HYPERAMS, LLC announces that Buffalo, NY based Blackbird Asset Services, LLC will be merging its operation with HYPERAMS effective immediately. Blackbird’s Managing Director, David Fiegel, will assume the role of Managing Director of Auction Services, and manage all facets of HYPERAMS auction operations. All of the New York Blackbird operations—including auction and appraisal services—will remain. We look forward to the additional capabilities and services the HYPERAMS merger bring to the firm.
FOR IMMEDIATE RELEASE
January 11, 2022
HYPERAMS, LLC Announces Merger with Blackbird Asset Services, LLC
HYPERAMS, LLC Continues to Expand Its Capabilities with the Addition of Skilled and Experienced Personnel
Rolling Meadows, IL (January 11, 2022) HYPERAMS, LLC announces that Buffalo, NY based Blackbird Asset Services, LLC will be merging its operation with HYPERAMS effective immediately. Blackbird Managing Director David Fiegel will assume the role of Managing Director of Auction Services and manage all facets of HYPERAMS auction operations.
David joins the team with extensive experience in the auction/liquidation industry as an auctioneer, appraiser, and asset consultant, specializing in industrial machinery, equipment and plant infrastructure. Since its inception, David has grown Blackbird into a respected industry stalwart, and the combination of these two operations will make for a dynamic auction team. In addition to new business development, David will manage the day-to-day activities of the Industrial Disposition division, including due diligence valuation, set up, marketing and both live and online auction functions. More significantly, David will add real estate auction services to the HYPERAMS platform, allowing a new level of turn-key services for our clients. David holds real estate broker and auctioneer licenses in multiple states, is a certified appraiser as designated by the Association of Machinery and Equipment Appraisers (AMEA), and is a member of the National Auctioneers Association (NAA), Turnaround Management Association (TMA), and American Bankruptcy Institute (ABI). David serves on the board of directors of the Industrial Auctioneers Association (IAA) as well as the Upstate NY chapter of the TMA. Blackbird is a member of the Machinery Dealers National Association (MDNA).
Tom Pabst, President of HYPERAMS said, “We are pleased to add David to the team as we take the next step in our evolution. This was a real market opportunity for us and puts HYPERAMS in a position to continue its rapid growth trajectory, not only in talent but adding new markets in Upstate New York and Northeast USA. David brings over 30 years of experience in the auction business, from having worked for some of the largest auction firms in the industry to launching and growing Blackbird over the past 11 years. It is this entrepreneurial spirit, along with decades of practical experience, that make him such a great addition to the team.”
“Merging the Blackbird brand and team with HYPERAMS makes sense on so many levels,” said Fiegel. “The HYPERAMS backbone and Midwest headquarters opens new markets for us, along with adding enormous bench strength in the appraisal division. We’re all very excited with what comes next in the collective firm’s evolution.”
HYPERAMS Senior Managing Director of Appraisal Services Jonathan Deptula added that “David brings an abundance of both auction and appraisal experience to our team, and we are excited to add Blackbird’s clients to our growing appraisal practice.”
About HYPERAMS, LLC
HYPERAMS is a full-service auction, appraisal, retail advisory and liquidation, and reverse logistics firm. The Company specializes in assisting both distressed and healthy companies manage surplus assets by providing clients with a complete asset disposition strategy. The Asset Disposition division focuses on investing in excess assets and conducting live and webcast auctions. The Appraisal division provides valuations of machinery, equipment, and inventory in most industry verticals. Since its inception, HYPERAMS has performed thousands of appraisals, auctions, and store closings on behalf of financial institutions, restructuring/turnaround professionals, private equity firms, as well as business owners.
About Blackbird Asset Services, LLC
Williamsville, NY based Blackbird Asset Services, LLC is a boutique action and valuation firm providing asset recovery solutions and certified appraisals to asset-based lenders and legal professionals nationwide.