Heritage Global Valuations Appoints Gina Griffin as Senior Vice President

Rhea-AI Summary

Heritage Global Valuations, a division of Heritage Global Inc., has appointed Gina Griffin as Senior Vice President. Griffin brings over two decades of expertise in the appraisal and liquidation industry, particularly in retail, consumer products, and e-commerce. She has previously worked at Gordon Brothers and has been serving as a valuation consultant for HGV since 2021. Griffin's appointment is expected to strengthen HGV's position in the market and drive the firm's growth initiatives.

SAN DIEGO, Calif.--(BUSINESS WIRE)-- Heritage Global Valuations (“HGV”), a division of Heritage Global Inc. (NASDAQ: HGBL), a leading appraisal and liquidation firm, is pleased to announce the appointment of Gina Griffin as Senior Vice President. With a remarkable career spanning more than two decades, Griffin brings a wealth of expertise in the appraisal and liquidation industry, particularly in retail, consumer products, and e-commerce.

Griffin’s journey in the industry began over 20 years ago, where she played a pivotal role in the growth of Gordon Brothers, a globally recognized advisory and restructuring firm. During her tenure, she managed a team, cultivated relationships, and worked on large complex projects in retail, e-commerce, brands, intellectual property, and consumer product sectors. Her comprehensive valuation and finance experience, coupled with her ability to quickly understand various aspects of a business, have made her a trusted resource in the field.

Since 2021, Griffin has served as a valuation consultant for HGV, where she significantly contributed to the firm’s success. She conducted valuations primarily serving clients in the asset-based lending industry with a focus on industrial, consumer, and retail inventories. Griffin’s expertise also extends to the Asset-Based and Middle Market Commercial Lending industry, where she provided valuable insights into loan pricing, structure, and risk management covenants.

"We are thrilled to welcome Gina Griffin to our leadership team," said Mike Goldstein, Executive Managing Director of HGV. "Her extensive experience, particularly in consumer products and e-commerce, aligns perfectly with our strategic goals. We are confident that her expertise will further strengthen our position in the market and enhance the value we provide to our clients."

Griffin’s appointment comes at a significant time for Heritage Global Valuations, as the company continues to expand its services and footprint in the industry. With Griffin’s proven track record in managing large teams, cultivating relationships with major banks, private equity firms, and senior company management, she is well-positioned to drive the firm’s growth initiatives.

"I am excited to join Heritage Global Valuations and contribute to the company’s ongoing success," said Griffin. "I look forward to collaborating with the talented team at HGV and leveraging my experience to provide exceptional value to our clients."

Heritage Global Valuations (“HGV") is a division of Heritage Global Inc. (NASDAQ: HGBL). HGV operates under the Industrial Assets business unit and specializes in the valuation of commercial & industrial assets including inventories and machinery & equipment (“M&E”). Valuations are developed based on a number of factors, including an extensive proprietary database containing information about past transactions, firsthand knowledge of the market, and relationships with original equipment manufacturers (“OEMs”) and dealers of industrial assets. Taking into account the economic and competitive environment of the industry in which the business operates, assuring an accurate and reliable appraisal which enables clients to make timely strategic decisions.

Heritage Global Inc. (“HG”) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.

Forward-Looking Statements

This communication includes forward-looking statements based on our current expectations and projections about future events. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this communication are based on knowledge of the environment in which the Company currently operates and are subject to change based on various important factors, including variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global economies, interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company's control. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231102218959/en/

Mike Goldstein

Executive Managing Director

Heritage Global Valuations

561/208.1536

mGoldstein@hginc.com

Investor Relations:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203/972.9200

InvestorRelations@hginc.com

Source: Heritage Global Valuations

FAQ

Who is the new Senior Vice President at Heritage Global Valuations?

Gina Griffin

What is the division of Heritage Global Inc. that appointed Gina Griffin?

Heritage Global Valuations

What is Gina Griffin's expertise in the appraisal and liquidation industry?

Retail, consumer products, and e-commerce

Where did Gina Griffin previously work?

Gordon Brothers

What is the expected impact of Griffin's appointment on HGV?

Strengthen HGV's position in the market and drive the firm's growth initiatives.