Hilco Global Frequently Asked Questions
1. What is Hilco Global?
Hilco Global, an independent financial services company, is the world’s preeminent authority on maximizing the value of assets for both healthy and distressed companies. Acting as a principal or agent, Hilco Global has a long and successful history of delivering the best possible result by aligning interests with clients and providing them strategic insight, advice, and, in many instances, the capital required to complete the deal. Hilco Global is comprised of twenty specialized business unit’s help companies understand the value of their assets and then monetize that value. Often, Hilco Global is hired as an advisor to provide consultative services in all aspects of the asset management process.
2. Where does Hilco Global conduct business operations?
Hilco Global serves clients throughout the world through by leveraging a network of 20+ specialized business units that focus on asset valuation, asset monetization and advisory solutions.
Hilco Global has offices and professionals located in 18 major international cities on 5 continents.
3. Is there a difference between Hilco Trading and Hilco Global?
No, it is the same holding company with a new name. In 2013, after decades of success in bringing together a team of the best and brightest talent in the financial services industry, Hilco Trading changed its name to more accurately represent the current scope and scale of the company and the next chapter for the organization.
4. What type of customers does Hilco Global service and why does it have so many business units?
Hilco Global helps healthy and distressed businesses maximize the value of their assets. Hilco Global professionals can serve as advisor, auctioneer, broker, agent, investor and/or liquidator in virtually every class of tangible and intangible asset on a corporation’s balance sheet, including inventory, machinery and equipment, real estate, accounts receivable, IP addresses, trademarks and intellectual property.
After more than 25 years of significant growth and experience we understood that various business specialists were needed in order to best align our client’s interests and customize our services to meet their needs. Today, Hilco Global’s portfolio consists of 20+ Hilco Global companies (or business units) each delivering expert solutions in asset valuation, asset monetization and advisory services.
Leading each of our 20 Hilco Global companies are independent owners who offer a comprehensive menu of integrated services. Owners are key decision-makers in the company who are uncommonly nimble and consistently provide strategies – and implementation of these strategies – that result in the best possible solution for each unique client situation.
4. Who is Jeffrey Hecktman and what is his professional background?
Jeffrey Hecktman is Chairman and Chief Executive Officer of Hilco Global. Mr. Hecktman founded Hilco in 1987 to conduct business asset liquidations. Today, under his leadership, Hilco Global has expanded its services with a portfolio of twenty companies that focus on asset valuation asset monetization, and advisory solutions for clients around the world. Over the course of his career, Mr. Hecktman has structured and directed thousands of transactions valued in the billions of dollars. He received a bachelor’s degree in business administration from the University of Arizona in 1975. He also completed a course of study in international business through George Washington University, attending the Nijenrode International School of Business, in the Netherlands. Mr. Hecktman is also an active member of the National Retail Federation, the Commercial Finance Association, the Turnaround Management Association and the American Bankruptcy Institute.
On a personal level, he is deeply committed to philanthropy, ardently supporting several humanitarian, faith-based and healthcare / medical causes. He’s been a benefactor for earthquake relief in Haiti, stem cell research at the University of Chicago Medical Center and the United States Holocaust Museum. He has a special passion for supporting education in the United States, and around the world, where his efforts include delivering time and financial support to educational relief programs for the Children of Haiti as well as donations to the Chicago Public School system for books, bookshelves, libraries and classrooms.
5. Describe a few recent Hilco Global successful client engagements and/or transactions?
Hilco Global is proud to work on behalf of many recognized clients from around the world, including most recently serving as the agent in one of the biggest turnaround transactions in the United States this year for Hostess Brands, Inc., managing the disposition of their Real Estate, Industrial Equipment, Intellectual Property and handling Physician Plant Asset Security. Hilco has literally conducted thousands of transactions throughout the world representing virtually every asset category.
From GM to Wal-Mart, to Proctor & Gamble and Kodak, Hilco Global has experience in delivering results for leading automakers, international retailers and consumer and industrial manufacturer. In the fall of 2012, Hilco purchased the former Bethlehem Steel Mill, the oldest and largest Steel Mill in North America.
Beyond the work in the commercial, industrial and retail sectors, Hilco invests in iconic consumer brands and retailers such as Halston, HMV, Miss America, Betsy Johnson, Polaroid, Sharper Image, Linens & Things and more.
6. Who are the key management leaders at Hilco Global?
- Jeffrey B Hecktman, Chairman, CEO Hilco Global
- Michael Keefe, CEO, Hilco Merchant Resources
- Cory Lipoff, Partner, Hilco Merchant Resources
- Neil Aaronson, CEO, Hilco Real Estate
- Greg Apter, President, Hilco Real Estate
- Jay Stone, CEO, Hilco Receivables
- Steve Wolf, Partner, Hilco Industrial
- Tom Greco, CEO, Hilco, Valuation Services
- John Chen, EVP CFO Hilco Global
- Eric Kaup, EVP General Counsel, Hilco Global
- Gary Epstein, EVP Chief Marketing Officer
- Ed Siskin, Executive Vice President, Hilco Global
- Paul McGowan, CEO, Hilco Capital
- Mark Smiley, SVP, Hilco Global