Gridiron Capital Announces Class Valuation’s Acquisition of Synergy Appraisal Services
NEW CANAAN, CT, July 20, 2021 – Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Class Valuation (the “Company”) has acquired Synergy Appraisal Services (“Synergy”). Class Valuation is a leading, technology-enabled appraisal management company (“AMC”) focused on providing regulatory-compliant appraisals to the nation’s largest mortgage lenders and originators.
Based in Troy, Michigan, Synergy serves 160+ customers including mortgage lenders, community banks, credit unions and credit union service organizations. Synergy leverages its network of professional appraisers to serve customers across 46 states. The acquisition will increase Class Valuation’s market density within the Midwest and Western markets where Synergy is strongest and create new relationships between Class Valuation and high-quality appraisers in these areas.
“I am proud of the journey and team that built Synergy Appraisal Services,” said David Dill, CEO and Founder of Synergy. “I am 100% confident that our customers will continue to receive the exceptional attention, quality and service that they expect from Synergy Appraisal Solutions in our new partnership with Class Valuation. Our services will strengthen further as we leverage the technology and innovation platform that Class Valuation has developed—we are excited to be part of the future of our industry.”
John Fraas, Chief Executive Officer of Class Valuation, stated, “We are excited to welcome the Synergy team to the Class Valuation family. Along with shared roots in Troy, Michigan, we are aligned in our approach to provide our client partners with unparalleled quality and service. Utilizing Class Valuation’s propriety technology and leveraging strong appraiser relationships and data resources, the combined organizations will bring superior service to all of our clients.”
Tom Burger, Co-Founder and Managing Partner at Gridiron Capital, stated, “We are impressed by the success of David Dill and Synergy’s outstanding team and are excited to move forward as partners.”
Will Hausberg, Managing Director at Gridiron Capital, added, “Synergy’s organization has phenomenal leaders and team members that will be an integral part of continuing to grow Class Valuation’s world-class platform within the residential valuation industry.”
Berkery Noyes served as exclusive financial advisor to Synergy Appraisal Services.
About Gridiron Capital, LLC
Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. We help transform growing companies by winning together through hard work, partnerships grounded in shared values and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, we know what it takes to run successful businesses on a day-to-day basis. Additional information is available on the firm’s website: www.gridironcapital.com.
About Synergy Appraisal Services
Synergy Appraisal Services is an Appraisal Management Company providing high quality valuation and consulting services for residential and commercial lenders and investors. Synergy’s primary focus is to provide a compliant platform for lenders and real estate appraisers. The Company’s core business model is centered on providing valuation services for residential and commercial properties.
About Class Valuation
Class Valuation is a top nationwide Appraisal Management Company (AMC), delivering outstanding quality and service to every client. The company is committed to combining the best people, products, processes, and technology available to help lenders make more homeownership dreams come true. Class has consistently been ranked highly in client service by several of the nation’s top ten mortgage lenders and has been recognized as a top place to work, along with receiving many other industry awards. Founded in 2009, Class Valuation is headquartered in Troy, Michigan. For more information, please visit www.classvaluation.com.
For Additional Information:
For Gridiron Capital, LLC:
Thomas A. Burger Jr., Co-Founder and Managing Partner
For Class Valuation:
John Fraas, Chief Executive Officer