Hilco Enterprise Valuation Services, a business asset appraiser and valuation advisor, has added Andy Blumenstock to its enterprise valuation team as a managing director.

Blumenstock will provide valuation services to corporate clients and alternative investments managers involving tax and financial reporting services, portfolio valuation, strategic valuation projects and transaction options. Blumenstock focuses on helping clients understand the value of their businesses through financial, tax and investor reporting valuations and also through capital allocation analyses. Before joining Hilco, he was a managing director of strategy and transactions at Ernst & Young where he led transaction teams supporting clients through acquisitions, divestitures and related strategic transactions.

“Andy is a leader in the business valuation industry with very extensive technical expertise and an ability to inspire the trust and confidence of his clients,” comments Geoffrey Frankel, CEO and senior managing director of Hilco Corporate Finance. “We are fortunate to have him play an important role in the growth of our valuation practice.”