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January 19, 2012
EquipNet has acquired Present Value LLC–a worldwide appraisal and advisory company. Present Value co-founders, Christopher Kinzie and Christopher Spinelli, will join 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 International Society of Business Analysts as Certified Senior Business Analysts (CSBA).
EquipNet’s President and Chief Operating 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, Kinzie has become EquipNet’s new Director of Appraisal Services. 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.
Roger Gallo and Christopher Kinzie recently sat down to discuss the acquisition and what it will mean to EquipNet and Present Value customers. Check out the video. .
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