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Acquisition of AMR


American Appraisal has acquired Asset Management Resources, a Michigan-based provider of fixed asset management services to the manufacturing, healthcare, pharmaceutical and education industries worldwide.

American Appraisal is pleased to announce that it has acquired Asset Management Resources from the global services group of TEKsystems, Inc. AMR, which generated approximately $8 million in average annual revenues in its three most recent fiscal years, provides fixed asset management services to the manufacturing, healthcare, pharmaceutical and education industries worldwide. AMR also delivers a specialized service related to technology assets.

Founded in 1989, AMR focused on developing high-quality service deliverables to assist corporations with personal property tax issues. To optimize tax benefits for its clients, AMR developed a comprehensive approach to fixed asset inventory and reconciliation.  Clients, and even local assessing authorities, recognized the benefits of this thorough approach and the detailed audit trails that resulted. During this time, AMR also became an expert in hand-held data collection processes, ensuring the quality and accuracy of its inventory results.

In the early 1990s, AMR applied its inventory expertise to a new market – information technology asset management. Soon, AMR was the leading vendor for IT asset inventory.

Today, AMR provides fixed asset inventory and reconciliation, IT asset inventory, baseline inventory for asset management initiatives, and personal property tax services. Its services are delivered around the world and assist clients with financial reporting, Sarbanes-Oxley compliance, system migrations, property tax compliance, acquisitions, fresh start accounting, IT asset management and HIPPA compliance, among others.
 

AMR’s client-focused approach parallels that of American Appraisal. Testimonials from AMR clients include phrases such as…

“….professional, engaging, patient, truly diligent & had outstanding character….”

“…hard working, polite, thorough and sensitive….”

“…Their professionalism, support, expertise, responsiveness, and friendliness have been invaluable…”

“…efficient and professional…terrific team!”


Joe Zvesper, Chairman & Chief Executive Officer of American Appraisal, commented, “We are pleased to welcome AMR’s outstanding professionals into our firm.  Our new colleagues bring exceptional credibility and strong relationships to one of our core service offerings; they are market leaders with an extraordinary reputation for enabling clients to achieve operational savings and avoid regulatory noncompliance issues.” 

Read our press release (PDF)

Learn more about fixed asset inventory and reconciliation services

 

 

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