BlackRock Acquires NC Valuation Firm

NEW YORK CITY-BlackRock Inc. said Tuesday it has acquired substantially all the assets of Helix Financial Group for an undisclosed sum. Charlotte, NC-based Helix, which provides advisory, valuation and analytics solutions to commercial real estate lenders and investors, will be integrated into BlackRock Solutions. Since its founding in 2004, Helix has underwritten over $100 billion of commercial real estate loans.

Craig S. Phillips, managing director and global head of the financial markets advisory group in BlackRock Solutions, says his company is looking to integrate Helix’s 120 professionals into BlackRock Solutions’ modeling, advisory, valuation and loan workout practice. “In addition to valuable industry relationships and asset class experience, Helix has unique technology, data and intellectual capital that will supplement our present commercial real estate analytics and workout capabilities,” he says.