April 1, 2022 – Blue River Financial Group has advised BBG, a leading independent third-party commercial real estate due diligence firm and portfolio company of Incline Equity Partners, on the recent acquisition of J. Philip Cook & Associates. The acquisition of the Salt Lake City-based commercial real estate services firm expands BBG’s litigation support, expert witness testimony, and real estate appraisal services.

BBG offers comprehensive due diligence services including valuation, advisory, assessment, desktop evaluation, energy services, cost segregation, zoning, and ALTA surveys. Headquartered in Dallas, the firm has 48 offices in key US markets and more than 2,800 clients. As one of the Big Five national commercial real estate valuation firms, BBG has achieved a reputation for personal attention, on-time delivery and deep expertise in multi-family, office, retail and industrial sectors.

J. Philip Cook, LLC is a leader in real estate and real property appraisal and consulting. Their work includes valuation of complex properties, impartial expert witness testimony, complex litigation cases, contingent liability studies, feasibility analyses and appraisal management services. The firm’s founder, Phil Cook, MAI, CRE, is now Managing Director of BBG’s Salt Lake City office. Corey Cook, MAI, Nate Herrscher, MAI and Spencer Cook were named as Directors.

“Phil and his team have built a market-leading reputation for quality. We are excited to add the team’s expertise and knowledge to BBG’s platform for our customers.” said Chris Roach, MAI, CCIM, CEO of BBG.

“We’re excited for the shared opportunities in store as a result of the J. Phillip Cook/BBG partnership. The quality of J. Phillip Cook’s team and the niche expertise in specialized services makes for an outstanding partnership in a key market for BBG. Blue River is grateful to have been a part of it, and looks forward to seeing great things accomplished by this collective team!” said Sara Clevenger, Principal of Blue River.

Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.


Sara Clevenger

About Blue River

Blue River Financial Group is a middle market merger and acquisition advisory firm headquartered in Bloomfield Hills, Michigan. It assists corporations, private equity groups and individuals in the sale and acquisition of businesses, and has completed assignments in multiple business segments. With over 20 years of experience spanning across 50 global industries, Blue River provides a suite of services to middle market clients including corporate development, private equity support, valuations and transaction consulting, placing a premium on relationship-centered transaction counsel and client focus.

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