CINCINNATI, OH (June 9th, 2015) – Semple & Associates Auctioneers, one of Ohio’s leading auction and asset management firms specializing in Golf, food & beverage, aviation, business assets, commercial and industrial assets, automotive, commercial and residential real estate today announced their merger with Asset IQ LLC, a national leader of asset recovery, auction and management services in the Golf and Agriculture industry headquartered in Cincinnati, Ohio.
“Semple & Associates has achieved tremendous success in the liquidation of assets for our clients. This merger presents us with a significant national growth opportunity in the golf industry along with the ability to bring shared best practices to the new partnership” commented the firm’s President and Director, Brent Semple.
Zachary Fink, Asset IQ’s new President commented “This new merger is exciting for our employees and our golf clients. We will now have the ability to serve them on a larger scale. 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 formulate a workout and operational plan that will deliver on key financial metrics that change the landscape of these underperforming assets for our clients.”
Asset IQ and Semple will retain their corporate names as well as their marketing and advertising schedule for the next 180 days. The new company will be headquartered in the Cincinnati, Ohio area. The merged company will immediately expand operations to Florida with offices opening in July of 2015 to focus on resort and golf course liquidations.
“Our new branding initiative will be centered on our client partners,” continued Fink. “It carries the message that everyone at Asset IQ and Semple International is committed to delivering high-quality services with 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.
About Semple & Associates
Our company’s objective is to bring buyers and sellers together, with both parties understanding the value or received a fair price for whatever commodity we are selling – either golf, real estate or business assets.
Semple & Associates, an elite team of highly trained and experienced professionals, has been synonymous with the sale of real estate and commercial assets by auction since 1959. We continue today to be known for the highest standards of service, professionalism, integrity, and results.
A successful auction is no mystery or accident. It is a well-orchestrated and carefully coordinated effort. But the best result is the immediate conversion of property to cash – still returning fair market value – with the minimum investment of time and money.
Semple and Associates is totally committed to making every auction work for both buyers and sellers.
Brent Semple, CAI the CEO, attended Kent State University and Wilmington College majoring in Psychology. Brent has served as director of the Ohio Auctioneers Association. Brent earned the CAI (Certified Auctioneers Institute) designation in 1990. Brent has served as a seminar instructor for the National Auctioneers Association, the Ohio Auctioneers Association and the Auction Marketing Institute. Brent entered the auction industry in 1962 with his father C. Garth Semple, founder of the company.