Founded in 1932, our clients include companies and investors we have served for decades. The same is true for transaction professionals who have referred us to their clients.
Our in-house specialists deliver independent opinions of value of businesses, securities, intangible assets, machinery & equipment, and real estate for a great variety of purposes.
Common solutions requested by corporate professionals, leadership and investors include:
- Cost Segregation
- ESOP Valuations
- Fairness Opinions
- Finance, Accounting and Staffing Solutions
- Financial Reporting Valuations
- Valuations for Financing / Investment
- Solvency Opinions
- Tax Planning and Reporting Valuations – personal and corporate
- Valuation Consulting for Matters of Dispute
Our team includes senior valuation professionals with experience working at international audit firms, investment banking, finance companies and other valuation firms. The diversity of talent and experience is available as needed to provide the best solution to each client.
We help with questions like:
What are the pros and cons to having valuations done following private company GAAP vs. full GAAP?
If a company has their purchase price allocation and other financial reporting done for compliance with private company GAAP and then goes public (IPO, SPAC, merger, etc.), the financial reporting will have to be redone and restated to meet the public company standard prior to going public. The initial small cost savings of following private company GAAP for acquisitions is far outweighed by the cost to redo the work in the future.
Can one firm provide liquidation value, fair value, fair market value, and insurable value of the same assets or do I have to engage multiple firms?
Upon request, we provide diverse value opinions for the same assets based upon the purpose and standard of value to efficiently accommodate the need for financing, financial reporting, tax reporting, and insurance. The efficiency in performing all these analyses at the same time leads to pricing benefits for our clients.
Why should I spend resources with an outside firm determining if my fixed asset list is accurate?
Most companies are diligent about adding acquired assets to their books. A large percentage of companies do not focus on eliminating assets from their books when sold or retired. The asset may have reached a $0 depreciable value, but each asset costs money when it comes to the replacement value for insurance purposes. Why does a 200-bed hospital have 500 beds on its asset list? Why does a 600-seat multiscreen movie theatre have 1,000 seats on its books and a projector from 1993?
What are the tax benefits of a cost segregation analysis on acquired real estate or improvements to real estate?
The accelerated depreciation benefits (tax savings) from a cost segregation analysis on acquired real estate (or just improvements to a leased space) can typically pay for a material percentage of the transaction costs and/or multiple financing payments.
The cost segregation analysis provides an allocation of a portion of 1250 real property assets to 1245 personal property, which may result in quicker depreciation of some assets on the property tax rolls.
Our accounting firm said we need a “409a” analysis for our equity incentive plan? What does that entail?
A 409a analysis (IRS section 409a) refers to valuing the class of equity provided to parties without remuneration (as an incentive) for federal tax reporting purposes. The analysis is also required for financial reporting purposes (FASB ASC 718). The analysis typically requires a valuation of the underlying business or assets. Sometimes we can backsolve a value for the equity based upon a recent subject company transaction.
Our insurance broker said the cost of our property insurance has increased this year due to inflation and the increase is substantial. How can I determine if updated replacement cost is reasonable?
Our specialists have a great deal of experience providing detailed replacement cost analyses that help our clients negotiate a lower property insurance cost.