Maynards Acquires Wolf Industrial Advisors; Steve Wolf to Join Maynards as President of New Division, Maynards Industrial Solutions

Maynards is excited to announce the acquisition of Wolf Industrial Advisors and the creation of a new division, Maynards Industrial Solutions. Building on an unprecedented track record of delivering results during the 2000s and staying true to their values built on integrity and innovation, Sofikitis and Wolf have joined forces to create a new line of business called Maynards Industrial Solutions (MIS). Steve will be the President of this new line of business.

MIS will take a listen-to-understand approach to assessing and exceeding client expectations when dealing with the complex nature of maximizing the disposition of company assets and or business units. The new business unit will leverage the Maynards Group’s existing expertise in the areas of auctions, appraisal, and finance, and will now offer clients additional options when looking to monetize their current assets and real estate.

Maynards’ CEO, Taso Sofikitis, expressed his enthusiasm about the acquisition and the new partnership, stating: “It’s extremely exciting to have had the opportunity to acquire Wolf Industrial Advisors and having Steve Wolf become part of the Maynards Group of Companies.  Maynards has had a tremendous amount of success working with Steve Wolf and we look forward to continuing that in the future.”

Steve Wolf had previously been the CEO and partner of Hilco Global Industrial, starting with Hilco in 2003. Steve left in 2020 to form Wolf Industrial Advisors, when he saw the need for a service provider to help underperforming industrial companies by providing solutions including capital infusion, repositioning, downsizing or a sale process. In total Steve has been involved in over 2000 projects and has sold over $2 billion in industrial assets.

A quote from Steve: “I am so excited to be able to finally join Maynards in the creation of Maynards Industrial Solutions. We will be able to utilize our expertise and deep balance sheet to offer options that were not available through the conventional previous methods being used. In these challenging markets, we have the ability and the capital to move quickly and realize better results for all the parties involved!”

About Maynards Group of Companies:

The Maynards Group provides industrial machinery and equipment auction, liquidation, appraisal, and financing services to companies around the globe. Celebrating over a century of excellence, Maynards continues to evolve and expand its services to meet the changing needs of its customers.

For more information, please contact: Terri Terpstra at TTerpstra@maynards.com