Kroll acquires Appraisal & Valuation Consultants
Global management consultancy Kroll has acquired Appraisal & Valuation Consultants. The move aims to improve the buyer’s support for clients struggling with under-insurance caused by rising costs with market-leading expertise and improved technology.
Rebecca Fuller, Global Head of Fixed Asset Advisory Services at Kroll, commented, “Our new colleagues bring a wealth of specialised expertise that will benefit our energy clients at a time when inflation is driving replacement costs up and many are underinsured. We are delighted to have them on board.”
According to Fuller, the acquisition enhances Kroll’s ability to provide energy clients with technology-enabled solutions that will drive consistency and efficiency in fixed asset valuations, establishing a new standard of excellence in the market. At the same time, the Appraisal & Valuation Consultants (AVC) team brings strong client relationships in complementary markets in EMEA, Asia-Pacific and the Americas.
AVC is an independent firm that specialises in the valuation of oil, gas, petrochemical, chemical, power, mining, metals processing and offshore facilities for insurance and other purposes. The firm’s team of professionals will join Kroll in London, Manchester and Manila, to form a dedicated energy team within its Fixed Asset Advisory Services practice.
The move will see Antony Attwell, CEO and co-founder of AVC, become a Managing Director at Kroll. He will lead the new energy team, reporting into Fuller, in her capacity as Global Fixed Asset Advisory Services Leader.
Attwell added, “Kroll’s market reputation and global platform makes this move an exciting next step for our team. We look forward to bringing our specialist knowledge and technology to the Kroll team to support clients across the energy sector and beyond.”
Kroll’s Fixed Asset Advisory Services wing works to help businesses tackle these changes head-on. The largest practice of its kind globally, the team is part of Kroll’s Valuation Advisory Services practice, and provides both traditional valuation programmes and automated valuation and reporting services, to a range of insurance companies and businesses.
