BPI Asset Advisory (BPI AA), a RICS asset valuation and disposal company, has acquired the Plant and Machinery (P&M) Division of Michael Steel & Co to support ambitious growth plans. As part of the deal, Mark Hodgson will join BPI AA directors and valuers, Andy Cromack and Luke Hartshorn, further boosting BPI’s valuation capacity.
Mr Hodgson brings has a wealth of P&M valuation experience, spanning corporate and personal insolvency instructions, accrued over 35 years. Michelle Gouldon also joins the BPI team increasing the case-management resource.
The acquisition enables BPI AA’s continued growth amongst regional and national advisory, lending and insolvency firms, without compromising its offering for independent firms. Combined with BPI’s ability to provide a three- to five-week turnround asset sale period, regardless of instruction size, the deal ensures the continued swift delivery of results in line with customer expectations.
Mr Cromack (MRICS) said: ‘The P&M division of Michael Steel & Co is well known in the industry and we are delighted to have Mark on board. His depth of knowledge across asset values will contribute to the delivery of accurate and expedient RICS valuations the market knows BPI AA for.”
Mr Hodgson added: ‘We built the P&M practice by putting client requirements first. The synergies with BPI AA’s approach to client relationships and prioritising delivery made the move a natural fit. Both Michelle and I are delighted to be part of BPI team.”
BPI Group MD David Boulton concluded: “Valuation and sale turnround times are pivotal to BPI’s offering. The acquisition delivers growth for the Asset Advisory division and allows us to continue to respond rapidly to the needs of our clients.”
Michael Steel & Co property division is not part of the deal. It remains a separate trading entity and is open for business as usual.