Joshua Kinard
Joshua Kinard has more than 15 years of experience advising public and private companies on complex tangible asset valuation matters. His experience includes financial reporting,…
Gregory Glaab
Greg Glaab specializes in the valuation of business enterprises, intangible assets for purchase price allocations, goodwill impairment studies, and stock compensation expense for financial reporting…
Helen Tan
Helen Tan specializes in the valuation of business enterprises and interests, as well as intangible assets for purchase price allocations and goodwill impairment studies. Prior…
Drew Hill
Drew Hill specializes in business enterprise and equity valuation analyses for financial reporting and tax planning purposes, as well as valuation of intangible assets for…
VRC’s Nunes to Present at AICPA Forensic & Valuation Services Conference
The conference is the premier annual gathering for forensic accounting and valuation professionals, offering expert-led insights, practical strategies, and networking opportunities focused on valuation, litigation support, investigations, emerging technologies, and industry best practices.
VRC’s Amarante Featured in Accounting Today
Early identification of allocated costs can reduce audit risk and reporting delays.
How Wealth Management Firms Are Valued: Key Drivers, Methods, and Market Trends
A wealth management firm’s value extends beyond AUM.
Michael Whalen
Michael Whalen specializes in the valuation of business enterprises and intangible assets for purchase price allocations and goodwill impairment studies for financial reporting purposes. He…
Carried Interest: Valuation Methodologies and Tax Considerations
Explore best practices for valuing carried interest for tax reporting, estate planning, financial reporting, transactions, and compensation arrangements.
Private Markets Face Valuation & SEC Disclosure Reckoning
SEC oversight and FASB activity are raising expectations for private market transparency, valuation governance, liquidity disclosure, and conflict management.
FASB ASU 2026-03 Changes Fair Value Accounting for Restricted Equity Securities
Funds considering early adoption should assess whether their valuation policies, DLOM methodologies, controls, and disclosures are ready to support the change.
ASC 805 Purchase Accounting and Fixed Asset Valuation
Learn how allocated costs from ASC 805 purchase accounting can affect fixed asset valuations, audits, depreciation analyses, and financial reporting.
Fantasy Football Draft Strategy Through the Lens of Business Valuation
Want to dominate your fantasy football championship? Take a page out of a valuation professional’s playbook.
Private Funds CFO Features VRC’s Nunes and Smith
The less data available to the market, the greater the uncertainty surrounding reasonable valuation conclusions.
FASB Advances Proposed Changes to Valuation of Certain Restricted Equity Securities
For investment companies holding pre-IPO shares, contractual sale restrictions may once again influence fair value estimates and related valuation discounts.
Understanding Senior Preferred Equity Valuation: Contractual Protection vs. Economic Risk
Senior preferred equity may offer contractual downside protection, but it still carries meaningful economic downside risk in fair value analysis.
Franchise Valuation: Key Factors Franchise Owners Need to Know
The most important factors in franchise valuation are sustainable profitability, future growth opportunities, franchise brand strength, and reduced transaction risk.
VRC’s Smith and Mainville Featured in Accounting Today
Final guidance could affect NAV, performance reporting, fees, and 2026 financials.
Mitigating Insurance Risk: Aligning Property Valuation with New Economic Realities
Valuations established even two or three years ago may no longer reflect today’s economic realities.
FASB Proposal Could Change How Investment Companies Value Restricted Equity Securities
Final guidance could affect NAV, performance reporting, fees, and 2026 financials.
Rohan Vaidya
Mr. Vaidya specializes in business enterprise valuations, purchase price allocations, and impairment analysis for tax and financial reporting purposes. Prior to joining VRC, Mr. Vaidya…
Matthew Kutz
Mr. Kutz specializes in valuation engagements for public and private companies in support of business combinations (ASC 805), impairment testing (ASC 350 & 360), stock-based…
Ron Walsh
Mr. Walsh specializes in the valuation of business enterprises, equity, and intangible assets for tax reporting and financial reporting purposes. Prior to joining VRC, Mr.…
Conner Bianchini
Mr. Bianchini provides valuation advisory services with experience across real estate and other tangible assets, supporting financial reporting, tax compliance, and transactional needs. Prior to…
BVR Publishes ASA Conference Highlights by VRC’s Pumphrey, Smith, and Woodward
Valuation leaders explored AI, venture capital modeling, and new guidance shaping the future of fair value measurement.
VRC’s Amarante Shares M&E Appraisal Insights in MTS Journal
Selecting the wrong premise of value can materially misstate asset value and undermine the appraisal’s intended purpose.
VRC Appoints Carla Nunes to Lead its Capital Markets Research
Carla Nunes will focus on advancing the firm’s market data and research capabilities, supporting clients across portfolio valuation and transaction-related valuation matters.
Carla S. Nunes
Carla S. Nunes has more than 25 years of experience in valuation, financial reporting, and tax, with deep expertise in cost of capital, market data,…
Private Company Accounting Elections and IPO Readiness: What Sponsors and CFOs Should Know
Private company accounting elections may simplify reporting today, but they can complicate IPO readiness tomorrow.
VRC’s Parmeswaran Published in Private Funds CFO
Without an active market, valuing private company equity under ASC 820 is complex and requires greater judgment, longer time horizons, and careful assessment of secondary market signals.
Evolving Earnouts: Shorter Horizons, Higher Hurdles, and Rising Complexity
As dealmakers balance renewed optimism with lingering risk, earnouts remain a critical tool for bridging valuation gaps and aligning buyer–seller incentives.
AICPA Releases Comprehensive Stock Compensation Guide Draft
The AICPA’s Cheap Stock Guide working draft introduces significant changes to valuation practices, reflecting evolving market practice.
Sapnas, Smith Published in Business Valuation Resources
As fair value measurement grows more complex, valuation professionals are being asked to apply judgment across emerging technologies, evolving capital structures, and increasingly nuanced regulatory expectations.
Nilufer Usta
Nilufer Usta has more than two decades of experience providing valuation and financial advisory support to privately held and publicly traded companies. She has extensive…
Rebecca Layman
Ms. Layman specializes in complex financial instrument and financial reporting valuations with deep expertise across fair value measurements, purchase price allocations, stock-based compensation, and impairment…
Key Valuation Takeaways from the ASA Winter Fair Value Conference
Stay ahead of emerging issues and evolving valuation standards with these highlights from the American Society of Appraisers’ 2025 Winter Fair Value Conference.
Luke Van Horn
Mr. Van Horn is responsible for business development for VRC in the Rocky Mountain region. With over a decade of experience executing and leading valuation…
Luke McCann
Mr. McCann has extensive experience preparing valuations for a variety of purposes, including financial reporting, tax compliance, mergers and acquisitions, ESOPs, and litigation matters. He…
Year-End Reminders: Updating the Incremental Borrowing Rate Under ASC 842
Strengthening IBR methodology for year-end.
Streamlining Insurance Valuations: Unlocking Efficiencies in Property Insurance Coverage
Benefits of leveraging asset valuation work during an acquisition.
Adam Smith
Mr. Smith has over 25 years of experience in the valuation industry. He has conducted valuations of businesses, intangible assets, derivatives, and more, serving a…
Saloni Bhatt
Ms. Bhatt specializes in business enterprise valuations, purchase price allocations (ASC 805 and IFRS 3), impairment analyses (ASC 350 and IAS 36), intellectual property valuations,…
James Bublitz
James Bublitz specializes in the valuation of leasehold interests and owner-user industrial real property associated with purchase price allocations. He has experience valuing leasehold interests…
Kadry Gharraph
Mr. Gharraph has over two decades of global experience specializing in business and intellectual property valuation, as well as advanced financial modeling to support strategic…
Brian Daury
Mr. Daury specializes in valuations of business enterprises, pass-through entities, and privately-held debt and equity securities for financial reporting, tax purposes, and exit/succession planning. Prior…
David Menke
Mr. Menke is part of the portfolio valuation group specializing in valuations of privately-held debt securities, equity securities, and business enterprises for tax and financial…
Brandon Chew
Mr. Chew specializes in business enterprise valuations and intangible-asset valuations. Prior to VRC, Brandon was a transfer pricing analyst at Duff & Phelps. Mr. Chew…
Robin Muhmel
Ms. Muhmel specializes in the valuation of machinery and equipment. She has nearly 10 years of experience valuing PP&E for financial and tax reporting, internal…
Economic Uncertainty and Impairment Testing
As economic shift and market volatility can have an impact on businesses, companies must remain vigilant and consider potential triggering events that may necessitate interim impairment testing.
Evan Lewis
Mr. Lewis has extensive experience providing valuation services to private equity firms and privately held companies. He specializes in fairness and solvency opinions, complex security…
Dominick Dithmer
Mr. Dithmer specializes in business enterprise valuations, intangible asset valuations and impairment analyses for financial reporting and tax purposes. He has worked with clients in…
Pierre Barat
Mr. Barat specializes in valuation engagements for public and private companies in support of business combinations (ASC 805), impairment testing (ASC 350 & 360), stock-based…
Gottfried, Sapnas Share New Insights on Tax Valuation Considerations in M&A Transactions
Article provides a close look at purchase price allocations, Section 382 limitation calculations, tax receivable agreements, and more.
Casey Bohland
Mr. Bohland specializes in business enterprise valuations, intangible-asset valuations, and private company valuations for gift and estate planning. Additionally, he completes solvency opinions for public…
Randy Guerrero
Mr. Guerrero specializes in business enterprise and equity interest valuations for financial reporting and tax purposes. Prior to VRC, Mr. Guerrero was a senior associate…
Intangible Asset Valuation for Tax Purposes
Dive into the complexities of valuing intangible assets for tax purposes and unravel the differences between Fair Market Value and Arm’s-Length Standards.
Can I Use My 409A Valuation Report for a Gift or Estate Tax Filing?
The short answer is that you can use a 409A valuation report for a gift/estate tax filing, and you may get away with it if you’re not audited. You shouldn’t.
Stock Options & ASC 718: Consider Total Ramifications
The top six issues you need to address when issuing share-based compensation.
Xavier Love
Mr. Love specializes in business enterprise valuations, purchase price allocations (ASC 805 and IFRS 3), impairment analyses (ASC 350 and IAS 36), intellectual property valuations,…
Donald Jacobs
Mr. Jacobs has over 40 years of experience in performing business valuations across all industry segments. For more than 25 years, he has specialized in…
Pay vs. Performance Disclosure Requirements
Unlock the complexities of the SEC’s Pay vs. Performance Disclosures to seamlessly navigate the regulatory landscape and set the stage for a confident proxy season.
Molly Shepard
Ms. Shepard specializes in valuations of businesses and intangible assets for a variety of purposes, including fair value measurement, allocation of purchase price, impairment testing,…
Sean Poynton
Mr. Poynton specializes in business enterprise valuations, purchase price allocations (ASC 805), impairment analyses (ASC 350), intellectual property valuations, contingent consideration valuations, and the valuation…
Pay vs. Performance Disclosure Requirements: Expected term of option grants, simple or not?
Addressing the challenge of developing and supporting the expected term used in the Black-Sholes Option Pricing Model to determine fair value of grants to PEOs and NEOs.
Elvis Lima
Mr. Lima specializes in machinery and equipment and property valuation. He has been providing domestic and international clients (private and public sector) valuations for allocation…
Aaron Ping
Mr. Ping specializes in business enterprise valuations, equity interests and securities valuations for financial reporting and tax purposes. He also has experience working on solvency…
SEC Requires Pay-Versus-Performance Fair Value Disclosures
Public company filer disclosures must provide added color on the full scope of executive compensation packages, changes in fair value of equity awards issued principal and named executive officers.
Charles Chen
Mr. Chen specializes in the valuation of stock compensation, options, derivatives, and complex securities. He has extensive experience performing Monte Carlo simulation to estimate the…
Dan Di Tomaso
Dan Di Tomaso specializes in business enterprise and securities valuations. He also has experience working on solvency and fairness opinions. Prior to VRC, Mr. Di…
Kevin Gawron
Mr. Gawron is part of the portfolio valuation group specializing in valuations of privately-held debt securities, equity securities, and business enterprises for financial reporting purposes.…
Oleg Pesterev
Mr. Pesterev specializes in valuing complex securities including options, warrants, preferred stocks, convertible bonds, debt, contingent considerations, and commodity instruments for financial reporting and tax…
Dan Hwang
Mr. Hwang specializes in business enterprise valuations, securities valuations, and intangible-asset valuations. He also has significant experience working on solvency and fairness opinions. Prior to…
Magdalena Keller
Ms. Keller specializes in the valuation of illiquid securities, including privately-held equity securities, fixed income securities, various derivatives and structured products, for hedge funds, private…
Tax and Financial Reporting Differences in an Allocation of Purchase Price
One of the key differences in valuations for tax vs. financial reporting lies in the definition of value.
Joe Lee
Mr. Lee specializes in business enterprise valuations, purchase price allocations, and impairment analyses for financial reporting and tax purposes. Prior to VRC, Mr. Lee held…
Machinery & Equipment Valuations: Understanding the Importance of a Site Inspection
Three machinery & equipment valuation engagement scenarios highlight when a site inspection is required.
Huan Shu
Ms. Shu specializes in complex securities valuation for financial reporting and tax purposes. She has extensive valuation expertise in complex financial instruments, including 409A valuation,…
Eugene Wu
Mr. Wu specializes in the valuation of business enterprise, intangible assets and liabilities for M&A, financial and tax reporting, and other strategic matters. He has…
Presiyan Lazarov
Mr. Lazarov has over 15 years of experience in valuation advisory spanning from pre-revenue start-ups to late-stage, middle market companies for a variety of purposes…
Steven Nguyen
Mr. Nguyen specializes in the valuation of machinery and equipment. He provides valuations for financial reporting, allocation of purchase price, impairment, fresh start accounting, tax,…
Why VRC?
Why do public companies, private equity firms, and asset managers rely on VRC for their critical valuation and advisory service requirements?
Andrew Willis
Mr. Willis specializes in business enterprise and equity valuation analyses for financial reporting and tax planning purposes, as well as valuation of intangible assets for…
Join the VRC Team
Watch and learn why VRC is a great place to work!
Connor Barrett
Mr. Barrett specializes in real property valuation for allocation of purchase price, impairment, fresh start accounting, and tax purpose for domestic and international clients. He…
Tom Gottfried
Mr. Gottfried specializes in business enterprise, credit/debt instruments, equity, intangible asset and portfolio valuations. He has over 15 years of experience in planning, facilitating and…
Matthew Colligan
Mr. Colligan is part of the portfolio valuation group specializing in valuations of privately-held debt securities, equity securities, and business enterprises for tax and financial reporting…
Bryson Miller
Bryson Miller leads VRC’s Dallas office. He has provided numerous business, intangible asset, and equity valuations for a variety of purposes, including fair value measurements…
SEC to SPACs: Blank-Check Path to IPO, Warrants, Disclosures Have Liability Risk
The SEC has been clear. They will continue to keep a close watch on SPAC filings and disclosures and their private targets.
Talia Pawluk
Ms. Pawluk specializes valuation of business enterprises, equity, and intangible assets, for various purposes such as financial reporting, tax reporting and litigation support. Ms. Pawluk…
What Is a Global Brand Worth?
Before making a purchase, acquirers should make sure a plan is in place to maximize the value of the acquired brand.
Shri Shetty
Ms. Shetty specializes in valuation of share-based compensation, options, derivatives, and complex securities. Prior to VRC, Ms. Shetty was an intern at Merrill Lynch where…
Considering Brand Value: What’s In a Name?
Any brand valuation presents a strategic planning opportunity to understand more about what drives value to the underlying company.
Tailor Tanner
Ms. Tanner specializes in valuations for business combinations (ASC 805) and impairment testing (ASC 350) across multiple industry sectors. She also has expertise valuing business…
Paul Nyland
Mr. Nyland has extensive experience in the valuation of industrial and commercial real estate specializing in the valuation of complex, user-based real property. Mr. Nyland…
Jeffrey DeLorenzo
Mr. DeLorenzo is part of the portfolio valuation group specializing in valuations of privately-hold debt securities, equity securities, other structured securities, and business enterprises for…
Economic Obsolescence: Discover loss of value caused by external factors
Identifying, measuring,and applying the adjustment for EO can be a complex and iterative process.
Jeff Dugo
Jeff Dugo specializes in machinery and equipment valuation for both domestic and international clients. For over 10 years, he has prepared valuations for allocation of…
Ready. Set. IP-whoa.
Valuations are a requirement throughout the IPO process. Management teams are well-advised to seek professional expertise early to avoid missteps and save time, efforts, and cost.
Garrett Sullivan
Mr. Sullivan is part of the portfolio valuation group specializing in valuations of business enterprises and illiquid privately-held debt and equity securities for tax and…
Rollover Equity for Private Equity Deals
Valuation considerations for rollover equity in PE platform acquisitions.
Top 10 Drivers to Enhance Company Value
Now is an ideal time for private company owners to focus on factors that will improve their business value in the event of an opportunity to sell.
Seth Eatman
Seth Eatman has been working in the valuation of commercial and industrial real estate since 2011. He specializes in valuations for financial reporting, tax reporting,…
Dan Brodzik
Dan Brodzik has over 10 years of experience in the valuation of commercial and industrial real estate for financial reporting, tax reporting, insurance, and internal…
Emerging from Chapter 11: Key Fresh Start Reporting Considerations Under ASC 852
For companies emerging from bankruptcy, establishing reorganization value is the foundation of the fresh start reporting process.
Cross-Border Tax Planning and Asset Transfers
How have in-house tax executives transitioned valuation considerations to mission-critical?
Sarit Rapport
Sarit Rapport is part of the portfolio valuation group. She has over 20 years of valuation experience performing business valuations, valuations of complex securities, valuations…
Pablo Alfaro
Mr. Alfaro specializes in valuing complex securities including options, warrants, convertible bonds, and preferred and common stock in privately-held companies. He has extensive experience valuing…
The Evolution of Section 409A: Valuation Best Practices for Private Companies
As startups stay private for longer periods of time, their common stock valuation (Section 409A) history is likely to be scrutinized if they pursue an IPO.
Dwight Grant
In his role as Senior Advisor to VRC, Mr. Grant advises VRC and clients on the valuations of financial instruments, derivatives, and complex securities related…
Rollover Equity: Don’t Just Take It At Face Value
Several factors, including the rights and preferences of the rollover equity compared to the private equity sponsor’s shares and the sources of deal financing, have important implications for valuation.
Lucy Lee
Ms. Lee specializes in business enterprise valuations, purchase price allocations, goodwill impairment testing, and securities valuations for financial and reporting and tax purposes. Ms. Lee…
Understanding Tax Amortization Benefit Considerations and the International Impact
Tax amortization benefit rules differ between countries, and they can also change over time.
What’s the Haircut? Determining the Fair Value of Deferred Revenue
When managing deferred revenue, the valuation challenge is defining the performance obligation.
Charles Costa
Mr. Costa specializes in valuations of businesses, pass-through entities, and intangible assets for financial reporting, tax purposes, Employee Stock Ownership Plans (ESOPs), and exit/succession planning.…
Dhaval Jani
Mr. Jani has experience advising senior management of public and private companies on all major valuation matters, including but not limited to: business enterprise valuations,…
Sean Woodward
Mr. Woodward specializes in business enterprise valuations, purchase price allocations (ASC 805), impairment analyses (ASC 350), intellectual property valuations, contingent consideration valuations, and the valuation…
Nathan Emanuel
Nathan Emanuel specializes in the valuation of machinery and equipment for domestic and international clients. Mr. Emanuel has prepared or assisted in valuations for allocation…
Chris Coleman
Mr. Coleman specializes in business enterprise valuations, purchase price allocations, and impairment analyses for financial reporting and tax purposes. He has extensive experience in most…
Samuel Roman
Samuel Roman specializes in the valuation of business enterprises and intangible assets for purchase price allocations and goodwill impairment studies. Prior to joining Valuation Research,…
Contingent Consideration: Practical Pointers for Earnouts in Business Combinations
Contingent consideration can salvage a business combination when buyer and seller can’t agree on value, which is especially true in a frothy deal environment with high valuations and overpayment concerns.
Real vs. Personal Property: Distinguishing Between the Two Can Impact Property Tax
Tax benefits exist for companies that distinguish real versus personal property. However, legal nuances, if interpreted inaccurately, can bring significant economic consequences.
Ryan Werkheiser
Mr. Werkheiser has nearly 15 years of experience in the valuation of commercial and industrial real estate for tax reporting, internal planning, insurance, and financial…
Oil & Gas
VRC provided a required valuation of tangible and intangible assets for a Master Limited Partnership (MLP) client in support of a purchase price allocation. There were no detailed fixed asset records; VRC needed to overcome significant data limitations.
Financial Sponsor: Hedge Fund
A hedge fund client held convertible note in a company that restructured outstanding debt. As part of restructure, the note was exchanged for two separate Term Loans.
Devon Martineaux
Mr. Martineaux is a part of VRC’s Portfolio Valuation Practice and specializes in business enterprise and illiquid securities valuation to hedge funds, private equity funds…
Kevin Hagemeier
Mr. Hagemeier has significant experience with public and private corporate needs including transactional consulting. He specializes in valuation engagements including intangible assets for business combinations,…
Introduction to a Refined Approach to Inventory Valuation
With limited authoritative guidance around inventory valuation best practices in business combinations, these modifications may improve the valuation process.
Introduction to a Refined Approach to Inventory Valuation
With limited authoritative guidance around inventory valuation best practices in business combinations, these modifications may improve the valuation process.
Energy
We were retained by an energy production company whose subsidiary acquired distressed energy assets from an energy & production company. In selecting a valuation methodology, we needed to consider the significant divergence in the enterprise value of the business versus the un-discounted value of the assets given the dramatic drop in commodity prices at the time.
What’s In A Name? For Luxury Brand Valuations, Everything
In the high-end luxury market, where virtually all of an enterprise’s value derives from its brand or brand portfolio, the ability to accurately assess its value – to quantify and render tangible the intangible – is especially critical.
Mercedes Falcon
Ms. Falcon has extensive experience in business valuation for financial and tax purposes, project management and corporate finance. Prior to joining Valuation Research, Ms. Falcon…
Section 2000: Alternatives to Private Company Dissolution
Those seeking dissolution under California Corporations Code Section 2000 need to understand the role of appraisers as well as the ramifications of the standard and premise of value.
Adriana De La Mora
Ms. De La Mora has extensive experience preparing valuations for financial reporting, tax, M&A, and strategic planning purposes utilizing discounted cash flow, guideline company, and…
Michael Park
Michael Park is a part of the portfolio valuation group specializing in the valuation of illiquid securities, including privately-held equity securities, fixed income securities, various…
Keys to Avoiding Failed M&A Deals
50 percent of M&A deals fail. How can a board avoid deal failure before an acquisition?
Financial Reporting Valuations
VRC helps organizations meet complex financial reporting requirements with independent, audit-ready valuations that withstand scrutiny, reduce risk, and keep the reporting process moving.
Consumer Products
A brand valuation that estimated the fair value of intangible assets acquired in a business combination was needed by a personal care product company for the sale of its branded and private label products.
Financial Sponsor: Private Equity
A technology company was purchased by large private equity investor. With the purchase price set, the new entity was capitalized with debt and three different types of equity securities.
Larry Van Kirk
Mr. Van Kirk is a practice leader for closely-held company valuations (estate, FLP, Section 409A) and financial reporting related valuations (ASC 805, ASC 350/360, ASC…
Jason Storbeck
Jason Storbeck specializes in the valuation of business enterprises, intangible assets for purchase price allocations, goodwill impairment studies, and stock compensation expense for financial reporting…
Steven Schuetz
With over 30 years of experience in valuation, corporate finance and mergers and acquisitions, Steve Schuetz is a Senior Advisor to the firm. Mr. Schuetz…
Charles Sapnas
Mr. Sapnas is a practice leader specializing in the valuation of domestic and international businesses, intangible assets and liabilities for financial reporting and tax compliance…
Andrew Reddington
Mr. Reddington specializes in the valuation of businesses, securities and intangible assets for financial reporting, tax and litigation purposes. Prior to joining VRC, Mr. Reddington…
Anthony Pumphrey
Mr. Pumphrey has nearly two decades of experience in valuation engagements for public and private companies in support of business combinations (ASC 805), impairment testing…
Caroline Puiggali
Caroline Puiggali specializes in the valuation of equity interests, business enterprises, and portfolios of privately-held securities for financial reporting purposes, as well as financial opinions,…
Neal Piper
Mr. Piper specializes in business enterprise valuations, purchase price allocations, impairment analyses and intellectual property valuations for financial reporting and tax purposes. He also focuses…
Dan Peterson
Dan Peterson is responsible for business development in the Milwaukee office. He regularly works with public and private companies and private equity firms, assisting them…
Doug Peterson
Doug Peterson specializes in the valuation of business enterprises related to mergers and acquisitions, reorganizations, shareholder transactions, tax planning and compliance, and financial reporting. He…
PJ Patel
Mr. Patel is co-CEO and senior managing director and is a member of our board of directors. Mr. Patel specializes in the valuation of businesses,…
Jacquelyn Marsac
Ms. Marsac specializes in business enterprise valuations and intangible-asset valuations. Additionally, she completes valuations of financial instruments including preferred and common stock in complex structures…
Wes Nichols
Mr. Nichols specializes in the valuation of machinery and equipment for domestic and international clients. For over 15 years, he has prepared valuations for allocation…
Jane Myung
Ms. Myung co-leads the San Francisco and Los Angeles offices of VRC. She specializes in business enterprise valuations, purchase price allocations and impairment analyses for financial…
Chad Myers
Chad Myers specializes in financial valuation and consulting assignments. His experience includes valuations for purchase price allocation, estate tax planning, limited partnership interests, financing purposes,…
Jason Mutarelli
Mr. Mutarelli specializes in business valuations, valuations of intellectual property, and solvency and fairness opinions. He has served clients in most major industries. Prior to…
Joseph Mickle
With over 40 years of experience in the valuation industry, Joseph Mickle appraises both machinery and equipment and real estate. Mr. Mickle has extensive experience…
Kevin Meyers
Mr. Meyers co-leads the San Francisco and Los Angeles offices of VRC. He has nearly 30 years of financial and valuation advisory experience, which includes…
Chris Mellen
Mr. Mellen has over 30 years of experience across a wide range of industries providing valuation services in support of tax planning and compliance, strategic…
Philip Mastil
Mr. Mastil specializes in the valuation of businesses and assets and liabilities for financial reporting purposes. In particular, he focuses on the valuation of intellectual…
Francis Mainville
Mr. Mainville specializes in the valuation of complex securities such as options, warrants, preferred and common stock in privately-held companies, management incentive plans (including those…
Anthony Law
Mr. Law specializes in the valuation of business enterprises, stock options, derivative securities, and intangible assets as well as fairness and solvency opinions for corporate…
Christopher Krapfl
Mr. Krapfl specializes in valuations of capital stock, business enterprises, and intangible-assets for financial reporting and tax purposes. In addition, he is involved in developing…
Shakespeare James
Mr. James specializes in business enterprise valuations, solvency and fairness opinions, and valuations of intangible assets. Prior to joining VRC, Mr. James was an intern…
Glen Hartford
Mr. Hartford specializes in machinery and equipment valuations of major proportion and complexity throughout the United States and abroad. With more than 30 years in…
Edward Hamilton
Mr. Hamilton specializes in the valuation of businesses and assets and liabilities for financial reporting purposes. In particular, he focuses on the valuation of intellectual…
Vincent Flaherty
Mr. Flaherty specializes in valuations for financial reporting, incentive compensation, mergers & acquisitions, and tax restructuring/planning purposes. Mr. Flaherty has experience as a valuation advisor…
Jason DeFazio
Jason DeFazio is a part of the portfolio valuation group specializing in valuations of privately-held illiquid securities throughout the capital structure (both debt and equity…
John Czapla
Mr. Czapla has more than 25 years of experience performing business valuations, valuations of complex securities, valuations of intellectual property, and solvency and fairness opinions.…
Scott Crockett
Mr. Crockett is focused on serving private equity clients using our comprehensive strategy designed to meet fund and portfolio company valuation needs throughout the investment…
Jerry Coyne
Mr. Coyne performs valuations of machinery and equipment and real estate. He has served clients in most major industries. Mr. Coyne earned a bachelor’s degree…
Jim Budyak
Mr. Budyak has over 40 years of valuation experience and specializes in allocation of purchase price engagements, fairness and solvency opinions, bankruptcies and restructurings, and…
Daniel Brunow
Daniel Brunow has over 15 years of experience in the valuation of commercial and industrial real estate for financial reporting, tax reporting, insurance, and internal…
Paul Bourke
Mr. Bourke is a senior member of VRC’s Portfolio Valuation Group, bringing more than 15 years of specialized experience in the valuation of portfolios of…
John Bintz
John Bintz started in the financial services industry in Chicago in 1987. He has specific financial service experience related to public finance, private equity, investment…
Kent Amarante
Kent Amarante is part of the tangible assets valuation group and specializes in valuations of machinery and equipment and real property assets. With more than…
Tangible Assets: Real Estate & M&E
Valuations for real estate, real property, machinery & equipment, lifing studies and more
Pre-Acquisition
When considering an acquisition, management teams need accurate valuations of the target’s assets & liabilities
Mergers & Acquisitions
ASC 805 & ASC 350 make it critical for buyers & sellers to consider how a transaction impacts financial reporting
Intellectual Property & Intangible Assets
Categorized as marketing/brand, customer, artistic, contract or technology-based assets, must be valued under ASC 805 & ASC 350
International Business Combinations
Multinational firms pursuing M&A strategies face additional international financial & tax reporting requirements
Goodwill Impairment
Annual impairment testing services supporting ASC 350 compliance, including underlying assets associated with reporting units
Equity Compensation
Companies need valuations for various forms of equity-based compensation. Early-stage companies need a valuation health-check, pre-IPO
Allocation of Purchase Price
Under ASC 805, a PPA analysis allocates the purchase price into acquired assets and liabilities
Manufacturing
An industrial property consisting of various manufacturing machinery & equipment was a candidate for an ad valorem tax reduction.
Paul Balynsky
Mr. Balynsky is a managing director in VRC's portfolio valuation group with nearly 20 years of valuation experience. He specializes in valuations of portfolios of…
Pharmaceuticals
In order to comply with Accounting Standards Codification 815 (ASC 815), an early stage pharmaceutical company asked VRC to analyze the entire convertible callable note and determine the fair market value of each of the embedded derivatives.
Financial Sponsor: Hedge Fund
A shareholder of a closely-held hedge fund was not receiving the appropriate level of compensation per agreement with the controlling interest shareholder.
Valuing the Panama Canal for Insurance Purposes
How do you place a supportable value on a major landmark like the Panama Canal?
Healthcare
Property taxes were levied on only real property portion of a hospital, key to analysis was separating the value of the business ops from that of real property.
Brands: Food & Beverage
A leading manufacturer of branded food products engaged VRC to estimate the fair value of certain intangible assets acquired in a business combination.
Automotive
A client who designs, engineers, and manufactures value-added products and systems for automotive and light-vehicle manufacturers acquired an automotive components manufacturer.
Consumer Products
A large multinational consumer products company acquired a South American company operating in the same space. VRC was engaged to estimate the value of the PP&E and intangible assets for financial reporting purposes.
Chemical
A leading international producer of nitrogen products acquires a nitrogen manufacturing company requiring a valuation for allocation of purchase price according to ASC 805.
Valuation Integral to Sec. 409A Requirements
The valuation of a development-stage company’s common stock is best estimated using the methods in the Practice Aid.
Telecommunication
We were retained by a leading provider of wireless messaging and information services to provide various valuation services for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
How Do You Put a Price Tag on the Panama Canal?
How Do You Put a Price Tag on the Panama Canal?