DALLAS, July 28, 2015 /PRNewswire/ –Â Butler Burgher Group (BBG), a leading national commercial real estate valuation, advisory and assessment firm, announced new senior-level staff members have joined the New York office to enhance BBG’s advisory, financial reporting and appraisal review services. These positive changes are examples of growth made possible in part by the firm’s recently completed recapitalization with Silver Oak Services Partners LLC.
“The positive momentum we are building is incredibly exciting,” said Diane Butler, CEO. “Adding these industry leaders to our team expands our capabilities in New York and throughout the firm. These high-level appointments and the relationship with Silver Oak position us for the next phase of growth.”
Louis Yorey to Lead New Advisory Services and Financial Reporting Practice for BBG
Louis Yorey MAI, MRICS joins BBG as a senior managing director and practice leader of Advisory Services. In this role, he leads the new Advisory Services group BBG and oversees the financial reporting services on a national basis. He has over 25 years of experience in real estate valuation specializing in assignments for financial reporting and REIT acquisitions and conversions. He joins BBG from PricewaterhouseCoopers (PwC). His valuation experience includes ASC 805 valuations, REIT conversions, corporate planning and FIRPTA issues. He has provided valuation and consulting services for investment-grade properties and portfolios in local, national and international markets across all property types.
“We are extremely fortunate to have Louis on the BBG team,” Butler said. “His knowledge and experience ensures that our new advisory services practice offers the highest level of expertise and service in the industry.”
BBG Adds Former Deutsche Bank Officials to Enhance Appraisal Review Capabilities for CMBS and Other Loan Types
Andrew Babienco, MAI, MRICS, has joined BBG at the director level. He has over 36 years of experience in real estate valuation, most recently with Deutsche Bank. In this role he will provide appraisal review services for CMBS and other loan types on behalf of BBG’s financial institution clients.Â His broad expertise includes appraisal, advisory and due diligence across a variety of financial channels including CMBS, conduit, bank syndication, special situations and private wealth. He has worked with loan products including balance sheet loans, conduit loans, large loans, floating rate transactions and NPL loans.
Helen Peng, MAI, MRICS, is a director in New York City. She has over 28 years of experience in real estate valuation. In this role, she will provide appraisal review services for CMBS and other loan types on behalf of BBG’s financial institution clients. She joins BBG from Deutsche Bank. Her diverse experience includes consulting, due diligence and prescreening of deals, which involved transaction assessment, cash flow analysis (Argus), market research, site visits and documentation review. She also ordered and reviewed appraisals and conducted due diligence for portfolios of all property types on a national and international basis.
“Our growth is in direct response to our clients’ needs,” Butler said. “Serving clients well has resulted in success that in turn helped us attract three of the most qualified valuation and advisory services professionals in the country.”
BBG Completes Strategic Recapitalization with Silver Oak Services Partners, LLC
Fueling BBG’s growth is a recently completed recapitalization effort led by Silver Oak Services Partners, LLC that was completed in partnership with BBG management and co-investors.
“Our partnership with Silver Oak provides the additional capital resources and expertise we need to solidify our position as the nation’s leading, independent valuation and advisory services firm,” Butler said. ”
“We are very excited to partner with Diane Butler and the rest of the team at BBG,” said Greg Barr, managing partner at Silver Oak. “The company has a successful track record and a strong reputation in the market. We believe BBG is poised for significant growth following several new office openings and a recent acquisition, each expanding the company’s geographic presence and capabilities.”
BBG leadership retains a significant ownership stake in the business and continues to drive the day-to-day operations and long-term strategy for the firm. Deloitte Corporate Finance LLC acted as exclusive financial adviser to BBG on the transaction. Terms of the transaction were not disclosed.
BBG is a leading national valuation, advisory and assessment firm headquartered in Dallas with offices from New York to California. Nationally ranked as one of the Top 4 commercial real estate firms in the U.S., and led by former CREW Network President, Diane Butler, BBG has experts in all facets of commercial real estate. From multifamily and student housing, to large portfolio projects, BBG achieves big results.
About Silver Oak Services Partners LLC
Silver Oak Services Partners is a lower middle market private equity firm focused exclusively on service businesses.Â It seeks to make control investments in leveraged acquisition, recapitalization, build-up and growth transactions in business, consumer and healthcare service companies.Â Silver Oak Services Partners is investing out of its second fund which had a final close in April 2013 with total commitments of $206 million.Â For more information, visit www.silveroaksp.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Contact: Laura Schieber