Boston, October 6, 2022 (GLOBE NEWSWIRE) – Gordon Brothers, a global consulting, restructuring and investment firm, and TAGeX Brands, one of the country’s largest restaurant liquidation institutions, food service operators, supermarkets and general grocery stores, a strategic alliance to provide comprehensive real estate and equipment services to support the catering industry, including the purchase of surplus equipment and real estate.
Gordon Brothers and TAGeX Brands bring together decades of experience in real estate and equipment disposal to help clients and partners find new real estate locations; negotiate, restructure and terminate lease agreements; and acquire, source, purchase and redeploy equipment and supplies.
“Gordon Brothers and TAGeX Brands share a commitment to making the best use of assets for our customers,” said Tom Pedulla, president of real estate at Gordon Brothers. “Our strategic alliance optimizes real estate; maximizes surplus equipment and inventory asset value; and repurposes machinery and equipment while promoting sustainability in the industry. ”
“Our alliance with Gordon Brothers allows us to deal with surplus equipment and inventory quickly so that we can increase liquidity and provide fast guaranteed results for our customers and partners,” said Neal Sherman, Founder and CEO of TAGeX Brands. “We look forward to working together to solve the unique challenges facing today’s catering industry.”
Gordon Brothers invests in compelling value-added opportunities including distressed, transitional and overabundant corporate real estate. The company offers a variety of equity strategies including asset acquisitions, joint venture equity investments, and leaseback sales. Gordon Brothers also offers owners a variety of debt strategies, including soft loans, bridging loans and secondary financing.
In addition to the real estate investment platform, Gordon Brothers offers a range of real estate services, such as restructuring and termination of leases, lease renewals, site selection, expansion of internal real estate departments, portfolio reviews and property sales.
Since 1903, Gordon Brothers (www.gordonbrothers.com) has been helping lenders, management teams, advisers and investors to move forward through change. The company offers customers a powerful combination of knowledge and capital by developing individual solutions on an integrated or stand-alone basis in four service areas: pricing, scheduling, financing and investment. Whether it is to drive growth or facilitate strategic consolidation, Gordon Brothers works with retail, commercial and industrial companies to ensure maximum liquidity, maximum and best use of assets and debt relief. The company carries out orders and valuations worth over $ 100 billion annually and provides clients in transition with both short and long-term capital. Gordon Brothers extends loans and invests in brands, real estate, inventory, accounts receivable, machinery, equipment and other assets, both collectively and individually, to provide clients with liquidity solutions that go beyond market-leading disposition and pricing services. The company is based in Boston and has over 30 offices on five continents.
For more than 30 years since its inception, TAGeX Brands has provided decommissioning and advisory services to thousands of independent, multi-chain and corporate partners. Thanks to its exclusive offering, TAGeX has successfully grown into a North American company with multiple distribution warehouses, points of sale and various points of contact with consumers through its digital sites and applications. As a domestic source for restaurants, supermarkets, food service operators, real estate companies and financial institutions, TAGeX provides facility shutdown, equipment relocation and decommissioning services selling surplus new and used furniture, fixtures, equipment, small appliances, supplies and consumables. Its eight markets recently posted record subscriptions for excess sales and achieved over a million views per day on its multi-platform offerings. Headquartered at a former 1,000-acre military base in the Finger Lakes region of upstate New York, with facilities nationwide, TAGeX is a pioneer in the sustainability and reuse of equipment in the catering industry.
Lauren Nadeau Gordon Brothers +1.617.422.6599 lnadeau@gordonbrothers.com
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