"Our reputation is our best asset," said Gene Arenson, Vice President of HYPERAMS.
Chicago, IL (PRWEB) January 30, 2012
HYPERAMS, LLC has completed its first year in operation with a great degree of success. As it heads into its second year, the firm can build on its record of completing five auctions, purchasing and monetizing new and return to vendor inventory from six sources, engaging in various consulting projects and issuing more than a dozen appraisals. Since the company’s launch in December 2010, HYPERAMS has sought to provide a complete asset disposition solution to financial institutions, professionals serving the restructuring community and corporations with surplus or customer return assets.
Tom Pabst, President of HYPERAMS, is building a team of industry professionals that specialize in understanding assets and the best way to maximize their value. During 2011, HYPERAMS assisted in the sale of assets of twelve different entities including private equity portfolio companies, companies going through formal restructurings and on behalf of major commercial lenders. The variety of assets were sold via live auction, timed on-line auctions, retail store closings and through its sister entity, Hyper MicroSystems, a full service reverse logistics provider specializing in consumer electronics and technology assets.
The HYPERAMS appraisal team, which is lead by Vice President Gene Arenson, completed fifteen appraisals of companies in various industries. “We value the ability to establish relationships with our clients and work closely with them through the entire process; our reputation is our best asset,” according to Gene Arenson, Vice President of HYPERAMS.
HYPERAMS was also retained in the Blockbuster Video bankruptcy case by the stalking horse bidder to assist with bidding strategy and understanding asset values. Pabst also continues to provide consulting services to Zellers, a major Canadian retailer, on the closing of certain big box retail stores.
Most recently, HYPERAMS purchased the assets and equipment of Moo & Oink, a Chicago based meat and grocery retailer, along with its partner Heath Industrial Auction Services. The three day auction will be held January 31 to February 2. For more information on the sale and other upcoming auctions, please visit http://www.hyperams.com/Auctions.html.
More About HYPERAMS:
HYPERAMS –asset maximization services-focuses on disposing of and investing in the excess assets of distressed and healthy companies. HYPERAMS provides valuations of machinery and equipment in all industry verticals and consumer product inventory. For more information, please visit http://www.hyperams.com.