BBG, a national commercial valuation and assessment real estate services firm, has expanded its assessment services with the acquisition of Mach-8 Consulting, a York, Maine-based due diligence services firm specializing in HUD-insured property assessment projects. Terms of the acquisition were not disclosed.
BBG named Mach-8 Founder and President Blaine Bauman as senior managing director; he will lead BBG’s new practice group offering environmental and engineering due diligence assessment expertise in HUD-insured assessments for multifamily projects, as well as complementing BBG’s assessment capabilities in other commercial sectors.
The acquisition makes BBG the only independent assessment and valuation firm providing these types of services, the company said, further enhancing the firm’s bundled due diligence service offering of valuation, advisory, property condition, environmental assessment, survey, and zoning services.
Over a 25-year career, Bauman has worked with major financial institutions on HUD programs for multifamily housing, nursing and assisted-living projects and assessments for Fannie Mae and Freddie Mac projects. His experience also includes design, construction and management of groundwater treatment systems, as well as soil and groundwater investigations and blasting litigation support. Prior to Mach-8, Bauman served as a division manager for an international consulting firm specializing in environmental and property condition assessments.
