Auction management and property preservation company FEI acquires RSVP
Bellevue, Wash.-based FEI recently acquired RSVP as part of its efforts to expand business on the Web. FEI is a national provider of posting, publication, auction management, property preservation and asset management services. RSVP, which is based in Concord, Calif., provides similar services on a Web-based processing and management platform. RSVP will continue current operations with staff from its Concord office. Steve Kim, FEI's chief operating officer, said the RSVP acquisition will be a great asset to the FEI's business expansion plan and conforms to FEI's business model. "[RSVP's] operations platform, staff, and technology infrastructure are exceptional," Kim commented. "We will combine the FEI and RSVP families to build an even stronger industry presence with national servicing capabilities." The price of the deal was not publicly disclosed. Write to Christine Ricciardi. Follow her on Twitter @HWnewbieCR.