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HYPERAMS Merging with Blackbird Asset Services

January 11, 2022, 07:07 AM
Filed Under: Mergers & Acquisitions

HYPERAMS, LLC announced 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.

Fiegel 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, Fiegel 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, Fiegel 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, he will add real estate auction services to the HYPERAMS platform, allowing a new level of turn-key services for our clients.

Fiegel 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). Fiegel 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, “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.”

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