Appraisal of Tannery Proven Accurate in Bankruptcy
Client: Producer of a Wide Range of Leather Products
Challenge: Appraise 16 Plants with Special Purpose Equipment in Two Weeks
One of the largest leather tanneries in the United States needed 16 plants appraised in two weeks to support its financing requirements – a tall order given the special purpose nature of the plants and equipment. Given the poor condition of the tanning industry at the time, the client needed accurate information to make critical business decisions affecting the company's capitalization and strategic decisions affecting the operations of certain plants.
AccuVal Approach
AccuVal provided the customer with the information needed on time and supported its conclusions with comprehensive transaction information and market intelligence affecting the industry. Following in-depth conferences to discuss the results of the appraisal and despite a preponderance of compelling information to the contrary, the company chose to pursue a direction different from the conclusions recommended by AccuVal. Given the size of the transaction and the related industry risk, numerous firms were ultimately asked to opine on the company's asset values. Ultimately, everyone's opinion was tested in a liquidating bankruptcy. Only AccuVal's conclusions were proven accurate following the disposition of the company's assets.
Bottom Line: AccuVal Delivers Accurate Information to Guide Company Forward
AccuVal exists to provide companies with independent and accurate information to support critical business decisions. Of all the firms solicited for valuation opinions, only AccuVal's appraisal conclusions were determined to be accurate.
The AccuVal AdVantage™
Deep industry knowledge and understanding of global markets. Expertise valuing special purpose machinery and real estate. Enthusiasm to learn. Drive to deliver on time. Confident advice. That's The AccuVal AdVantage™ at work.
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