BBG, a national commercial real estate valuation, advisory and assessment firm, has completed the acquisition of Abergel & Associates, an appraisal firm in Los Angeles, CA.
BBG ranks among the largest U.S. real estate valuation and assessment firms, with more than 20 offices nationwide. Terms of the acquisition were not disclosed.
The acquisition of Abergel & Associates is BBG’s second acquisition in the Western Region within the past year. In September, BBG acquired Denver-based Commercial Valuation Consultants.
Abergel & Associates was founded by the firm’s CEO Michael Abergel, MAI. Abergel & Associates employs a group of professionals, with extensive expertise across all property types, who will also be joining BBG.
In his new role, Abergel will join the BBG team as Managing Director of the Los Angeles office. He will be responsible for overseeing the office’s operations, creating new business opportunities, and quality control.
Prior to the founding his firm in 1994, Abergel was a vice president at Koeppel, Tenner, Riguardi Inc. Earlier in his career, he held staff positions at American Appraisal Associates and Fuller Associates.
“Our acquisition of Abergel & Associates will play a vital strategic role in the continuing strong growth of BBG in the Western Region as well as nationally,” said BBG CEO Chris Roach.
“Michael has deservedly earned a reputation as one of the best minds in the business today, and we are extremely fortunate to have someone of his caliber join our company.”