About Richard Kruse
Richard F. Kruse is Managing Partner of Gryphon USA, Ltd. The company oversees a receivership & asset management group, a commercial auction business and, in conjunction with Borror, Inc., a full service real estate advisory practice. He is also a founding member of the Ohio Foreclosure Auction Group, a partnership of six senior real estate auctioneers throughout the State of Ohio, specializing in sales of real property in foreclosure proceedings. Mr. Kruse's engagements are primarily focused on 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, equipment appraiser, broker, property manager and/or auctioneer in transactions throughout the United States, Mexico and Canada - all with combined asset values over $2 billion dollars. In 2003, Mr. Kruse began accepting receivership appointments throughout Ohio, and ever since, has operated and sold or wound-down over 250 corporate entities through negotiated sale and auction. Mr. Kruse routinely teaches seminars on distressed asset management and corporate wind down to the real estate and auction community. Further he instructs on working with financial institutions and the court system at The Ohio Auction School. He is frequently consulted as an industry expert by the 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. Most recently, he consulted on modified legislation language related to streamlining the foreclosure sale process in Ohio as well as a proprietary website involving workflow tracking and online bidding for PSO auctions. Mr. Kruse was recognized as "One to Know" in Real Estate 2013 by Business First, and in October of 2013, he was appointed by Governor John Kasich to the Ohio Auctioneers Commission and in his second term served as Chairman of the 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. In his personal life, he is dedicated to causes like education, children and politics. He is an active volunteer, fundraiser and parishioner at CenterPoint Church Gahanna where he participates in many hospitality functions and youth program. When he's not working, he enjoys traveling and cooking. Mr. Kruse and his wife, Melissa, have one daughter, Savannah, and live in a northern suburb of Columbus, Ohio.