Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd.  The Gryphon Orgainzation is comprised of various subsidiary companies including Gryphon Realty Advisors which undertakes both commercial and residential disposition and management engagements, Gryphon Asset Management providing receivership and consulting services in the distressed marketplace and Gryphon Auction Group which provides live auction management, internet auction management and commercial asset appraisals throughout Ohio.   

While his firm practices in many areas, Mr. Kruse's personal engagements primarily focus on state and federal insolvency matters through subsidiary Gryphon Asset Management; from management or liquidation of single assets through and including entire companies.  Since 1996 Mr. Kruse has acted in the capacity of an asset purchaser in multiple local and nationally scoped bankruptcy cases, represented the interests of borrowers and creditors as liquidating agent, wind down advisor, broker, property manager and auctioneer as well as held engagements as court appointed receiver in both liquidating and operating scenarios.

Mr. Kruse grew up in the real estate industry and has been involved as an investor in residential and commercial properties since 1989. He has been a licensed real estate sales agent in multiple states since 1996 and has been building residential properties since 2002.  He holds auctioneer licenses in Ohio and other states and has designations as an appraiser with focus on commercial equipment. 

He is a member of National and Ohio Associations of Realtors, National Auctioneers Association, American Bankruptcy Institute and Turnaround Management Association, where he formerly sat on the board of the Ohio Chapter.  He has been a speaker to the National Auctioneers Association, Columbus Bankruptcy Bar Association, Alexandria Bankruptcy Bar Association, has been an instructor for the Lorman Education Institute and is a graduate of the 2005 - 2006 Leadership Columbus Program.

Gryphon Asset Management, LLC provides Custom Liquidation and Advisory Solutions for lenders and their borrowers who require wind down consulting, surplus asset advisory services, state court receiverships, liquidation implementation and auction services.   

Gryphon Realty Advisors provides Custom Real Estate Solutions including property management both pre and post foreclosure, brokerage, and accelerated sales such as auctions and sealed bid offerings. 

Principals are licensed real estate agents/brokers and/or auctioneers in Ohio, Illinois, Virginia, Washington DC, Georgia, Massachusetts and the states that provide reciprocity with these locations.  Through standing joint venture partnerships, we service needs in Canada and Mexico.

Rich and Melissa,

This year I consider myself lucky to have met you both for your highly professional and results-oriented service that you provided to Fifth Third Bank. I have also personally enjoyed working with you on our various projects. You indeed helped make my job easier. Thank you.

I am looking forward to further opportunities to work with you in the new year. Again, thank you for you kindness.

Best Wishes,

Alan Kopolow

Vice President

Fifth Third Bank

Dear Rich,

Thanks so much for your help with this year's outing. You did a supurb job on the auction. I look forward to working with you on ideas for next year's outing. Thanks so much.

Sincerely

Claire Badger

Mid-Ohio Food Bank

The team of professionals at Gryphon are top notch. Our firm has worked with them on appraisals of our clients business assets, sale of assets and real estate and scenarios where we are working with clients in receivership. We have always been pleased with the results and look forward to future transactions where Rich and his people can be of assistance.

Rick Stovall

Partner

Allen, Kuhenle & Stovall

Hi Rich,      

I have forwarded your reply to Tom & Jan so the result should be forthcoming. I am greatful for the efforts, if not for them this would not be possible. The group is gaining support from other members, I have not gone into detail with them but just ask them to lets us do our thing and we will have answers in the future for them. It is good to be working with you and your people.            

Earl