Kirk Waibel

Marketplace Machinery, Inc. Kirk C. Waibel, ASA, President Education Kirk attended Michigan State University, graduating Magna Cum Laude with a pre-law Bachelor of Arts degree in 1991. He earned his law degree from Wayne State University in Spring, 1994 and began the practice of law in the Fall of 1994. Practice of Law From 1994 to early 1999 Kirk practiced law in the area of civil litigation. He has significant civil and administrative law trial experience as well as extensive alternative dispute resolution experience. Industrial Auctioneer and Appraiser At the beginning of 1999 Kirk transitioned to a job with Williams & Lipton Company, an industrial auction and appraisal firm. The transition from litigator to industrial appraiser/auctioneer was made easier by the fact that Kirk had spent high school and college summers operating metalworking machinery in a family-owned machining and fabrication business. Kirk continued working at Williams & Lipton through the beginning of 2007 gaining more than eight years' experience appraising and liquidating machinery and equipment. During his tenure at Williams & Lipton Company he participated in the completion of more than 1,000 machinery & equipment appraisals and over 200 industrial liquidation projects throughout the United States, Canada, and Mexico. During this time he gained detailed knowledge of many equipment types including: • Plastics : Injection molding, profile and film extrusion, vacuum forming and blow molding. • Metalworking: CNC/manual cutting, turning and grinding; stamping; forging; wire forming and aluminum extrusion. • Printing: Offset, digital, flexographic, web, and die cutting. • Foundry: Lost foam, sand and die casting. • Construction: Excavation and road building. • Transportation and Material Handling: Trucks, trailers, rigging and material handling. • Processing Equipment: Chemicals and adhesives. • Food and Beverage: Restaurant, grocery, and processing. • Medical: Professional offices, biotech, and medical device manufacturing. His machinery and equipment valuation experience at Williams & Lipton was primarily in the area of asset-based lending. Within this context he has performed valuations of all of the equipment types listed above as well as many others. His machinery and equipment sales experience includes private treaty sales, public auction sales, and managed liquidation events involving individual machines as well as partial and entire facilities. While at Williams & Lipton Company he gave regular presentations to asset-based lending and workout groups at banks. Topics included current equipment values, auction/liquidation process and pitfalls associated with collateral sales. Machinery and Equipment Valuation at a "Big Four" Accounting Firm At the beginning of 2007 he left Williams & Lipton Company and began working as a manager in the Economic and Valuation Services (EVS) practice of KPMG, specializing in the valuation of machinery and ...[truncated]