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Insights on Industrial Equipment Appraisal and Liquidation Market

Delivered April 9, 2020. Contributor: Agnidip M.

Goals

To provide insights on the industrial equipment appraisal and liquidation market in the United States. The research should focus on providing information on the following aspects: size of the market, competitive landscape and market dynamics, key players in the market, etc.

Early Findings

  • The Association of Machinery and Equipment Appraisers (AMEA), headquartered in Virginia, USA, is a non-profit organization that accredits certified equipment appraisers.
  • Till date, the organization has grown to nearly 300 accredited and certified equipment appraiser members.
  •  Gordon Brothers, headquartered in Boston, Massachusetts, claims to have access to the most expansive database of machinery and equipment asset values in the world.
  • The company was established in 1903, and, till date, has completed more than 15,000 machinery and equipment appraisals.
  • Gordon Brothers also provides asset dispositions and liquidations services to a wide range of operational areas, including inventory, machinery & equipment, real estate, receivables, and intellectual property.
  • JLL, the leading real estate and investment management firm, formed a strategic alliance with Gordon Brothers in 2019 to provide appraisal, valuation and disposition services.
  • According to Dun & Bradstreet estimates, Gordon Brothers Group, LLC earned a revenue of US$ 100.0 million annually.
  •  Fidelity Appraisals, headquartered in Phoenix, Arizona is another company that provides machinery and equipment appraisal services to a wide range of industries, including heavy equipment and construction, manufacturing / industrial, oil drilling / petroleum, IT / data centers, health care and medical, etc.
  • The company serves clients with revenues ranging from US$500,000 to as much as US$500,000,000.


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