US Asset Appraisals, a provider of certified machinery and equipment valuations, recently announced its expansion into the Chicago market, according to a release.

This move reflects the company’s commitment to meeting the increasing demand for accurate and reliable equipment appraisals across Illinois' business sectors, including construction, transportation, manufacturing, brewing, and more.

US Asset Appraisals was established in 2020 and its headquarters located in Minneapolis, Minn.

As it seeks to transfer its knowledge to one of the most economically active areas in the country, the company's growth trajectory reaches a turning point with its entry into Chicago.

"Expanding into the Chicago market is a strategic move for US Asset Appraisals,” US Asset Appraisals founder and CEO Frank Aiello said in the release. “There is a rising need for precise and dependable equipment values, given the varied businesses and robust commercial activity of the city. Our experience guarantees that investors, lenders, and company owners have the exact knowledge they need to make wise financial decisions.”

By reaching Illinois, US Asset Appraisals is positioned to help banks, private companies, attorneys, and financial institutions with certified appraisals compliant with the Uniform Standards of Professional Appraisal Practice (USPAP), the gold standard for asset valuations in the U.S.