APPRAISAL AND  VALUATION SERVICES

ACCURATE VALUATIONS BY TRUSTED PROFESSIONALS 

HYPERAMS provides accurate, confidential, and competitively-priced inventory and machinery and equipment valuations and appraisals conducted within the guidelines of the Uniform Standards of Professional Appraisal Practice. HYPERAMS’ appraisals and valuations are customizable based on the needs of the client; we specialize in appraising hard-to-value, complex assets, and can provide gross and net values based on a variety of scenarios, including:

  Forced Liquidation Sale;

  Orderly Liquidation Sale;

  Fair Market Value - Installed; and

  Fair Market Value - Removed.

HYPERAMS’ Asset Disposition Services Division conducts live, webcast, and online auctions of machinery and equipment, as well as retail liquidation projects. HYPERAMS also offers  inventory management and maximization solutions to retail clients. These services provide HYPERAMS’ appraisal team with a direct understanding of the dynamic economic and market factors that can influence an appraisal’s recovery values, allowing  for project managers to more accurately gauge the results that may be achieved in a liquidation. 

Industries Appraised

 

HYPERAMS has experience valuing assets in almost all industry verticals, from machinery to consumer products.  

Metals and Metalworking

Woodworking

Construction Equipment and Inventory

Technology and Consumer Electronics

Paper/Printing

Machine Shops/Fabrication

Packaging

Chemicals/Plastics

Landscaping, Nurseries and Agricultural Inventory and Equipment

Healthcare, Medical Devices and Equipment

Automotive and Rolling Stock 

Retail/Consumer Products 

Building and Home Improvement

Facility Support Equipment

Oil/Gas and Green Technology

Food, Food Processing, and Restaurants

The HYPERAMS Appraisal Process

 

The HYPERAMS appraisal process is designed with clients and companies in mind by quickly and efficiently maximizing our understanding of the company and its assets while minimizing operational interruptions.  The appraisal process typically includes initial data collection, the scope of which is largely dependent on the appraisal type and industry; a field visit to production or warehouse          facilities and retail stores (if applicable);  discussions with management  regarding data and trends (for inventory appraisals); data analysis and comprehensive report generation; and post-report issuance and discussions:

  HYPERAMS first discusses with the client and company the scope of the appraisal, identifies the assets to be appraised, and determines the value definition(s) to be used. 

  Once the appraisal parameters are determined, HYPERAMS appraisers will either physically inspect and photograph the assets, or obtain detailed information regarding the assets from the company. Ideally, all data received will be in an MS Excel File. For M&E appraisals, HYPERAMS appraisers will also discuss with management qualitative factors that may impact value, such as maintenance practices, upgrades and rebuilds, how the assets are used and where they are stored, as well as any transfers or dispositions of similar equipment. For inventory appraisals, management interviews are conducted during or after the field visit. These interviews are an important tool for understanding the company, its products and processes, accounting practices, and current business status. It also gives management an opportunity to explain sales, gross margin, and inventory trends illustrated in the data, as well as to note key company initiatives or business developments that may impact business trends in the future. 

  HYPERAMS will analyze both the quantitative and qualitative company-provided data in developing its final report. HYPERAMS’ valuation is dependent on the quality and detail of the information received, discussions with management, industry trends and factors, as well as its liquidation and auction experience. For net recovery values, HYPERAMS will also calculate the costs and expenses associated with running a sale. 

  After HYPERAMS issues the report to the client, the project manager and client relationship manager will avail themselves to any questions regarding the report or key inventory factors that influenced the valuation that the lender or the company may have.

Download Our Appraisal Process Guide for more information. 

Valuation Definitions 

Machinery & Equipment and Inventory assets are appraised based on the following value definitions, as described by the American Society of Appraisers:

 

Forced Liquidation Value (FLV): An opinion of the gross amount, expressed in terms of money, that typically could be realized from a properly advertised and conducted public auction, with the seller being compelled to sell with a sense of immediacy on an "as-is, where-is" basis, as of a specific date.

 

Orderly Liquidation Value (OLV): An opinion of the gross amount, expressed in terms of money, that typically could be realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers), with the seller being compelled to sell on an "as-is, where-is basis," as of a specific date.

 

Fair Market Value - Removed (FMV-R): An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering removal of the property to another location, as of a specific date.

 

Fair Market Value - Installed (FMV-I): An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering market conditions for the asset being valued, independent of earnings generated by the business in which the property is or will be installed, as of a specific date.

Decades of Experience Valuing Complex Inventory and Machinery & Equipment ​

HYPERAMS’ appraisal division has experience valuing inventory and machinery and equipment in almost every industry vertical from construction and metal fabrication machinery to food and beverage equipment and consumer products. Whether you need to know the value of a single piece of equipment or the total value of a company asset listing, HYPERAMS’ well-honed appraisal methodology takes into account a variety of external and internal factors, liquidation experience, and a comprehensive understanding of the company and its assets.

Prioritizing Client Relationships

HYPERAMS offers its appraisal clients all of the expert, quality services they’d expect from a larger  firm, with the flexibility, responsiveness, and           attention-to-detail of a smaller one.  HYPERAMS takes a boutique approach to the appraisal business. Senior management will be involved in the           entire process. We will work with you to understand your need and find the appropriate solution.

 

Clients include local, regional, and national financial institutions and private equity firms; restructuring/turnaround professionals; and business owners.

 

Our firm provides appraisal reports to top industry companies including:  BMO Harris Bank, The PrivateBank, Bibby Financial Services, North Mill         Capital, MB Financial Bank, CapX Partners, and Associated Bank.

Contact Us

Jonathan Deptula

Director of Appraisal Services

(847) 499-7028

jdeptula@hyperams.com

 

Dan Quirk                                                                                                       

Managing Director of Valuations, Business Development

(262) 339-5326

dquirk@hyperams.com

Gene Arenson

Senior Vice President

(262) 225-5857

garenson@hyperams.com

Kathleen Parker

Director of Business Development

(847) 499-7049

kp@hyperams.com

Terms and Conditions


1. IDENTIFICATION: All purchasers are required to register and give their full name and address. All perspective international webcast bidders must post a 10% deposit of approximate planned spending budget or minimum of $5,000.00 to be approved. No exceptions will be made. The auctioneer may require a deposit from any bidder prior to approval to bid. 2. Buyer is responsible for any applicable Sales and Use Taxes and will supply the Auctioneer or Seller with documentation and proof that is acceptable to the State in which assets are located as satisfactory to the Auctioneer. Should the State reject such documentation buyer will make the payment of said taxes immediately and agrees to defend Company/Seller from all tax claims. In any case the sales tax liability remains the sole obligation of the purchaser purchases without proof of exemption, sales tax at the applicable rate will be added to the purchase price plus the buyer’s premium and remitted to the Auction Company. 3. A Buyer’s Premium (15% ON SITE,18% ONLINE) of the bid price will be added to the price of each item purchased to arrive at the total purchase price. 4. The Auctioneer reserves the right to group, reduce, add or delete lots. The Auctioneer reserves the right to bid on behalf of the owner. 5. REMOVAL: Buyer is solely responsible to provide any personnel, equipment or material needed to pick up purchases and shall assume all responsibility for the removal of any item purchased at the sale. Buyer is required to remove within the stated time frame which is on the invoice unless prior arrangements have been made in writing and approved by the Auctioneer. All purchases must be removed in their entirety. Items will be considered abandoned, and buyer shall lose all rights to said equipment without recourse or refund due from Auctionneer after the removal deadline. 6. Although information has been obtained from sources deemed reliable, the Auctioneer makes no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained or the fitness for duty of any of the assets. All assets are being sold “AS IS, WHERE IS, NO EXCEPTIONS”. 7. If for any reason an item shall become non-deliverable, the Auctioneer shall not, in any event, be liable for non-delivery, or for any other matter or thing, to any Buyer of any lot, other than for the return to the Buyer monies paid to the Auctioneer for said lot, should the Buyer be entitled thereto. No adjustments will be made after the assets are removed from the sale site. 8. PAYMENT: Invoices must be paid in full by close of business of the date listed on invoice. A buyer’s premium (15% on site,18% online) will be applied to all invoiced sales and sales tax will apply without appropriate proof of exemption. Business checks will not be accepted without a letter of verification from your bank similar to below: (Your Bank Name) unconditionally guarantees payment to HYPERAMS, LLC from (Your Company Name) up to the amount of __________. This guarantee will be valid for purchases made at the auction of (Auction Name) on (Auction Date). NO ASSETS WILL BE RELEASED UNTIL INVOICE IS FULLY PAID. 9. MANNER OF PAYMENT: All deposits and balances due shall be payable to the order of HYPERAMS, LLC. All payments must be made by Cash, Cashier`s Check, Wire Transfer or Company Check with Bank Letter of Guarantee. The full purchase price on all lots sold to the same buyer must be paid in full by the date listed on invoice and before removal of any of the assets. 10. All assets are being sold “AS IS, WHERE IS” and buyer acknowledges they have inspected all assets prior to bidding. While all care was taken in gathering information on the equipment that is for sale, the Auctioneer will not be held responsible for the correctness of the descriptions. INSPECT BEFORE YOU BUY! 11. All persons are inspecting, bidding and removing assets at their own risk and liability without recourse on the Auctioneer. Further the undersigned and their employees or agents agree to hold the Auctioneer and their agents and employees harmless from all claims of any kind or type. 12. All sales are in US Dollars. 13. By agreeing to these terms and conditions you signify that you have the authority and you are binding your company, yourself (as an individual and/or employee) and any agents or persons who conduct business using your buyers number and/or under your employment or control. This includes liability as to payment and all disclaimers. 14. Buyer hereby agrees to defend, indemnify and hold harmless the Auctioneer, their directors, officers, employees and other agent representatives from and against any and all liabilities, judgments, claims, settlements, losses, damages, penalties, obligations and expenses, including attorney’s fees, incurred or suffered by such person arising from, by reason of, or in connection with any loss, damage or injury to person or property arising from, by reason of or in connection with the assets sold hereunder. 15. Any controversy or claim arising out of or related to this Agreement, or any alleged breach of the terms hereof, shall be settled by arbitration in accordance with the rules, procedures, and regulations promulgated by the American Arbitration Association (“Arbitration Proceeding”). The arbitration hearing shall be held in the State of Illinois. The Parties hereby agree that the award rendered by the person conducting the Arbitration Proceeding (“Arbitrator”) shall be final and nonappealable, and judgment may be entered upon the award in any court of competent jurisdiction. The Arbitrator shall not have the authority to award punitive damages against either Party. The Party who files notice of demand for an Arbitration Proceeding (“Initiator”) must assert in such demand all claims then known to the Initiator against the other Party (“Respondent”), and the Initiator may amend its demands and claims only with the consent of the Arbitrator. 16. Backup Bidder: If a winner at the auction does not meet obligations to pay for the lot purchased, the next highest bidder will be considered the winning bidder and will be required to close on such purchase within the terms and conditions herein. 17. ADDITIONAL TERMS AND CONDITIONS: The Auctioneer may add other terms and conditions of sale, such additional terms and conditions to be posted online prior to the auction. 18. All online bids are considered offers until the Auctioneer sends out the invoices for the auction, at which time the sale is final. Auctioneer reserve the right to, (1) cancel, suspend, extend or reschedule the sale of an individual lot, auction and/or auction event, (2) make changes to the auction’s closing, inspection, or removal times, or (3) take any other action the Auctioneer deems necessary to affect the fair conduct of this sale/auction. It is recommended that you check your emails often during the auction for updates and/or changes to the auction process.




Payments and Fees


Payment Due Date: Invoices must be paid in full within the time frame specified by the Auctionneer and before removal of any of the assets of the sale unless otherwise specified. No assets will be released until invoices are paid. Accepted Payment Forms: All deposits and balances due shall be payable to the order of HYPERAMS, LLC. Acceptable forms of payment include wire transfer, company check with a bank letter of guarantee, cashier's check, cash. All sales are in U.S. Dollars. HYPERAMS does not accept credit cards. Business/company checks will not be accepted without a letter of verification from your bank similar to the example illustrated below: (Bank Name) unconditionally guarantees payment to HYPERAMS, LLC from (Company Name) up to the amount of __________. This guarantee will be valid for purchases made at the auction of (Auction Name) on (Auction Date). Buyer's Premium: HYPERAMS and its partners impose a buyer's premium on any goods sold to help defray auction expenses. The buyer's premium is a reflected as a percentage that is added to the final purchase price of any item. WEBCAST BUYERS: 18% BP for buyers paying via Cash, Cashiers Check, Company Check or Wire Transfer will apply to your purchase

(Example: a $100 purchase would total $118 with BP) Final Sale Notice: All assets are being sold “AS IS, WHERE IS” and buyers acknowledges they have inspected all assets prior to bidding. While all care was taken in gathering information on the equipment that is for sale, HYPERAMS or its partners will not be held responsible for the correctness of the descriptions. As such, HYPERAMS and its partners recommend buyers, if able, to inspect items before purchasing. All persons are inspecting, bidding and removing assets at their own risk and liability without recourse on HYPERAMS or its partners. Sales Tax: Buyers must pay all sales, export, use and other taxes due to any federal, state or local taxing authority on their purchase. To receive the benefit of any tax exemption, the buyer must supply the auctioneer with a sales tax exemption certificate.




Removal and Shipping Information


Removal and Shipping Responsibility: The Buyer is solely responsible to provide any personnel, equipment, or material needed to pick up purchases and shall assume all responsibility for the removal of any item purchased at the sale. The Buyer is required to remove items within the stated time frame on their invoice unless prior arrangements have been made in writing and approved by the Auctioneer. Insurance Certificates: Buyers may remove assets themselves or hire any rigger company that they so choose. Buyers, or their riggers, must provide the Auctioneer and the owner of the premises of the sale a certificate of insurance in amounts acceptable to the Auctioneer prior to removal of any Lot. On small lots which are considered "hand carry," no insurance is needed. Removal Dates: See Bidspotter for Removal Dates. Items will be considered abandoned, and buyer shall lose all rights to said equipment without recourse or refund due from the Auctioneer after the removal deadline. Riggers: HYPERAMS will provide a list of local rigging companies that have expressed interest in assisting with removals for this auction on Bidspotter. The list is a courtesy only; buyers may choose to pick up lots themselves or hire the rigging company of their choice with proper insurance certificate (see above regarding insurance certificates).