CINCINNATI, OH (March 28, 2015) – Asset IQ LLC, one of the nation’s leading asset management companies specializing in golf, marinas, hospitality and commercial and residential real estate, today announced the acquisition of Semple & Associates, a leading provider of auction services since 1959 in the Food & Beverage, Aviation, personal property, automotive along with commercial and residential real estate property.
“Semple & Associates has achieved regional success in the recovery and liquidation of assets for its regional clients. This merger presents us with significant growth opportunities in the region and nationally along with the ability to share best practices that we have worked diligently to develop with our new partner Asset IQ,” commented the firm’s founder, Brent Semple.
As a portfolio company of Asset IQ, one of the nation’s leading remarketing firms of high-value assets, the acquisition extends our portfolio in a valued part of the country, namely Ohio, Kentucky, Indiana and Michigan.
Asset IQ LLC will retain the Semple name along with the existing team and has named Zachary Fink as it’s’ President. The firm will operate out of its regional headquarters in Cincinnati, OH.
“Our target industries remain highly fragmented and economically depressed overall. The lack of professional oversight to ensure the continued viability of these valued assets, presents us with a unique opportunity to form a workout and operational plan that delivers on key financial metrics and changes the landscape of these underperforming assets,” observed Zachary Fink, the firm’s newly appointed President.
To coincide with the acquisition, Semple & Associates will be launching a new website following the completion of a comprehensive branding initiative. The new site includes extensive information, offers and associated features to assist clients and partners in determining the best strategy for remarketing of their assets.
“Our new branding is centered around our client partners,” continued Fink. “It carries the message that everyone at Asset IQ is committed to delivering high-quality services and minimal impact on the current operation–meaning we deliver an experience that our partners can count on, from people they can trust.”
About Asset IQ
Asset IQ is a dedicated provider of remarketing, inventory and asset management solutions that provides our clients with a lower cost and more effective alternative to complex process of reclamation, disposition, ongoing management and resale of high-value assets (either through foreclosure, repossession or end of term). In addition, our marketing approach is custom-designed for each vertical market within a lease or loan portfolio, allowing us to deliver the most impactful results for our clients.
Efficient portfolio management requires an understanding of how to recover, refurbish, manage and remarket assets when a customer defaults, a lease term expires or you simply need better performance out of your assets. We recognize the need to be flexible and creative in keeping these assets economically viable or income producing. Our knowledge and experience in both the management and sale of such assets provides significant benefits to our customers, vendors and partners across the continuum.