Phoenix, AZ, July 06, 2021 --(PR.com)-- Opteon, an international provider of valuation and advisory services, is pleased to announce the acquisition of The William Fall Group and its related brands, Valuation Partners and Summit Valuation Solutions. The acquisition is a strategic move for Opteon to fortify its U.S. entity, Apex Appraisal Services (Apex).
Moving forward, appraisal management operations for Valuation Partners and Summit Valuation Solutions will function as a division of Apex. A separate entity will be known as The William Fall Group Powered by Opteon.
The acquisition will nearly double the net revenue for Apex. It will also add 165 full and part-time employees for a total of 276 team members in the U.S.
The William Fall Group Powered by Opteon will support Apex by providing priority access to current and future staff appraisers. In addition to providing immediate access for Apex to staff appraisers across the U.S., the acquisition will strengthen Apex's presence on the East Coast and provide a brick-and-mortar location for Apex in Ohio, where WFG is headquartered. Many seasoned leaders will also be joining Apex's management team.
Access to staff appraisers was one of the key reasons for the acquisition. In Australia and New Zealand, Opteon is delivering full appraisal reports often within one hour of inspection and is investing millions of dollars to develop a similar virtual appraisal desk for the American market through Apex. Apex expects to release initial prototypes of the software in select U.S. cities later this year.
"Bringing Apex and The William Fall Group together will help us achieve our current goal-uniting top tier appraisers with out innovative technology to redefine the appraisal industry in the U.S. Our technology will be unlike anything else currently available in the States. It works best with a strong, reliable team of appraisers," said Chris Knight, CEO of Opteon.
Opteon's American prototype of their technology is on the horizon, but the acquisition is expected to benefit both Apex and WFG clients immediately. This combining of companies will expand operations across the U.S. for all involved and will bring together appraisal industry thought leaders.
"I am proud of the legacy and relationships I have established throughout my career," said William Fall, CEO of the The William Fall Group. "I'm excited to now contribute to the modernization of our industry, and more importantly, I am excited to know that my team members, clients and appraisers are in good hands." Fall will retire from his position as CEO of The William Fall Groups and take a respected seat on the Opteon U.S. Advisory Board.
