Asset Insight and SAI Valuations Merge
Merged Entity Uniquely Able to Provide Powerful World Class Aircraft Valuation and Maintenance Analytics Tools and Resources
April 18, 2016 – Asset Insight, Inc. and SAI Valuations, LLC announced today that the companies have agreed to merge. The new, combined entity will be named Asset Insight, LLC, headquartered in Las Vegas, NV, with offices in Chicago, IL, Amissville, VA, Portsmouth, NH, Vienna, Austria and London, England. Merger of the two companies is effective immediately, and Asset Insight, LLC will be led by:
- • John Spoor as Chairman (formerly Founder and CEO of SAI Valuations, LLC).
- • Anthony “Tony” Kioussis as President & CEO (formerly President and Founder of Asset Insight, Inc.).
- • Barbara Spoor as Executive Vice President (formerly Founder and Corporate Vice President of SAI Valuations).
Operations of the two companies, including web-based aircraft valuation tools, aircraft maintenance analytics, the Aircraft Graybook, and the Asset Grading System Process, and accredited aircraft valuation appraisals, will be combined over the coming weeks. The resulting collection of tools available to the aviation industry will provide aircraft owners, individuals seeking to acquire or sell an aircraft, financial services companies, business aircraft managers, flight department managers, and aircraft asset portfolio managers, the most comprehensive assemblage of valuation and maintenance analytics and resources ever available in the aviation marketplace.
Independently, both companies cultivated reputations for thorough research, experienced analysis, robust product offerings, and long-term customer relationships. Asset Insight, LLC will command a unique position in the asset valuation market,
stated John Spoor, Chairman of Asset Insight, LLC.
Upon merger of operations, Asset Insight will be able to offer the most complete picture of aircraft value available in the industry.
Announcements will follow in the coming weeks detailing the evolution of the merged Asset Insight product line and service offerings. However, Asset Insight’s emerging body of tools will leverage the proprietary Asset Grading System Process that provides a uniform methodology for evaluating and grading an aircraft’s maintenance condition, as well as the aircraft, aviation business, facilities, machinery and equipment, and technical consulting experience of the parties.
I wouldn’t expect any of the existing products or services to fall away. Rather, we see a very real opportunity to bring existing and new services to the market that more fully utilize technology, and the specialization of the merged company’s team, to make them more valuable to aircraft owners, buyers and sellers,
said Tony Kioussis, President & CEO.
This merger is a textbook illustration of the term synergy – the merger of SAI Valuations and Asset Insight equals more than just the sum of the two companies. Together we’re positioned to employ significant amounts of data to bring new levels of information to the market, reducing our customer’s risk and improving the certainty with which they move through their aircraft management and buy-sell decisions.
About Asset Insight: Asset Insight, Inc. (www.assetinsightinc.com) provides aircraft asset evaluation, planning, decision-making, and financial optimization services. The company’s "Asset Grading System Standard" (Patent Pending), and related analyses, provides the ability to translate an asset’s technical condition into easy-to-understand, actionable financial information. Asset Insight is independent of any manufacturer, appraisal firm, financial services firm, or technical services facility, enabling it to provide an unbiased view of an asset’s condition with respect to its technical status and related financial exposure. The company, founded in 2012, is headquartered in Amissville, Virginia (southwest of Washington, DC) and is managed by business, technical and financial professionals with significant experience in aviation asset management.
About SAI Valuations: Since 1991, SAI Valuations (www.saivaluations.com) has provided a broad spectrum of valuation services, from machinery and equipment to business valuation, to their long-time passion of aviation valuation services. As one of the largest aviation valuation firms in the world, SAI has been involved in thousands of aircraft appraisals from light single engine to heavy airline transport aircraft, and has earned a reputation for quality service, responsiveness and innovative use of technology. Headquartered in Las Vegas, NV, and with offices in Chicago, IL and Portsmouth, NH, SAI’s services include valuations, appraisals, audits, asset verification, valuation of aviation businesses and operating assets, determining diminution of value, serving as aviation expert witnesses, and consulting.