Pete joined Commonwealth’s Board in June 2006 as a director. Pete is an accredited senior appraiser for the discipline of Machinery and Equipment with a specialty in high-technology for the valuation of computer equipment. Pete has been in the computer business since 1965, first with IBM as a computer broker/lessor and then with Daley Marketing Corporation (“DMC”), a firm he founded in July 1980 to publish reports about computer equipment, including “Market Value Reports” and “Residual Value Reports.”
In January 2001 M. Daley acquired Computer Economics (“CEI”), merged DMC into CEI and in April 2005 sold the IT Management Company and created a new company focused on the fair market value business. Additionally, Pete remains President of DMC Consulting Group, a separate company that specializes in writing appraisals, portfolio analysis and property tax valuation from fair market value to residual value valuations. Pete has developed a database of “Fair Market Value” equipment values from 1980 to the present, utilizing a variety of reports and publications along with the DMC and CEI market Value Reports. From 1994 to present he has been writing computer appraisals and reports for Fortune 500 companies. From 2005 to present as president of DMC Valuations Group, Pete has been publishing, both on the web and in print, fair market values, residual values, and manufacturer’s price lists to existing valuation clients around the world. Pete graduated from Pepperdine University in 1991 with a Masters of Business Administration, and from Cal State Northridge with a Bachelor of Science in Business Administration in 1965. Pete is also an Accredited Senior Appraiser with the American Society of Appraisers.
My Vision for Our Clients
I and my team are driven to help Corporate America receive their greatest benefit and service experience from leasing with us. We feel business is the most powerful way to share ones innovative skills and evolve our communities and the planet as whole. In tech years, 2010 was eons ago. Just one decade ago, we wore analog watches, had landline phones, hung out in bookstores and even hailed taxis. I think this decade has proven that progress is relentless. We want to help drive innovation in businesses, through entrepreneurs driving Corporate America.
We guide established businesses whose primary goals are managing their operational expenses and increasing their profits for their stakeholders. Do you pay your employees 3 years in advance? Why should you do that with your business equipment? When acquiring needed capital equipment – pay only for the “use” of that equipment vs. the “ownership” of the nuts & bolts. This equipment will grow obsolete over time and, since 1978, we have been providing that capital equipment funding for Corporate America. Each year, American businesses invest trillions of dollars in capital equipment spending. This translates into our mission of helping companies keep their cash flow for their businesses.
Through our leasing program, we guide businesses to recognize the benefits of keeping their cash flow for their core businesses. Our clients are our primary focus. Our focus is insuring that they have the best education, support, guidance and customer experience possible. We offer tailored and customized approaches with our leasing programs.
Our team collaborates on each client – they are all focusing on each one of our clients, as they collaborate weekly to discuss client goals, challenges and to brainstorm on solutions. Our team is on top of the ever-changing equipment market trends, industry pain points and how it affects the business climate.
My focus and commitment, as I place innovation and strategy at the top of my list, is to provide a ‘best in class’ experience for each client and to empower them through information, service and guidance. We recognize that information increases their efficiencies and expands capabilities, which empowers their business.
Commonwealth has received recognition, by many industries, for our commitment and loyalty to the business community and their needs. Our core values are to discover the deeper why that inspires us to give all every day; deliver best support, honor our work and to always be a catalyst for your ongoing corporate growth.
Join me on this incredible journey so that you can experience what our Team has been creating at Commonwealth and the impact we make financially – for our client and our community. We want to be a long term strategic partner in making your dreams a reality — but we don’t call it a dream, we call it a plan. Commonwealth is not here to be average; we are here to be awesome.