Class Valuation, which is backed by Gridiron Capital, has acquired Greenville, South Carolina-based SouthEastern Evaluation, an appraisal management company. No financial terms were disclosed.
NEW CANAAN, CT, June 8, 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 SouthEastern Evaluation (“SouthEastern”). 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 Greenville, South Carolina, SouthEastern serves 150+ customers including mortgage lenders, community banks and credit unions. SouthEastern leverages its network of professional appraisers to serve customers across 20 states, with a focus on South Carolina, North Carolina, Virginia and other states in the region. The acquisition will increase Class Valuation’s market density within the southeastern US and create new relationships between Class Valuation and high-quality appraisers in these markets.
“We are excited to join forces with Class Valuation,” said Mark Chapman, CEO and Founder of SouthEastern. “We are confident that our existing team and Class Valuation will continue to provide our customers with the same excellent and unparalleled quality and service they have come to expect from SouthEastern Evaluation.”
John Fraas, Chief Executive Officer of Class Valuation, stated, “The talented SouthEastern Evaluation team, empowered by Class Valuation’s proprietary technology, will allow the combined organization to drive even better service-level outcomes for SouthEastern Evaluation customers.”
Tom Burger, Co-Founder and Managing Partner at Gridiron Capital, stated, “We are thrilled to welcome SouthEastern Evaluation to the Class Valuation family as the Company continues to build out its geographic footprint and relationships with high-quality appraisers.” Will Hausberg, Managing Director at Gridiron Capital, added, “SouthEastern adds an outstanding team to help Class continue to deliver best-in-class service within the residential valuation industry.”
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 SouthEastern Evaluation
SouthEastern Evaluation is an Appraisal Management Company providing high quality valuation and consulting services for residential and commercial lenders and investors. SouthEastern’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.