Our Personnel

William J. Firestone, President

Bill Firestone graduated with a bachelors of business degree from the University of Massachusetts in 1978. He has been a Professional in the Auction and Appraisal Industry since 1978. In 1998 he established Capital Recovery Group. He has been as expert witness in numerous Bankruptcy Cases and taught seminars for Financial Institutes. He was the first Industrial Auctioneer to broadcast a sale live over the Internet. He is a member of the IAA, MDNA, NAA, ABI, and TurnAround Management.

Bill Firestone

Gary Katz, Vice President

Gary brings 20 years of hands-on business experience to Capital Recovery Group. He began his career as Vice President of a national organization, where he managed a large sales force and during his tenure increased sales 38%. Gary worked with senior management to create new divisions and substantially increase existing sales and new programs to achieve their goals. In 1990 Gary founded and grew his own business, which he sold prior to joining Capital Recovery Group in 1998.

Gary Katz

Steve Papillo, Business Development

Having joined Capital Recovery Group in 2003, Steve brings 14 years of hands-on experience in the disposition and management of surplus industrial assets. He is responsible for business development with banks, financial institutions, turnaround groups, and corporations nationwide. His experience creates solutions. The scope of his work has included clients such as IBM, Sony, Motorola, Textron and Lockheed Martin. He is active in the Turnaround Management Association (TMA), Machinery Dealers National Association (MDNA), and Commercial Finance Association (CFA). Steve is a Graduate of the University of Hartford’s BSET program.


Kim Allen Phillips, Senior Auction Coordinator

Kim has over 20 years of experience in the auction business. With an extensive knowledge of machinery and equipment, he prepares the assets for auction. His primary responsibilities are to clean, organize, tag and catalog entire facilities prior to auction. During the auction, he serves as a ringman in assisting the auctioneer. His post-sale responsibilities are to oversee the removal of items.

Kim Allen Phillips