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| For
over three decades, Buxbaum Group has been one of the foremost liquidators
in North America, specializing in the disposition of consumer products
through "going-out-of -business" or similarly promoted
sales, auctions, and closeouts of excess inventory for manufacturers,
retailers and wholesale distributors. The Asset Recovery group also
conducts partial liquidations as part of a company's strategic downsizing
or restructuring. This may include the disposition of slow moving
inventory or unprofitable locations, dispersal of real estate and
fixtures, renegotiation of leases, or other activities that enable
companies to redirect equity from under-performing resources into
more profitable merchandise, divisions, or locations.
The Asset Recovery group
conducts liquidations of industrial plants, heavy machinery, and
a wide range of equipment types, including warehouse/distribution,
office and food service. Buxbaum Group has
collectively achieved liquidation returns in excess of client expectations
in a broad range of categories including apparel, furniture, consumer
electronics, building materials, automotive parts, mining, distilling,
construction, transportation, and oil & gas, just to name a
few.
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Buxbaum Asset Appraisal, benefiting from the
knowledge and experience of the Asset Recovery group, provides prompt
and accurate appraisals of consumer product inventories, along with
ongoing collateral monitoring services. The Asset Appraisal group
has performed hundreds of appraisals for leading financial institutions
including Bank of America, CIT Group, Citibank, Congress Financial,
GE Capital, HSBC, PNC Business Credit, Wells Fargo and Foothill
Capital, appraising billions of dollars of inventory annually. Types
of products appraised include jewelry, apparel, furniture, footwear,
recorded music & video, non-perishable foods, health and beauty
aids, consumer electronics, and automotive parts & accessories,
to name just a few.
The Asset Appraisal group provides appraisals
of industrial plants, heavy machinery, and a wide range of equipment
types, including warehouse/distribution, office, food service, mining,
petrochemicals, distilling, printing, and many others. Clients include
financial institutions, public and private companies, and bankruptcy/insolvency
professional throughout North America.
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Buxbaum Group provides practical and successful
turnaround and restructuring strategies to troubled or under-performing
companies. As a result of extensive experience in day-to-day operations,
asset valuation, and business divestitures, the
turnaround team, led by the founders and managing
partners of Buxbaum Group, has achieved an impressive track record
of developing innovative and successful strategies for guiding companies
through critical situations.
These strategies may include providing an interim team of
turnaround and management experts to counsel and assist in such
areas as manufacturing, marketing, distribution, or securing new
lines of financing. In cases when the business cannot be saved, the
team may oversee the entire recovery process in order to maximize
return of equity to both secured and unsecured creditors and
investors. Over the years, Buxbaum Group's management team has provided strategic consulting
and turnaround management services for such prominent retailers,
manufacturers and wholesalers as Richman-Gordman, Rampage, and Ames
Department Stores.
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