise Valuation. From Aerospace and Financial Services to Retail and Energy to Healthcare and Technology, we have delivered valuations for all industries. And we have provided services from Lending and Financial Reporting to Enterprise Planning and Litigation Support.

Perspectives

Automotive Industry

Smarter Perspective - Automotive Q2 - The U.S. Automotive Industry Hits Bottom in Second Quarter?

After a 50% drop in U.S. deliveries of light vehicles, the seasonally adjusted, annualized rate of sales (SAAR) for April had fallen to 8.6 million vehicles. Anxious to generate some cash flow, automakers offered generous incentives to encourage nervous would-be buyers to get back in the market.
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Smarter Perspective - Automotive Q1 2020

Smarter Perspective - Automotive Q1 - The U.S. Seasonally Adjusted Annual Rate of Vehicle Sales Succumbs to COVID-19

As we all know too well, when the “shelter-in-place” orders began to be issued in mid-March in response to COVID-19, showroom traffic slowed to a trickle, unemployment claims skyrocketed, and vehicle sales plummeted. The SAAR fell to 11.4 million vehicles in March, the lowest level since April 2010 when the industry was recovering from the Great Recession.
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Steel and Aluminum Tariffs Chart

The Evolving Story of Steel and Aluminum Tariffs

In a previous Hilco Valuation Services article from last July, we provided an early assessment of the implementation of the Section 232 tariffs on the steel and aluminum markets.
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Lumber Market Chart

The Toll of Taxes and Tariffs on U.S. Housing and the Lumber Market

The Trump administration tax policies enacted toward the end of 2017 first showed signs of a positive impact very early in 2018.
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Spotlight

Dearden's Logo

Founded in 1909, Los Angeles-based Dearden’s was one of Southern California’s oldest businesses, selling furniture, appliances and home goods, mostly to the lower-income Latino market. In June of 2017, the retailer’s management team began an organized wind-down. Dearden's elected to close all eight of its retail stores and monetize its receivable portfolio.

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News

Hilco Global and Colbeck Acquire Assets of Leading Truck Asset Financing and Fleet Management Company – 19th Capital Group

May 12, 2020

Hilco team will operate the asset financing and fleet management company as it restructures and prepares the truck leasing and fleet services business for post pandemic success.

Hilco Global, the world's premier authority on asset valuation, monetization, and advisory solutions, announced today that H19 Capital, LLC (a joint venture between Hilco Global and NY based Colbeck Capital Management) acquired substantially all of the assets of the transportation and truck leasing company, 19th Capital, in a multi-million dollar transaction which closed on May 1, 2020.

19th Capital is headquartered in Indianapolis, Indiana and provided asset financing for the North American transportation industry, including truck leasing, and fleet management services.  In the private sale transaction completed on May 1, 2020, the new H19 Capital purchased thousands of semi-trucks and trailers, all trucking service and support machinery & equipment, all intellectual property, and a substantial portfolio of accounts receivable, including over 600 existing truck leases.  Additionally, the deal includes taking over the lease of two truck yards and the  136,000 square foot facility located at 9702 E. 30th St. in Indianapolis, IN with its engine maintenance, detailing, body and paint shops with a total combined yard capacity to store over 1700 trucks. 

In an all company meeting held in Indianapolis on May 1, Hilco Global executives announced that they plan to continue to operate the transportation and truck leasing company, and will continue selling and servicing trucks and managing the current lease portfolio while restructuring the operation to be more efficient as a going concern. During the meeting executives indicated that it would save at least 55 jobs that otherwise would have been eliminated by the end of the year.

Steve Tanzi, President of Hilco Performance Solutions said, “The acquisition of 19th Capital demonstrates the unique capabilities of the Hilco Global platform.  The Hilco Valuation Services team was able to properly value the business so that we could develop an appropriate performance improvement and restructuring plan to continue to operate the company.”  Tanzi added, “At the same time, Hilco Receivables and Hilco Commercial & Industrial units will begin monetizing all underperforming machinery & equipment, Account Receivables, and current trucking inventory”.  

Jason Colodne, Managing Partner of Colbeck noted, “Colbeck is proud to partner with Hilco on the acquisition of 19th Capital.  We value our long-standing relationship with Hilco and believe they are among the best in the business of valuing and monetizing assets.”

Leading the new going concern in Indianapolis will be Steven Tanzi, President of Hilco Performance Solutions who will serve as Chief Executive Officer; Bryan Courcier Senior Vice President Hilco Valuation Services will serve as Chief Operating Officer; and Buddy Beaman Executive Vice President at Hilco Receivables will serve as Chief Commercial Officer. 

Bryan Courcier said, “Hilco has been active in the transportation sector for many years and we believe this transaction provides us with an ideal platform to monetize additional transportation and trucking assets going forward. We look forward to restructuring and expanding operations in Indianapolis” 

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 Hilco Global - Vested on your success

Visit Hilco Global to discover the full array of valuation, monetization and advisory business solutions.

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