RICS asset valuation & disposal firm, BPI Asset Advisory, has acquired the Plant & Machinery (P&M) Division of Michael Steel & Co to support ambitious growth plans.

As part of the deal, Mark Hodgson joins fellow BPI AA directors and valuers, Andy Cromack and Luke Hartshorn, further boosting the businesses valuation capacity.

As part of the deal, Mark brings 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 case management resource.

The acquisition enables BPI AA’s continued growth amongst regional & 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 turnaround asset sale period, regardless of instruction size, the deal ensures the continued swift delivery of results in line with client expectations.

Director, Andy Cromack (MRICS) says: ‘The P&M division of Michael Steel & Co is well known in the industry and we’re 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.”

Mark Hodgson says: ‘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 says: “Valuation and sale turn-around 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.

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