Republic Associates

Description

Republic Textile (RTE) is our flagship company and has been involved in the textile industry since 1935. RTE was founded in New York and originally operated by Robert Gillman and Lawrence Diamond. In 1965, the company was incorporated in New York by Mr. Diamond and his son, Michael. In 1973, Michael Diamond, in a separate non-related corporate organization, formed Republic Textile Equipment Company of SC, Inc. located in York, South Carolina. Since then, Republic has become one of the largest shippers of textile machinery and equipment in the world.

Republic Associates has the experience and credentials required to furnish the financial industry with this important collateral support service. Our appraisals also provide individual companies with excellent documentation for their internal uses. We provide quality work with a "hands on approach". There are no computer models or mathematical formulas used by us in our appraisal process. Our experience includes the "human factor" in determining real market value.

After Republic moved to the South in 1973, there were numerous asset based lenders as well as other appraisal companies that began calling upon RTE's experience in the textile field to provide them with market valuations on textile equipment. In 1989, Republic then established a sister company know as Republic Associates which initially specialized in textile equipment appraisals.

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