EquipNet Acquires Present Value LLC: Leading Surplus Asset Management Services Company Joins Forces with Equipment Appraisal Firm

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EquipNet announced its acquisition of Present Value LLC--a worldwide appraisal and advisory company. Present Value co-founders, Christopher Kinzie and Christopher Spinelli, have joined the EquipNet team at the company headquarters in Canton, MA and Present Value’s international roster of certified appraisers will now fall under the auspices of EquipNet.

Today, EquipNet announced its acquisition of Present Value LLC--a worldwide appraisal and advisory company. Present Value co-founders, Christopher Kinzie and Christopher Spinelli, have joined the EquipNet team at the company headquarters in Canton, MA and Present Value’s international roster of certified appraisers will now fall under the auspices of EquipNet.

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 Society of Business Analysts as Certified Senior Business Analysts (CSBA).

EquipNet’s President and Chief Executive 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, Present Value Co-founder Kinzie has become EquipNet’s new Director of Appraisal Services. He calls the union a win-win for both companies’ customers and promises that the transition will be seamless. “Present Value’s current clients will continue to receive the high level of appraisal and valuation services they’ve always enjoyed,” pledges Kinzie. “And, by joining forces with EquipNet, they will now have access to additional services like recycling, reselling, and redeployment of their surplus assets.”

Present Value Co-founder 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.

About EquipNet
EquipNet, Inc. is the world’s leading provider of proactive asset management services and solutions for large and small corporations in the pharmaceutical, biotech, chemical, and food, beverage, and personal care industries. EquipNet’s vision is to revolutionize the way companies manage their surplus assets. In addition to appraisal and valuation services, EquipNet provides its clients with the largest online MarketPlace for buying and selling pre-owned equipment; proprietary Asset Redeployment Management System software; environmental recycling of technology assets; auction services, and more. For more information, please visit: http://www.EquipNet.com.

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Ben Potenza
Equip Net
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