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ABOUT US
1st Star Alacer LLC was co-founded in 2020 by Jay Henry, who brings over 30 years of expertise in auction services and valuation. With strong industry relationships, the 1st Star team specializes in assisting clients with distressed loans, machinery and equipment auctions, and the sale of healthy and distressed companies.
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In addition, 1st Star offers Sale/Leaseback solutions for non-bankable entities, leveraging machinery and equipment collateral to provide tailored financial solutions that align with specific asset classes, categories, and geographic locations.
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Before founding 1st Star Alacer, Jay managed a nationally recognized publicly traded asset appraisal and liquidation firm, where he led a team of machinery and equipment appraisers across the United States.
Jay holds an MBA from Lake Forest Graduate School and is actively involved with several professional organizations, including the Secured Finance Network, Turnaround Management Association, Midwest Business Brokers and Intermediaries, and the Association for Corporate Growth, among others. Jay is based in Chicago.