Forsythe Appraisals Opens New Branch Office in Orlando

Orlando, Florida--Forsythe Appraisals announces the opening of their newest branch office in Orlando, Florida. The Orlando location is Forsythe’s first branch office to be located in Florida and is the twenty-fourth branch opening nationwide. The opening of the Orlando office is the third of five new branch openings slated for 2005--part of the company’s multi-year growth strategy to significantly increase the number of branch offices it operates across the country.

“We’re very excited about the opportunity to establish a presence in the Orlando area. It is a key geographic component in continuing our national expansion strategy. We also look forward to providing both our new local and existing national clients with the same exceptional customer service that has fueled our growth throughout the country.” stated Tim Forsythe, Chief Executive Officer of Forsythe Appraisals.

The Orlando branch will be managed by Rick Garrie, an 11- year veteran in the appraisal industry. Garrie’s experience includes appraising for mortgage lending, divorce settlements, foreclosure and four years as a county assessor in the state of Missouri.

Headquartered in St. Paul, Minnesota, Forsythe Appraisals LLC is one of the largest independent providers of residential real estate appraisal services in the United States. Founded in 1940 by the grandfather of the company’s current CEO and President, Forsythe currently operates 37 branch offices providing a presence in Minnesota, Colorado, Ohio, Illinois, Wisconsin, Texas, Massachusetts, Rhode Island, New Hampshire, Connecticut, Michigan, Nevada, Idaho, Washington, Arizona, Indiana and most recently, Florida.

Forsythe is owned primarily by Hillcrest Capital Partners (HCP). HCP is a private investment firm managed by John and Jeff Turner, father and son, respectively. John Turner is former Chairman and CEO of ReliaStar Financial Corp., a Fortune 500 financial services company which was acquired by ING in September 2000. Jeff Turner is former Co-Head of the Middle Market Mergers and Acquisitions Group at U.S. Bancorp Piper Jaffray. HCP was formed in May 2002 to make control investments in high quality, small businesses in the Midwest.

Branch Contact Information:
Rick Garrie
Forsythe Appraisals LLC
1110 Douglas Avenue, Suite 1002
Altamonte Springs, Florida 32714-2081
Phone: 407-262-0010
Fax: 407-831-0010
E Mail: rick@orlando.forsytheappraisals.com

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