Asset-based investment banking firm teams with real estate advisory firm to extend service capabilities for their firms clients
Boca Raton, FL (PRWEB) October 7, 2004 -- Edmond L. Prins CEO of Idled Assets Group and Norman Brickell, Principal of Brickell Realty Advisory Services announced today that the two firms had formed a strategic alliance to better serve their corporate clients with their surplus land, plant and equipment and labor. The companies can now offer complete plant closing solutions for Fortune 1000 corporations including asset-based investment banking services and real estate brokerage that will maximize the return for the client, minimize the time on the market, reduce and or eliminate contingent liabilities and carrying costs and produce positive public relations.
Billions of dollars are trapped on corporate balance sheets represented by locations that have been closed. We know in todays economic environment that companies are looking at every way to squeeze profit and cost out of their operations," said Prins. Brickell continued, Aligning our firms allows the senior management of these large corporations to unlock those bottom-line returns from their idled land, plant and equipment while maintaining their focus on their core businesses."
The companies will capitalize on their principals extensive experience in creating and executing creative solutions beyond real estate.
Idled Assets Group (http://www.idledassets.com) is the pre-eminent asset-based investment banking firm. Our area of expertise is assisting senior management of Fortune 1000 companies and communities with the effects of corporate streamlinings and solvent liquidations. Specifically, IAG creates and most importantly executes Managed Exit Programs. These programs are designed to help IAGs clients deal with closing or closed locations in a manner that will reduce or eliminate contingent liabilities and generate financial return and positive community relations. Edmond L. Prins (eprins@idledassets.com), CEO of Idled Assets Group has over 24 years of experience pioneering asset-based investment management while working at Lehman Brothers, Security Pacific Capital Markets Group and Price Waterhouse. He has assisted clients like Schlumberger, Bethlehem Steel, Sunbeam and over 100 of the Fortune 1000 companies execute programs that go beyond the real estate assets.1.877.72.IDLED
Brickell Realty Advisory Services is a boutique real estate advisory services company working with large corporations on their surplus real estate. Norman Brickell, principal has spent his entire professional career advising corporations on strategies to manage their real estate. As a former senior executive of wholly owned subsidiaries of Lehman Brothers and Metropolitan Life, Brickell was engaged by companies like Citibank, American Express and Bertlesman, AG to assist them with real estate strategy.305.281.3504
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