Marketplace Machinery

400 North Main Street
Suite 305
Milford, MI 48381
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Boring Tool
Fork Lift


Marketplace Machinery, Inc.

Kirk C. Waibel, ASA


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

Absopure Bottling LineAt the beginning of 1999 after practicing civil litigation for almost five years 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 & 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 and 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 & 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 & 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 & Equipment Valuation at a "Big Four" Accounting Firm

Plastic Brown Film

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 & equipment.  During five and a half years at KPMG he managed many large domestic and international valuation assignments for tax and financial reporting purposes including purchase price allocation, goodwill impairment, long-lived asset impairment, and fresh start accounting.  He was promoted to Senior Manager/Director in 2010 after serving as a lead manager on one of the biggest and most complex bankruptcy valuation projects in U.S. history involving the largest automotive OEM in the world. 

While at KPMG he was directly involved in the international and domestic valuation of paper mills; corrugated box plants; gas production facilities; natural gas storage facilities; automotive OEM stamping, assembly, and powertrain facilities; chemical manufacturing plants; drilling rigs; mining equipment; construction equipment; steel mills; steel processing facilities; and a variety of automotive parts manufacturers.

His KPMG experience includes both continued-use and liquidation value analysis involving market approach techniques as well as Excel-based valuation modeling.  His experience working with colleagues in the area of mergers & acquisitions, financial reporting and tax provided valuable insight into complex accounting and financial issues which must be considered when performing machinery & equipment valuation work in these contexts.

While at KPMG Kirk gained extensive experience performing and managing SAS 73 and SAS 101 valuation reviews as an expert on behalf of audit teams.  He is intimately familiar with the machinery & equipment valuation methodologies, inputs, and assumptions of every major valuation firm. 

In early 2010 Kirk obtained an Accredited Senior Appraiser (ASA) designation in Machinery and Technical Specialties from the American Society of Appraisers. The ASA designation requires the completion of four “principles of valuation” courses.  Each course requires 30 hours of instruction and successful completion of a 3- 4 hour examination.  In addition to the four courses an ASA is required to pass an ethics exam and to complete the 15 hour Uniform Standards of Professional Appraisal Practice (USPAP) course and exam.  The ASA designation cannot be achieved without at least five years of full time employment in the appraisal industry. Accredited appraisers, such as those holding the ASA designation are held to a higher standard.  ASA designated appraisers are bound by USPAP and the Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers.

Business Formation – Marketplace Machinery, Inc.

In 2012 after almost 14 years in the machinery & equipment valuation and liquidation industry Kirk started his own professional firm offering the same services that he has regularly performed for clients over the course of his career.