New York: Duff & Phelps Corporation, the premier global valuation and corporate finance advisor, announced that it has completed its previously announced acquisition of American Appraisal Associates, Inc., a global full-service valuation and fixed asset management advisor.
Noah Gottdiener, Duff & Phelps’ Chief Executive Officer, said, “We are delighted to complete this transaction and to begin realizing the full promise of this acquisition. Through this combination we now have a valuation practice that spans every asset class, offered in dozens of markets around the world. We look forward to ensuring that our clients benefit from our unique positioning within the global valuation market.”
The American Appraisal brand will transition to Duff & Phelps over the next year. American Appraisal’s Real Estate Advisory Group (“REAG”), which becomes a division of Duff & Phelps with this transaction, will continue to operate under the REAG brand name.
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