Valuation and Financial Opinions

We have a long history of providing credible and defensible opinions of value based on careful research and accepted valuation practices. Our valuations are conducted in accordance with the stringent standards of the American Society of Appraisers, the Institute of Business Appraisers, the National Association of Certified Valuation Analysts, and the Uniform Standards of Professional Appraisal Practice.

We recognize that valuation is not an exact science. It is an art that blends quantitative analysis and qualitative input from our seasoned professional staff. We take the time to understand the dynamics of each entity and develop a multi-dimensional perspective of the business, the industry and the economic environment.

Services Include:


Business Valuation

Depending on the nature of the engagement and the needs of our clients, we communicate our findings in an appropriate format ranging from an informal opinion letter to a comprehensive written report. In each case, our analysis results in a thoroughly researched and carefully documented valuation that can withstand the closest scrutiny.

Fairness Opinions

Our clients rely on our objective fairness opinions in a wide range of transactions. Our independent perspective provides the needed assurances to directors, stockholders, trustees and other fiduciaries that a transaction is fair from a financial point of view.

Solvency Opinions

When financing highly leveraged transactions, lenders rely on our solvency opinions as pre-transaction evidence that the debt is insufficient to render the company insolvent. The solvency opinion is a first line of defense against claims of fraudulent conveyance and is instrumental in securing senior creditor status in the event of a bankruptcy.

Litigation Support

Our staff are highly trained and nationally accredited, and are often called upon to provide assistance in settlement negotiations, arbitrations, mediations, and trials. We have testified extensively as expert witnesses in federal and state courts and have also served as court appointed experts to resolve valuation disputes.

Trusted for 47 Years

Since 1968, our firm has provided valuations and financial opinions in support of, or in connection with, the following:


Transactions and Succession Planning

  • Buy-Sell Agreements


  • Employee Stock Ownership Plans


  • Family Business Transactions

  • Management Buyouts


  • Mergers, Acquisitions, Sales, Divestitures


  • Shareholder Buyouts

Fairness/Solvency Opinions

  • Employee Stock Ownership Plans


  • Equity Allocations


  • Going Private Transactions

  • Mergers, Acquisitions, Sales and Divestitures


  • Related Party Transactions

Tax Reporting

  • 409A Valuations


  • Charitable Contributions


  • Estate and Gift Taxes


  • Estate Planning

  • Family Limited Partnerships (Discount Studies)


  • Limited Liability Companies (Discount Studies)


  • S Corporation Conversion

Financial Reporting

  • ASC 718, formerly SFAS 123R (Stock Option Valuation)


  • ASC 815, formerly SFAS 133 (Embedded Derivatives)


  • ASC 805, formerly SFSA 141R (Purchase Price Allocation)

  • ASC 350, formerly SFAS 142 (Goodwill Impairment Testing)


  • ASC 360, formerly SFAS 144 (Long Lived Asset Impairment)


  • ASC 820, formerly SFAS 157 (Fair Value Accounting)

Litigation and Expert Opinions

  • Dissenting Shareholder Actions


  • Divorce


  • Lost Profits and Damages

  • Patent and Copyright Infringement


  • Stockholder Disputes

Specialized Securities

  • Convertible and Restricted Securities


  • Equity Based Employee Incentives

  • Options and Warrants


  • Private Equity Portfolio Fund Valuations

Intellectual Property

  • Intercompany Transfer Pricing Studies


  • Investment Holding Companies


  • Royalty Rates and Licensing Fees