Richard F Kruse | Source | Managing Partner, Auctioneer & Real Estate Agent at Gryphon USA

Richard F. Kruse is the Managing Partner of Gryphon USA, Ltd., a dynamic firm overseeing a receivership group, a thriving commercial auction business, and a comprehensive, multi-state real estate practice.

With a focus on navigating complex state and federal legal matters, foreclosure, and insolvency, Mr. Kruse has been a driving force since 1996. His extensive experience includes roles as a receiver, interim manager, asset purchaser, liquidating agent, equipment appraiser, broker, property manager, and auctioneer in transactions spanning the United States, Mexico, and Canada, boasting a combined asset value exceeding $2 billion.

In 2003, Mr. Kruse began accepting receivership appointments managing countless transactions through sales or wind-down processes. His expertise extends across the Midwest, overseeing receivership cases from Washington DC to California.

A respected authority, Mr. Kruse imparts his knowledge through seminars on distressed asset management and corporate wind-down for the real estate and auction community. He has shared insights on financial institutions and the court system at The Ohio Auction School and National Auctioneers Association, earning recognition as an industry expert by leading publications such as the Columbus Dispatch, Columbus Business First and countless online venues.

In 2011, Mr. Kruse played a pivotal role in drafting new local rules for receivership management in Franklin County, Ohio. He also contributed to modified legislation language streamlining the foreclosure sale process in Ohio and played a key role in developing a proprietary website for workflow tracking and online bidding for Private Selling Officer auctions.

Acknowledged as "One to Know" in Real Estate 2013 by Business First, Mr. Kruse's commitment extends to public service. Appointed by Governor John Kasich in 2013, he served as Chairman of the Ohio Auctioneers Commission, contributing to the advancement of the auction industry.

Beyond his professional pursuits, Mr. Kruse embraced new adventures during the Covid period. He discovered a passion for scuba diving, obtaining his PADI open water instructor certification and progressing toward the prestigious Master Scuba Diver Trainer certification. In Ohio and Florida, he shares his expertise as a scuba diving instructor and serves as a dive guide on boats in Clearwater, Florida.

Away from work, Mr. Kruse finds joy in traveling, cooking, and continuing his exploration of the underwater world. Residing in both Columbus, Ohio, and Tarpon Springs, Florida, with his wife, Melissa, and their daughter, Savannah, he cherishes the balance between his professional success and personal adventures.