Richard F. Kruse is Managing Partner and co-owner of Gryphon USA, Ltd. The company maintains a receivership & asset management group, real estate advisory practice and commercial auction business.
Mr. Kruse’s engagements are heavily weighted towards complex state and federal level legal matters, foreclosure and insolvency. Since 1996 he has acted in the capacity of receiver, interim manager, asset purchaser, liquidating agent, broker, property manager and/or auctioneer in transactions throughout the United States, Mexico and Canada with combined asset values over $2 billion dollars.
In 2003 Mr. Kruse began focusing primarily on regional projects and accepting receivership appointments throughout Ohio. Since that time he has operated and sold, or wound down over 200 corporate entities.
He routinely teaches seminars on distressed asset management and corporate wind down and is an instructor at The Ohio Auction School. Further, he is frequently consulted as an industry expert by Columbus Dispatch and Columbus Business First newspapers. In 2011 Mr. Kruse participated in drafting new local rules for receivership management in his home base of Franklin County, Ohio. Recently Mr. Kruse has been active in promoting modified legislation language related to streamlining the foreclosure sale process in Ohio.
Mr. Kruse is a member of the American Bankruptcy Institute and Turnaround Management Association, where he formerly sat on the board of the Ohio Chapter. He is a member of the National and Ohio Associations of Realtors, National and Ohio Auctioneers Associations.
Mr. Kruse was recognized as “One to Know” in Real Estate by Business First and was recently reappointed by Gov. John Kasich to the Ohio Auctioneers Commission. Mr. Kruse acts as advisor on strategy and finance to political candidates in Central Ohio and is a graduate of the 2006 Leadership Columbus Program.